GE PACIFIC PTE LTD.,GURGAON vs. ACIT, NEW DELHI

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘D’: NEW DELHI (Through Video Conferencing) BEFORE, SHRI R.K.PANDA, ACCOUNTANT MEMBER AND SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER ITA No.1317/Del/2015 (ASSESSMENT YEAR-2011-12) GE Pacific Pvt. Ltd., Asst. Director of Income C/o 6th Floor, Tax, Building 7A, DLF Cyber Vs. Circle-1(3) (1), City, Phase –III, International Taxation, Gurgaon-122 002 New Delhi-110 002. Haryana. PAN–AADCG 5406C (Appellant) (Respondent) Appellant By Mr. Sachit Jolly, Adv. Mrs. Disha Jham, Adv. Respondent by Dr. Prabha Kant, CIT-DR Date of Hearing 15.02.2021 Date of Pronouncement 15.02.2021 ORDER PER SUDHANSHU SRIVASTAVA, JM: This appeal is preferred by the assessee against order dated

30.12.2014 passed by the Learned Asst. Commissioner of Income

Tax, Circle-1(3)(1), International Taxation, New Delhi for

Assessment Year 2011-12.

2 ITA No.1317/Del/2015 GE Pacific Pte Ltd. vs. ACIT

2.0 The Ld. Authorized Representative (AR) submits that the

assessee has opted to settle the dispute relating to the tax arrears

for the assessment year under consideration under The Direct Tax

Vivad se Vishwas Act, 2020. It has been stated that the necessary

declaration in accordance with Section 4 of The Direct Tax Vivad se

Vishwas Act, 2020 has been filed by the assessee.

3.0 Considering the aforesaid situation, the captioned appeal

is consigned to the records and treated as dismissed.

4.0 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.

3 ITA No.1317/Del/2015 GE Pacific Pte Ltd. vs. ACIT

5.0 In view of the aforesaid, the appeal is consigned to the

records and, for statistical purposes, is treated as dismissed.

Above decision was announced on conclusion of Virtual

Hearing on 15th February, 2021.

Sd/- Sd/- (R.K.PANDA) (SUDHANSHU SRIVASTAVA) ACCOUNTANT MEMBER JUDICIAL MEMBER Dated:15/02/2021 PK/Ps Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT

ASSISTANT REGISTRAR ITAT NEW DELHI