Case Number: ITA 966/DEL/2021
Appellant: Jakhotia Polymers Pvt. Ltd., Telangana
Respondent: ACIT, CC-26, New Delhi
Assessment Year: 2010-11
Case Filed On: August 12, 2021
Order Type: Final Tribunal Order
Date of Order: August 27, 2021
Pronounced On: August 27, 2021
The legal dispute between Jakhotia Polymers Pvt. Ltd. and the Assistant Commissioner of Income Tax (ACIT), Circle-26, New Delhi, pertains to the assessment year 2010-11. The case, filed on August 12, 2021, culminated in a Final Tribunal Order pronounced on August 27, 2021.
The primary issue in this case was the resolution of tax arrears under the Vivad Se Vishwas Scheme, 2020. The appellant requested the withdrawal of the appeal to settle the dispute related to tax arrears for the assessment year under consideration.
Jakhotia Polymers Pvt. Ltd. is a private limited company engaged in the manufacturing of polypropylene products. The company is headquartered in Hyderabad, Telangana, and has been involved in various tax disputes with the ACIT, Central Circle-26, New Delhi.
The appellant filed an appeal against the order of the learned CIT(A)-29, New Delhi, dated June 11, 2021. However, the learned counsel for the appellant, via a letter dated August 24, 2021, requested the withdrawal of the appeal, stating that the appellant had opted to settle the dispute under the Vivad Se Vishwas Scheme, 2020. A certificate to this effect under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, was also filed.
The Tribunal, comprising Hon’ble President Mr. Justice P.P. Bhatt and Hon’ble Vice President Mr. G.S. Pannu, accepted the request for withdrawal of the appeal. The learned Senior DR raised no objection to this request.
In the Income Tax Appellate Tribunal, Delhi Bench ‘A’, New Delhi, through video conferencing, the appeal by the assessee for the assessment year 2010-11 was directed against the order of learned CIT(A)-29, New Delhi, dated June 11, 2021. The Tribunal dismissed the appeal as withdrawn, based on the appellant’s request.
The case was resolved through the Vivad Se Vishwas Scheme, 2020, allowing the appellant to settle tax arrears. The Tribunal’s decision to dismiss the appeal as withdrawn was announced on August 27, 2021.
Final Judgment: In the Income Tax Appellate Tribunal, Delhi Bench ‘A’, New Delhi, the appeal filed by Jakhotia Polymers Pvt. Ltd. was dismissed as withdrawn, based on the resolution under the Vivad Se Vishwas Scheme, 2020, and the order was pronounced on August 27, 2021.
This appeal by the assessee for the assessment year 2010-11 is directed against the order of learned CIT(A)-29, New Delhi dated 11th June, 2021.
2. The learned counsel for the assessee, vide letter dated 24th August, 2021 has requested for withdrawal of the appeal filed by the assessee and stated that the assessee has opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the Vivad Se Vishwas Scheme, 2020. A certificate to this effect under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 has also been filed.
3. Learned Senior DR has no objection.
4. In view of the above, we accept the request of the assessee for withdrawal of the appeal.
5. In the result, the appeal of the assessee is dismissed as withdrawn.
Above decision was announced on conclusion of Virtual Hearing in the presence of both the parties on 27th August, 2021.
Sd/- (G.S. PANNU) (JUSTICE P.P. BHATT) VICE PRESIDENT PRESIDENT
VK.
Copy forwarded to:
1. Appellant
2. Respondent
3. CIT
4. CIT(A)
5. DR, ITAT
Assistant Registrar
Jakhotia Polymers Pvt. Ltd. vs ACIT, 2010-11: Case Filed in 2021
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