M/S HBN HOUSING FINANCE LTD.,,NEW DELHI vs. ACIT, NEW DELHI

PER KULDIP SINGH, JUDICIAL MEMBER : Appellants, M/s. HBN Housing Finance Ltd. (hereinafter referred to as ‘the assessee’) and ACIT, Central Circle – 4, New Delhi (hereinafter referred to as ‘the Revenue’), in ITA

2 ITA No.4733/Del./2013 ITA No.4573/Del./2013 Nos.4733/Del/2013 & 4573/Del/2013 respectively, by filing the

present appeals, sought to set aside the impugned order dated

01.04.2013 passed by Ld. Commissioner of Income-tax (Appeals)-

XXXIII, New Delhi qua the assessment year 2008-09.

No.4573/Del/2013 stating therein 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”

and has filed necessary Forms 1 & 2 with the Tax Department.

No.4573/Del/2013 is hereby dismissed with liberty to get it

restored by the Revenue in case dispute is not settled as per

scheme. The Revenue has no objection with regard to the

aforesaid caveat. Consequently, the present appeal (ITA

No.4573/Del/2013) is dismissed to enable the parties to opt for

“Vivad Se Vishwas Scheme, 2020”.

emanated from the same impugned order passed by the ld. CIT (A)

qua the subject matter of which parties opted for the Scheme, the

second appeal (ITA No.4733/Del/2013) filed by the assessee has

also become infructuous on filing application in the appeal (ITA

No.4573/Del/2013) for settling the dispute under “Vivad Se

3 ITA No.4733/Del./2013 ITA No.4573/Del./2013 Vishwas Scheme, 2020”, hence dismissed. However, the assessee

as well as the Revenue would have the liberty to get both the

appeals (ITA No.4733/Del/2013 & ITA No.4573/Del/2013)

restored in case dispute is not settled as per the scheme.

Sd/- sd/- (N.K. BILLAIYA) (KULDIP SINGH) ACCOUNTANT MEMBER JUDICIAL MEMBER Dated the 28TH day of January, 2021 TS