Case Number: ITA 5419/DEL/2019
Appellant: Maithon Power Ltd., New Delhi
Respondent: DCIT, Circle-16(1), New Delhi
Assessment Year: 2014-15
Case Filed on: 2019-06-17
Order Type: Final Tribunal Order
Date of Order: 2020-11-06
Pronounced on: 2020-11-06
The case of Maithon Power Ltd. versus DCIT, Circle-16(1), New Delhi, pertains to the assessment year 2014-15. The appeal was filed by Maithon Power Ltd. on 17th June 2019 against an order dated 27th November 2018 passed by CIT(A), New Delhi. The central issue in this case revolved around the assessment order and related tax arrears.
The appellant, Maithon Power Ltd., filed the appeal challenging the assessment order issued by the DCIT, Circle-16(1), New Delhi. The dispute involved tax arrears for the assessment year 2014-15. The appellant sought to resolve the dispute through the appellate process to address issues pertaining to the assessment and related tax liabilities.
The case was heard on 6th November 2020 before a bench comprising Shri G.S. Pannu, Vice President, and Shri Sudhanshu Srivastava, Judicial Member. The appellant was represented by Shri Manomeet Dalal, Advocate, while the respondent was represented by Shri M.A. Baranwal, Senior Departmental Representative.
The appellant, Maithon Power Ltd., opted to settle the dispute under the Vivad Se Vishwas Scheme, 2020, which is a direct tax dispute resolution scheme introduced by the Government of India. The scheme allows taxpayers to settle their tax disputes by paying a specified amount and receiving immunity from interest, penalties, and prosecution for the specified tax arrears.
The appellant’s counsel submitted a letter dated 23rd October 2020, received through email, requesting the withdrawal of the appeal. The letter stated that the appellant had opted to settle the tax dispute for the assessment year 2014-15 under the Vivad Se Vishwas Scheme, 2020. A certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, was also submitted as evidence of the settlement.
The Senior Departmental Representative had no objection to the withdrawal request. Considering the appellant’s request and the evidence provided, the tribunal accepted the withdrawal of the appeal.
The final judgment in the case of Maithon Power Ltd. vs DCIT, Circle-16(1), New Delhi, resulted in the appeal being dismissed as withdrawn. The tribunal acknowledged the appellant’s decision to settle the tax dispute under the Vivad Se Vishwas Scheme, 2020, and accordingly, the appeal was dismissed.
The order was pronounced in the open court on 6th November 2020 by Shri G.S. Pannu, Vice President, and Shri Sudhanshu Srivastava, Judicial Member.
Order Date: 6th November 2020
Pronounced by: Shri G.S. Pannu, Vice President, and Shri Sudhanshu Srivastava, Judicial Member
Assistant Registrar: ITAT Delhi Benches
Copy forwarded to:
Date of dictation: 06.11.2020
Date on which the typed draft is placed before the dictating member: 06.11.2020
Date on which the typed draft is placed before the other member: 06.11.2020
Date on which the approved draft comes to the Sr. PS/ PS: 06.11.2020
Date on which the fair order is placed before the dictating member for pronouncement: 06.11.2020
Date on which the fair order comes back to the Sr. PS/ PS: 06.11.2020
Date on which the final order is uploaded on the website of ITAT: 06.11.2020
Date on which the file goes to the Bench Clerk: 06.11.2020
Date on which the file goes to the Head Clerk:
The date on which the file goes to the Assistant Registrar for signature on the order:
Date of dispatch of the order:
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