This case pertains to the assessment year 2015-16, where the appellant, Kuber Securities, located at 12, Pusa Road, New Delhi, filed an appeal against the Assistant Commissioner of Income Tax (ACIT), Central Circle 30, New Delhi. The case was filed on February 6, 2019, and the order was pronounced on March 25, 2021. The appeal was directed against the order of the learned Commissioner of Income Tax (Appeals)-30, New Delhi.
The case was presented before the Income Tax Appellate Tribunal (ITAT), Delhi Bench ‘A’, New Delhi. The panel consisted of Shri G.S. Pannu, Vice President, and Shri Sudhanshu Srivastava, Judicial Member. The appeal was listed as ITA No. 887/Del/2019 for the assessment year 2015-16.
At the time of the hearing on March 25, 2021, no one appeared on behalf of the appellant, while Shri M. Baranwal, Senior Departmental Representative (DR), represented the Revenue.
The appellant, Kuber Securities, filed the appeal against the order of the learned Commissioner of Income Tax (Appeals), challenging the addition made by the assessing officer and confirmed by the CIT(A). The appellant sought relief under the Vivad Se Vishwas Scheme, 2020, aiming to settle the tax arrears dispute for the assessment year under consideration.
The learned counsel for the appellant, via an email dated March 15, 2021, informed the Tribunal that the appellant opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the Vivad Se Vishwas Scheme, 2020 (the Scheme). The counsel requested the withdrawal of the appeal based on this settlement scheme.
Considering the situation, the Tribunal consigned the appeal to records and treated it as dismissed. The learned Senior DR had no objection to this request.
The Tribunal, noting the appellant’s decision to settle the tax arrears dispute under the Vivad Se Vishwas Scheme, 2020, dismissed the appeal. The order was pronounced on March 25, 2021, by Shri G.S. Pannu, Vice President, and Shri Sudhanshu Srivastava, Judicial Member.
The final judgment stated that the appeal of the assessee, Kuber Securities, was dismissed as withdrawn. This decision was announced at the conclusion of the virtual hearing on March 25, 2021.
The official copy of the order was forwarded to:
By the Order of Assistant Registrar, ITAT, Delhi
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