GLOBUS REALINFRA PVT LTD,NEW DELHI vs. DCIT CENTRAL CIRVCLE-3, 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 accepted the assessee's request for withdrawal of the appeal. The Senior DR had no objection to this request.
What were the facts?
The assessee requested withdrawal of their appeal for AY 2016-17. This was due to opting for settlement under the Vivad Se Vishwas Scheme, 2020.
What were the issues?
Whether the assessee's appeal can be withdrawn due to opting for settlement under the Vivad Se Vishwas Scheme.
Which sections of the Income-tax Act were involved?
Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, DELHI BENCH ‘A’: NEW DELHI
Before: SHRI G.S. PANNU & SHRI K.N. CHARY
PER G.S. PANNU, VP : This appeal by the assessee for the assessment year 2016-17 is directed against the order of learned CIT(A), New Delhi dated 29.07.2020.
None appeared on behalf of the assessee at the time of Virtual Hearing before us. The assessee, vide its letter dated 10.02.2021, received through
2 ITA-1660/Del/2020
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