K C COTTRELL INDIA PVT LTD,GURGAON vs. ASSESSING OFFICER, NATIONAL E- ASSESSMENT CENTRE, NEW DELHI
Income Tax Appellate Tribunal, DELHI BENCH “H”: NEW DELHI
Before: SHRI MAHAVIR SINGH & SHRI M. BALAGANESHM/s K.C. Cottrell India P. Ltd., Suite No.506,513-514 Spazedge Tower-B, 5th Floor, Sector-47, Gurgaon-122002 Vs. Assessing Officer, National E-assessment Centre, New Delhi (Appellant)
PER M. BALAGANESH, AM 1. Assessee M/s. KC Cottrel India Pvt. Ltd, (hereinafter referred to as ‘assessee) by filing the present appeal sought to set aside the impugned order dated 31.03.2021 passed by the Assessing Officer (AO) inconsonance with the order passed by the Dispute Resolution Panel (DRP) dated 17.11.2020 and order passed by Transfer Pricing Officer (TPO) under section 92CA(3) dated 31.10.2019 under section 143(3) read with section 143(3A) and 143(3B) of the Income Tax Act, 1961 (for short ‘the Act’) qua the assessment year 2016-17. 2. The assessee filed a letter 03.04.2025 before us stating that it would be availing the Vivad Se Vishwas Scheme, 2024 introduced by the Statute to settle M/s K.C. Cottrell India P. Ltd
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the tax disputes prevailing in these years for which declaration in form No.2 has already been issued on 28.03.2025 u/s 2 of Section 92 read with Section 93 of the Finance (No. 2) Act, 2024 under VSVS, 2024. 3. Since the assessee had opted settling the dispute arising out of this appeal by availing VSVS scheme, 2024, the appeal filed by the assessee is hereby treated as withdrawn.
4. With the above mentioned liberty given to the` assessee, the appeal filed by the assessee is hereby dismissed as withdrawn.
Order pronounced in the open court on 11/04/2025. - - (MAHAVIR SINGH)
ACCOUNTANT MEMBER
Dated: 11/04/2025
A K Keot