Case Number: ITA 5476/DEL/2019
Appellant: Agarwalla Teak International P.Ltd
Respondent: DCIT, Circle-1(2), New Delhi
Assessment Year: 2010-11
Result: Final Tribunal Order
Case Filed on: 2019-06-21
Date of Order: 2021-05-19
Pronounced on: 2021-05-19
This case involves an appeal by Agarwalla Teak International P.Ltd against the order of the CIT(A) dated April 25, 2019. The appeal pertains to the assessment year 2010-11 and was initially filed due to disputes over tax calculations.
During the tribunal proceedings, the director of the assessee company submitted an application to withdraw the appeal. The decision to withdraw was based on the company’s choice to avail the benefits of the Vivad Se Vishwas Scheme, which aims to settle pending tax disputes. The tribunal accepted this withdrawal in the absence of any objection from the Revenue’s representative.
The tribunal’s final order dismissed the appeal as ‘withdrawn’. This decision was pronounced in the open court on May 19, 2021, by R.K. Panda, the presiding Accountant Member of the bench. The case conclusion reflects the company’s decision to resolve the dispute through the government’s amnesty scheme, thereby closing the litigation chapter on a mutual agreement basis.
Presiding Officer: R.K. Panda, Accountant Member
Agarwalla Teak International P.Ltd vs. DCIT, Circle-1(2), New Delhi for Assessment Year 2010-11
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