NEXG VENTURES INDIA P.LTD,NEW DELHI vs. DCIT, CIRCLE-18(1), NEW DELHI
In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.
What did the Tribunal hold?
The Tribunal dismissed the appeals as withdrawn based on the assessee's submission that they were opting for the Vivad Se Viswas scheme. The assessee was granted liberty to apply for recall of the order if the necessary forms under the scheme were not issued.
What were the facts?
The assessee filed appeals against orders confirming disallowances under Section 14A and Section 37(1) for assessment years 2013-14, 2014-15, and 2015-16. During the hearing, the assessee stated they were opting for the Vivad Se Viswas scheme and were in the process of filing the required applications.
What were the issues?
Whether the appeals should be dismissed as withdrawn due to the assessee opting for the Vivad Se Viswas scheme.
Which sections of the Income-tax Act were involved?
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, DELHI BENCH “E”: NEW DELHI
Before: SHRI H.S.SIDHU & SHRI PRASHANT MAHARISHI
PER PRASHANT MAHARISHI, A. M.
These are the three appeals preferred by the assessee for the Assessment Years 2013-14, 2014-15 and 2015-16. For Assessment Year 2013-14 and 2014-15 appeals preferred by the assessee against the order of the ld CIT(A)-28, New Delhi, for Assessment Year 2013-14, the disallowance of Rs. 47483184/- u/s 14A of the Income Tax Act, 1961 was confirmed along with disallowances u/s 37(1) on identical grounds. For Assessment Year 2014-15 the disallowance u/s 14A of Rs. 18,39,00,000/- was confirmed and identical sum was also disallowed u/s 37(1) of the Act. For Assessment Year 2015-16 assessee preferred an appeal against the order of the ld CIT(A)-37, New Delhi dated 20.03.2019 wherein, disallowance u/s 14A of Rs. 19,15,84,941/- was confirmed.
At the time of hearing of the appeal the ld AR submitted that the assessee is opting the settlement of the dispute under Vivad Se Viswas scheme. He submitted that assessee is in process of filng requsite application .Therefore, all these appeals may be treated as withdrawn.
The ld DR did not raise any objection.
In view of the above statement at bar by the ld AR the bench asked to submit copy of Form NO. 1 and 2 filed under that scheme. The ld AR submitted that company is in process of filing those forms. However, he consented that these appeals may be treated as withdrawn. In view of this, we dismiss all these three appeals filed by the assessee as withdrawn. However, the assessee is granted liberty to apply for recall this order in case form NO. 3 under that particular scheme are not issued to the assessee.
In the result, all these three appeals are dismissed as withdrawn. Order pronounced in the open court on 25/11/2020. - - (H.S.SIDHU) ACCOUNTANT MEMBER Dated : 25/11/2020 A K Keot
More judgments on Section 14A
- Blacksoil Capital Private Limited (As… vs DCIT, Circle-1(1), HyderabadITA 2217/HYD/2026[2017-18]Status: Disposed9 Oct 2026AY 2017-18
- Hiral Construction, Mumbai vs ITO Ward 42(1)(2), MumbaiITA 8431/MUM/2025[2017-18]Status: Disposed8 Oct 2026AY 2017-18
- The Dy DIT (It) 1(2), Mumbai vs M/S Citi Bank N.A, MumbaiITA 4981/MUM/2007[2002-2003]Status: Disposed8 Oct 2026AY 2002-2003
- M/S. Citi Bank N.A., Mumbai vs The Addl DIT (It) RG-1, MumbaiITA 4970/MUM/2007[2002-2003]Status: Disposed8 Oct 2026AY 2002-2003
- M/S American Express Bank Ltd., Mumbai vs The Jt DIT (It)1(1), MumbaiITA 9414/MUM/2004[2000-2001]Status: Disposed8 Oct 2026AY 2000-2001
Recent GST High Court judgments
Search GST case law →- Santa Singh vs. SuperintendentUttarakhand · 27 Oct 2026
- Azaad Builders vs. Assistant Commissioner SGSTUttarakhand · 27 Oct 2026
- Shadab Malik vs. State Of U.P. And 2 OthersAllahabad · 26 Oct 2026
- Ganesh Trimbak Saraf And Another vs. The State Of Maharashtra And AnotherBombay · 26 Oct 2026
- M/S. Vajram Infra Material Industries vs. The State Of Andhra PradeshAndhra Pradesh · 26 Oct 2026