SAHARA INDIA INTERNATIONAL CORPORATION LTD. vs. ADDL. CIT, RANGE-7,,

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘C’ : NEW DELHI (Through Video Conferencing) BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER ITA Nos. 3387 & 3396/DEL/2005; 1687 & 1688/DEL/2012 Assessment Years : 2001-02, 2002-03, 2002-03 & 2001-02 M/S SAHARA INDIA Vs. DY. COMMISSIONER OF INCOME INTERNATIONAL TAX, CENTRAL CIRCLE-6, CORPORATION LTD., NEW DELHI (NOW MERGED WITH M/S SAHARA INDIA COMMERCIAL CORPORATION LIMITED), SAHARA INDIA COMPLEX, C-2, C-3, C-4, SECTOR-XI, NOIDA UTTAR PRADESH (PAN : AADCS6118F) (Appellant) (Respondent)

ITA Nos. 3394 & 3395/DEL/2005 & 4828/DEL/2014 & 398/DEL/2011 Assessment Years : 2001-02, 2002-03, 2003-04 & 2005-06 DY. COMMISSIONER OF Vs. M/S SAHARA INDIA INCOME TAX, CENTRAL INTERNATIONAL CORPORATION CIRCLE-6, LTD., NEW DELHI (NOW MERGED WITH M/S SAHARA INDIA COMMERCIAL CORPORATION LIMITED),

2 ITA NOS. 3387/DEL/2005 & 7 ORS. SAHARA INDIA INTERNATIONAL CORPORATION LTD. SAHARA INDIA COMPLEX, C-2, C-3, C-4, SECTOR-XI, NOIDA UTTAR PRADESH (PAN : AADCS6118F) (Appellant) (Respondent)

Assessee by : Sh. Aditya Vohra, Adv. & Sh. Arpit Goyal, CA Department by : Sh. M. Baranwal, Sr. DR. Date of hearing : 10.02.2021 Date of pronouncement : 10.02.2021 ORDER PER G.S. PANNU, VP : These appeals filed by the Assessee and Revenue for the assessment years 2001-02, 2002-03, 2003-04 & 2005-06 are directed against the separate orders of Learned CIT(A)-I, New Delhi. 2. The assessee’s A.R. vide his common letter dated 4.2.2021 has requested for withdrawal of the appeals filed by the Assessee and also requested that appeals filed by the Revenue may also be dismissed. He 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. The copies of the Certificate to this effect under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 have also been filed in all the appeals filed by the assessee and revenue.

3 ITA NOS. 3387/DEL/2005 & 7 ORS. SAHARA INDIA INTERNATIONAL CORPORATION LTD. 3. Considering the aforesaid situation, the captioned appeals are consigned to records 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 years is not ultimately resolved in terms of the aforesaid Act, the parties shall be at liberty to approach the Tribunal for reinstitution of the appeals and the Tribunal shall consider such application appropriately as per law. Both the parties have no objection with regard to the aforesaid caveat. 5. In view of the aforesaid, all the appeals are consigned to record and, for statistical purposes, are treated as dismissed. Above decision was announced in the presence of both the parties on conclusion of Virtual Hearing on 10th February, 2021. Sd/- Sd/- (K. NARASIMHA CHARY) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT SRB Copy forwarded to: - 1. Appellant. 2. Respondent. 3. CIT 4. CIT(A) 5. DR, ITAT Assistant Registrar

4 ITA NOS. 3387/DEL/2005 & 7 ORS. SAHARA INDIA INTERNATIONAL CORPORATION LTD.