ULTIMATE E SOLUTIONS PVT. LTD.,NEW DELHI vs. ITO WARD-27(1), NEW DELHI

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ITA 8142/DEL/2019Status: DisposedITAT Delhi08 January 2021AY 2010-112 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 to withdraw the appeals due to opting for the Vivad Se Vishwas Scheme. The appeals were consigned to records and treated as dismissed, with a liberty to approach the Tribunal for reinstitution if the dispute is not resolved under the scheme.

What were the facts?

The assessee filed appeals for assessment years 2010-11 and 2011-12. The assessee subsequently requested withdrawal of these appeals.

What were the issues?

The primary issue was the assessee's request to withdraw appeals after opting for the Vivad Se Vishwas Scheme.

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, DELHI “A” BENCH: NEW DELHI

Before: SHRI G.S. PANNU & SHRI SUDHANSHU SRIVASTAVA

Hearing: 08.01.2021Pronounced: 08.01.2021

PER G.S. PANNU, VP : Both appeals by the assessee for the assessment years 2010-11 & 2011-12 are directed against the orders of learned CIT(A), New Delhi dated 05.08.2019 & 27.11.2019 respectively.

2.

The assessee, vide its letter dated 04.01.2021, received through email, has requested for withdrawal of the appeals filed by him and stated that the assessee has opted to settle the dispute relating to the tax arrears for the assessment years under consideration under the ”Vivad Se Vishwas Scheme, 2020”.

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 aforestated Act, the appellant (i.e., the assessee) shall be at liberty to approach the Tribunal for reinstitution of the appeals 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 appeals are consigned to record and, for statistical purposes, are treated as dismissed.

Above decision was announced on conclusion of Virtual Hearing on 08th January, 2021.

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