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Income Tax Appellate Tribunal, IN THE INCOME TAX APPELLATE TRIBUNAL
Before: SHRI G.S. PANNU BEFORE SHRI G.S. PANNU & BEFORE SHRI G.S. PANNU & SHRI AMIT SHUKLA SHRI AMIT SHUKLASHRI AMIT SHUKLA SHRI AMIT SHUKLA
ORDER ORDER ORDER ORDER
2 ITA-5354/Del/2016 ITA-6651/Del/2019 C.O. No.124/Del/2017 PER G.S. PANNU PER G.S. PANNU, , , , VP PER G.S. PANNU PER G.S. PANNU VP VP : VP
The cross-appeals by the Revenue and the assessee and the Cross-Objection by the assessee for the assessment year 2007-08 are directed against the order of learned CIT(A), New Delhi dated 18.07.2016 & 25.06.2019 respectively.
The learned counsel for the assessee, vide its letter dated 02.12.2020, received through email, has requested for withdrawal of the appeal as well as the cross-objection filed by the assessee and stated 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.
Learned Senior DR has no objection.
In view of the above, we accept the request of the assessee for withdrawal of the appeal as well as the cross-objection. Accordingly, the appeal of the Revenue in and the cross- objection of the assessee in C.O. No.124/Del/2017 are dismissed as infructuous.
Further, the dispute in the appeal of the assessee in Vivad Se Vishwas Scheme, 2020. Accordingly, the same is also dismissed as withdrawn.
In the result, the cross-appeals of the assessee and the Revenue and the Cross-objection of the assessee are dismissed. Above decision was announced on conclusion of Virtual Hearing in the presence of both the parties on 07th December, 2020. Sd/- Sd/- (AMIT SHUKLA AMIT SHUKLA AMIT SHUKLA) AMIT SHUKLA (G.S. PANNU (G.S. PANNU) (G.S. PANNU (G.S. PANNU JUDICIAL JUDICIAL MEMBER JUDICIAL JUDICIAL MEMBER MEMBER MEMBER VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT sh
3 ITA-5354/Del/2016 ITA-6651/Del/2019 C.O. No.124/Del/2017