Pushpa Builders Ltd., 6, D B Gupta Road, Paharganj, New Delhi Vs. ACIT Circle 20(1), New Delhi
March, 24th 2021
IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘SMC-1’, NEW DELHI
BEFORE SH. ANIL CHATURVEDI, ACCOUNTANT MEMBER AND SH. K. NARASIMHA CHARY, JUDICIAL MEMBER
(THROUGH VIDEO CONFERENCING)
ITA No.9396/Del/2019 Assessment Year : 2015-16
Pushpa Builders Ltd., Vs. ACIT 6, D B Gupta Road, Circle – 20(1), Paharganj, New Delhi-55 New Delhi
PAN – AAGCP 0642 L (RESPONDENT) (APPELLANT)
Assessee by Shri Rohit Tiwari, Adv. Revenue by Shri Mohan Kalra, Adv. Shri Rupesh Agarwal, Sr.DR
Date of hearing: 24/03/2021 Date of Pronouncement: 24/03/2021
PER K. NARASIMHA CHARY, JM :
This appeal filed by the assessee is directed against the order dated 09.09.2019 of the Commissioner of Income Tax (Appeals)-7, New Delhi relating to Assessment Year 2015-16.
2. Before us, assessee has moved an application dated 16th March, 2021 wherein the assessee has stated that it has opted for Vivad Se Vishwas (VSV) 2020 and has filed the declaration (Form- ITA No. 9396/Del/2019 A.Y. 2015-16
1) and undertaking (Form-2) Scheme and department had issued
Form-3. The assessee therefore seeks to withdraw the appeal to
which the Revenue has no objection.
3. After considering the request made by the assessee, we dismiss the appeal of assessee as withdrawn subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforesaid Act, the assessee shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider such application appropriately as per law. With these
4. In the result, appeal of the assessee is dismissed.
Order pronounced in the open court on 24.03.2021,
immediately after conclusion of the hearing of the matter in
(ANIL CHATURVEDI) (K. NARASIMHA CHARY) JUDICIAL MEMBER ACCOUNTANT MEMBER ASSISTANT REGISTRAR Date:- 24.03.2021 ITAT NEW DELHI