Flowserve US Inc, United States V. ACIT Circle- International Taxation - 1(3)(1), New Delhi

ITA 9732/DEL/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 0260 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 2 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2015-2016
• Appeal Filed On: 26-12-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 20

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH A NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AN D SHRI K.N. CHARY, JUDICIAL MEMBER ITA NO. 9732/DEL/2019 & ITA N O. 9733/DEL/2019 ASSESSME NT YEAR 2015-16 FLOWSERVE MANAGEMENT COMPANY, 5215, N O CONNOR BLVD SUITE, IRVING, TEXAS, UNITED STATES 999999 (PAN: AABCF5584C) VS ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE INT. TAX-1(3), NEW DELHI. (APPELLANT) (RESPONDENT) APPELLANT BY: NONE RESPONDENT BY: SHRI M. BARNWAL, SR. DR DATE OF HEARING : 12.03.2021 DATE OF PRONOUNCEMENT : 12.03.2021 ORDER PER G.S. PANNU, VICE PRESIDENT THESE APPEASL BY THE ASSESSEE ARE DIRECTED AGAINST THE ORDER OF LEARNED ASSTT. COMMISSIONER OF INCOME TAX, INT TAX 1(3)(1) DATED 31.10.2019 AND PERTAIN TO ASSESSMENT YEAR 2015-16. 2. THE LEARNED COUNSEL FOR THE ASSESSEE, VIDE LETT ER DATED 01.03.2021, HAS REQUESTED FOR WITHDRAWAL OF THE APPEALS AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEAR UNDER ITA 9733/DEL/2019 2 CONSIDERATION UNDER THE VIVAD SE VISHWAS SCHEME, 20 20. A CERTIFICATE TO THIS EFFECT UNDER SECTION 5(1) OF THE DIRECT TAX VIVAD S E VISHWAS ACT, 2020 HAS ALSO BEEN FILED. 3. LEARNED SENIOR DR HAS NO OBJECTION. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST O F THE ASSESSEE FOR WITHDRAWAL OF THE APPEALS. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTU AL HEARING ON 12 TH MARCH, 2021. SD/- SD/- (K.N. CHARY) ( G.S. PANNU ) JUDICIAL MEMBER VICE PRE SIDENT GS COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT BY ORDER ASSISTANT REGISTRAR