Case Number: ITA 5570/DEL/2019
Appellant: Ram Nivas Gupta, New Delhi
Respondent: Assistant Commissioner of Income Tax (ACIT), Circle-50(1), New Delhi
Assessment Year: 2013-14
Result: Dismissed as Withdrawn
Case Filed on: 2019-06-26
Order Type: Final Tribunal Order
Date of Order: 2022-06-10
Pronounced on: 2022-06-10
The case involves an appeal filed by Ram Nivas Gupta, New Delhi against the order of the Assistant Commissioner of Income Tax (ACIT), Circle-50(1), New Delhi. The appeal pertains to the assessment year 2013-14 and challenges various additions made by the Assessing Officer (AO) and upheld by the Commissioner of Income Tax (Appeals) [CIT(A)].
The appeal was filed by Ram Nivas Gupta against the order of the Commissioner of Income Tax (Appeals)-17, New Delhi dated 29.05.2019. The primary issues in the appeal were the additions made by the AO on account of notional interest, income from house property, various expenses, and depreciation on car.
The assessee raised the following grounds of appeal:
The case was heard before the Income Tax Appellate Tribunal (Delhi Bench “F”) in New Delhi on 9th June 2022. The bench comprised Shri Kul Bharat, Judicial Member, and Shri Pradip Kumar Kedia, Accountant Member.
Ram Nivas Gupta was represented by Sh. Lakshay Goyal, Advocate, while the respondent was represented by Sh. T. Kipgen, CIT DR. The appeal challenged the additions made by the AO and sustained by the CIT(A) on various grounds.
The appellant’s counsel, Sh. Lakshay Goyal, moved an application seeking permission for withdrawal of the appeal, stating that the assessee had opted to settle the dispute relating to the tax arrears for the assessment year in question under the Vivad Se Vishwas Scheme, 2020. A copy of Form-5, for full and final settlement of tax arrears under the aforesaid scheme, was also filed.
The respondent’s representative, Sh. T. Kipgen, CIT DR, had no objection to the request made on behalf of the assessee.
The Tribunal considered the details and granted the appellant’s request for withdrawal of the appeal. Consequently, the appeal was dismissed as withdrawn.
The Tribunal dismissed the appeal filed by Ram Nivas Gupta as withdrawn, following the appellant’s decision to settle the tax arrears under the Vivad Se Vishwas Scheme, 2020. The final order was pronounced on 10th June 2022 by Shri Kul Bharat, Judicial Member, and Shri Pradip Kumar Kedia, Accountant Member.
Members Present:
Shri Kul Bharat, Judicial Member
Shri Pradip Kumar Kedia, Accountant Member
Document Reference:
Copy forwarded to:
1. Appellant: Ram Nivas Gupta, Z-115/1, Loha Mandi, Naraina, New Delhi-110028
2. Respondent: ACIT, Circle-50(1), New Delhi
3. CIT
4. CIT(A)
5. DR: ITAT
Assistant Registrar, ITAT, New Delhi
Appeal by Ram Nivas Gupta against ACIT, Circle-50(1), New Delhi in ITA No. 5570/DEL/2019
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