K.V.FINLEASE PVT. LTD.,,NEW DELHI vs. PR. CIT., NEW DELHI
No AI summary yet for this case.
Income Tax Appellate Tribunal, DELHI BENCH: ‘C’ NEW DELHI
Before: SHRI SAKTIJIT DEY & SHRI PRADIP KUMAR KEDIA
IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: ‘C’ NEW DELHI
BEFORE SHRI SAKTIJIT DEY, JUDICIAL MEMBER AND SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER
ITA No.5579/Del/2018 Assessment Year: 2008-09 M/s. K.V. Finlease Pvt. Ltd., Vs. Pr. CIT, 432, Deepali Enclave, New Delhi Pitampura, New Delhi PAN :AABCK9449H (Appellant) (Respondent)
Appellant by Sh. Subham Jain, CA Respondent by Ms. Anupama Singla, Sr. DR Date of hearing 30.05.2022 Date of pronouncement 30.05.2022
ORDER PER SAKTIJIT DEY, JM:
This is an appeal by the assessee against order dated
10.07.2018 of learned Principal Commissioner of Income Tax
(PCIT)-5, Delhi, passed under section 263 of the Income-tax Act,
1961 (for short ‘the Act’) for the assessment year 2008-09.
Learned Authorized Representative of the assessee, on
instruction, sought permission to withdraw the present appeal as
the assessee has opted to settle the dispute arising in the appeal
under the Direct Tax Vivad Se Vishwas Act, 2020. In fact, letter
ITA No. 5579/Del/2018 AY: 2008-09
dated 28.05.2022 of the assessee, enclosing declaration filed
under Vivad Se Vishwas Scheme and Form 5 issued by the
designated authority have been furnished before the Bench.
Learned Departmental Representative has no objection to
the withdrawal of the appeal by the assessee.
Having considered the submissions of the parties, we find
that accepting assessee’s declaration under the Direct Tax Vivad
Se Vishwas Act, 2020, the designated authority has issued Form
5 on 27th December, 2021. Thus, for all practical purposes, the
dispute arising in the appeal stands settled. That being the
factual position emerging on record, we permit the assessee to
withdraw the present appeal. Accordingly, appeal is dismissed as
withdrawn.
In the result, appeal is dismissed.
Order pronounced in the open court on 30th May, 2022
Sd/- Sd/- (PRADIP KUMAR KEDIA) (SAKTIJIT DEY) ACCOUNTANT MEMBER JUDICIAL MEMBER Dated: 30th May, 2022. RK/- Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR Asst. Registrar, ITAT, New Delhi 2 | P a g e
