ACIT (LTU), New Delhi v. Power Finance Corporation Ltd., New Delhi

ITA 5596/DEL/2018 | 2011-2012
Pronouncement Date: 25-03-2021 | Result: Dismissed

Appeal Details

RSA Number 559620114 RSA 2018
Assessee PAN AAACP1570H
Bench Delhi
Appeal Number ITA 5596/DEL/2018
Duration Of Justice 2 year(s) 6 month(s) 26 day(s)
Appellant ACIT (LTU), New Delhi
Respondent Power Finance Corporation Ltd., New Delhi
Appeal Type Income Tax Appeal
Pronouncement Date 25-03-2021
Appeal Filed By Department
Order Result Dismissed
Bench Allotted F
Tribunal Order Date 25-03-2021
Assessment Year 2011-2012
Appeal Filed On 29-08-2018
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH A: NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU VICE PRESIDENT AND SHRI SUDHANSHU SRIVASTAVA JUDICIAL MEMBER ITA NO.5596/DEL/2018 A .Y. 2011-12 ACIT (LTU) NEW DELHI VS. M/S. POWER FINANCE CORPORATION LTD. URJANIDHI 1 BARAKHAMBA LANE NEW DELHI PAN : AAACP1570H (APPELLANT) (RESPONDENT) ITA NO.2571/DEL/2019 A.Y. 2012-13 ITA NO.2572/DEL/2019 A.Y. 2013-14 ITA NO.2573/DEL/2019 A.Y. 2013-14 DCIT VS. M/S. POWER FINANCE CORPORATION LTD. CIRCLE-1 (LTU) URJANIDHI 1 BARAKHAMBA LANE NEW DELHI NEW DELHI PAN : AAACP1570H (APPELLANT) (RESPONDENT) ITA NO.1902/DEL/2019 A.Y. 2012-13 ITA NO.1903/DEL/2019 A.Y. 2013-14 ITA NO.1904/DEL/2019 A.Y. 2015-16 ITA-5596 & ORS. 2 POWER FINANCE CORPORATION LTD. VS. ACIT(LTU) URJA NIDHI 1 BARAKHAMBA LANE CIRCLE- 1 NEW DELHI NEW DELHI PAN : AAACP1570H (APPELLANT) (RESPONDENT) APPELLANT BY : NONE RESPONDENT BY : SH. M. BARANWAL SR. DR DATE OF HEARING : 25.03.2021 DATE OF PRONOUNCEMENT : 25.03.2021 ORDER PER G.S. PANNU VP : THESE APPEALS BY THE REVENUE FOR THE ASSESSMENT YEARS 2011-12 2012- 13 2013-14 & 2015-16 RESPECTIVELY AGAINST THE ORDER OF LD. C IT(A)-22 NEW DELHI DATED 28.06.2018 31.12.2018 AND 22.12.2018 AN D THE APPEALS BY THE ASSESSEE FOR THE ASSESSMENT YEARS 2012-13 2013-14 & 2015-16 R ESPECTIVELY ARE DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-22 NEW DELHI DATED 31.12.2018 AND 22.12.2018. 2. NONE APPEARED ON BEHALF OF THE ASSESSEE AT THE TIME OF VIRTUAL HEARING. THE ASSESSEE VIDE ITS LETTER HAVE REQUESTED FOR DISMISSAL OF THE APPEALS FILED BY REVENUE AND ASSESSEE STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE ASSESSMENT YEARS UNDE R CONSIDERATION UNDER THE VIVAD SE VISHWAS SCHEME 2020. A CERTI FICATE TO THIS ITA-5596 & ORS. 3 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 DISMISSAL OF THE CAPTIONED APPEALS. 5. IN THE RESULT THE APPEALS OF THE REVENUE AND ASSESSEE ARE DISMISSED. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTUAL HEARING ON 25 MARCH 2021. SD/- SD/- (SUDHANSHU SRIVASTAVA) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT *BINITA* COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ITAT BY ORDER ASSISTANT REGISTRAR ITAT DELHI