COSMIQUE PVT. LTD.,NEW DELHI vs. ACIT, CIRCLE- 6(2), NEW DELHI

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH DELHI BENCH ‘SMC SMC-1’ ’ ’ ’ : NEW DELHI : NEW DELHI DELHI DELHI BENCH BENCH SMC SMC : NEW DELHI : NEW DELHI (Through Video Conferencing) (Through Video Conferencing) (Through Video Conferencing) (Through Video Conferencing)

BEFORE SHRI BEFORE SHRI R.K. PANDA, ACCOUNTANT BEFORE SHRI BEFORE SHRI R.K. PANDA, ACCOUNTANT R.K. PANDA, ACCOUNTANT MEMBER R.K. PANDA, ACCOUNTANT MEMBER MEMBER MEMBER

ITA No. ITA No. 2718 ITA No. ITA No. 2718 2718/Del/20 2718 /Del/20 /Del/2019 /Del/20 Assessment Year : : : : 20 Assessment Year 2014 14-15 Assessment Year Assessment Year 20 20 14 14

COSMIQUE PVT. LTD., COSMIQUE PVT. LTD., COSMIQUE PVT. LTD., COSMIQUE PVT. LTD., Vs. Vs. Vs. Vs. ACIT, CIRCLE 6(2), ACIT, CIRCLE 6(2), ACIT, CIRCLE 6(2), ACIT, CIRCLE 6(2), 58, FIRST FLOOR, SOUTH 58, FIRST FLOOR, SOUTH 58, FIRST FLOOR, SOUTH 58, FIRST FLOOR, SOUTH NEW DELHI NEW DELHI NEW DELHI NEW DELHI PATEL NAGAR MARK PATEL NAGAR MARKET, PATEL NAGAR MARK PATEL NAGAR MARK ET, ET, ET, NEW DELHI NEW DELHI – 8 NEW DELHI NEW DELHI 8 8 8 (PAN: PAN: PAN: AAACC9696H PAN: AAACC9696H AAACC9696H) AAACC9696H (Appellant) (Appellant) (Appellant) (Appellant) (Respondent) (Respondent) (Respondent) (Respondent)

Appellant by : None Respondent by : Sh. Gaurav Dudeja, Sr. DR.

Date of hearing : 09.0 .02.202 .2021 .0 .0 .202 .202 Date of pronouncement : 09.0 .02.2021 .2021 .0 .0 .2021 .2021

ORDER ORDER ORDER ORDER PER PER R.K. PANDA, AM PER PER R.K. PANDA, AM R.K. PANDA, AM : R.K. PANDA, AM

This appeal by the assessee for the assessment year 2014-15 is directed against the order of learned CIT(A)-33, New Delhi. 2. The Ld. Counsel for the assessee’s Managing Director vide his letter dated 8.2.2021, has intimated the Tribunal 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 Act, 2020 (in short ‘the Act’) and requested for withdrawal of the said appeal. 3. Considering the aforesaid situation, the captioned appeal is 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 year is not ultimately resolved in terms of the aforesaid 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

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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. Above decision was announced on conclusion of Virtual Hearing in the presence of both the parties on 9th February, 2021. Sd/-

(R.K. PANDA R.K. PANDA R.K. PANDA) R.K. PANDA ACCOUNTANT MEMBER ACCOUNTANT MEMBER ACCOUNTANT MEMBER ACCOUNTANT MEMBER

Date: 09.02.2021 SRB Copy forwarded to: - 1. Appellant. . . . 2. Respondent. 3. CIT 4. CIT(A) 5. DR, ITAT

Assistant Registrar

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