DUGAR GROWTH FUND PVT LTD,NEW DELHI vs. ACIT CIRCLE- 7(2), NEW DELHI

PDF · subscribers
ITA 16/DEL/2020Status: DisposedITAT Delhi24 February 2022AY 2015-162 pages

In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal noted the assessee's request for withdrawal due to opting for the Vivad Se Vishwas Scheme. The appeal was consigned to record and treated as dismissed, with a liberty to the assessee to seek reinstitution if the settlement is not resolved.

What were the facts?

The assessee filed an appeal for assessment year 2015-16. The assessee subsequently requested withdrawal of the appeal, stating they had opted to settle the tax arrears under the 'Vivad Se Vishwas Scheme, 2020'.

What were the issues?

The primary issue was the assessee's request to withdraw the appeal due to opting for a tax settlement scheme.

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, DELHI “FRIDAY/B” BENCH: NEW DELHI

Before: SHRI. G.S.PANNU & SHRI KUL BHARAT

For Respondent: Shri Umesh Takyar, Sr.DR
Hearing: 18.02.2022Pronounced: 24.02.2022

ORDER PER KUL BHARAT, JM : This appeal filed by the assessee for the assessment year 2015-16 is directed against the order of Ld. CIT(A)-3, New Delhi dated 31.10.2019.

2.

None appeared on behalf of the assessee at the time of Virtual hearing before us. The Ld. Counsel for the assessee, vide its letter dated 08.02.2022, received through email, has requested for withdrawal of the appeal filed by him and stated that the assessee has opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the “Vivad Se Vishwas Scheme, 2020”.

3.

Considering the aforesaid situation, the captioned appeal is consigned to record and treated as dismissed.

4.

However, the aforesaid is subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforestated Act, the appellant (i.e., the assessee) shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider such application appropriately as per law. The respondent (i.e., the Revenue) has no objection with regard to the aforesaid caveat.

5.

In view of the aforesaid, the appeal is consigned to record and, for statistical purposes, is treated as dismissed.

6.

In the result, the appeal of the assessee is dismissed.

Order pronounced in the open Court on 24th February, 2022.

Recent GST High Court judgments

Search GST case law →