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Income Tax Appellate Tribunal - Delhi

Capital Broadways Pvt. Ltd., New Delhi vs Ito, Ward- 5(3), New Delhi on 12 February, 2021

              IN THE INCOME TAX APPELLATE TRIBUNAL
                    DELHI BENCH 'B': NEW DELHI
                    (Through Video Conferencing)
                           BEFORE,
              SHRI G. S. PANNU, VICE PRESIDENT
                            AND
        SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER
                       I.T.A No.7693/Del/2017
                      (ASSESSMENT YEAR 2009-10)

          Capital Broadways Pvt.             Income Tax Officer,
          Ltd.,                                      Ward-5(3),
          26A, MIG Flats              Vs.            New Delhi.
          Motia Khan, Paharganj,
          New Delhi-110 055.
          PAN-AADCC 4481B
          (Appellant)                              (Respondent)
               Appellant By     Sh. Pabitro Rai, Adv.
               Respondent by    Sh. Jagdish Singh Dahiya,
                                SR. DR.
               Date of Hearing           12.02.2021
               Date of Pronouncement     12.02 2021

                              ORDER

PER SUDHANSHU SRIVASTAVA, JM:

This appeal is preferred by the assessee against order dated 08.12.2017 passed by the Learned Commissioner of Income Tax (Appeals)-XXV, New Delhi {CIT(A)} for Assessment Year 2009-10. 2.0 The Ld. Authorized Representative (AR) submits that the assessee has opted to settle the dispute relating to the tax arrears 2 ITA No.7693/Del/2017 Capital Broadways Pvt. Ltd. vs. ITO for the assessment year under consideration under The Direct Tax Vivad se Vishwas Act, 2020. It has been stated that the necessary declaration in accordance with Section 4 of The Direct Tax Vivad se Vishwas Act, 2020 has been filed by the assessee. 3.0 Considering the aforesaid situation, the captioned appeal is consigned to the records and treated as dismissed. 4.0 However, the aforesaid is 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 aforestated Act, the appellant (i.e., 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. The respondent (i.e., the Revenue) has no objection with regard to the aforesaid caveat. 5.0 In view of the aforesaid, the appeal is consigned to the records and, for statistical purposes, is treated as dismissed.

Above decision was announced on conclusion of Virtual Hearing on 12th February, 2021.

          Sd/-                          Sd/-
    (G.S.PANNU)                 (SUDHANSHU SRIVASTAVA)
  VICE PRESIDENT                    JUDICIAL MEMBER
Dated: 12/02/2021
PK/Ps
                      3           ITA No.7693/Del/2017

Capital Broadways Pvt. Ltd. vs. ITO Copy forwarded to:

1. Appellant
2. Respondent
3. CIT
4. CIT(Appeals)
5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI