Space Power Controls Pvt. Ltd., New Delhi v. ACIT, Circle- 24(1), New Delhi

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘B’ NEW DELHI BEFORE SHRI O.P. KANT ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE JUDICIAL MEMBER [Through Video Conferencing] ITA No. 6510/Del/2018 Assessment Year: 2006-07 M/s. Space Power Controls Pvt. Ltd. (Now merged with M/s. NKA Financial Services Private Ltd.) 1-A Second Floor PVT No. 201A Arjun Nagar Safdarjung Enclave New Delhi Vs. ACIT Circle-24(1) New Delhi PAN :AAICS8090F (Appellant) (Respondent) ORDER PER O.P. KANT AM: This appeal by the appellant- assessee i.e. M/s. Space Power Controls Pvt. Ltd. (Now merged with M/s. NKA Financial Services Private Ltd.) is directed against the order of learned Commissioner of Income Tax (Appeals)-XII New Delhi dated 11/03/2010 passed for assessment year 2006-07. 2. We have heard learned Representatives of both the parties. Appellant by Sh. Manoj Gupta CA Respondent by Sh. Sujeet Kumar CIT(DR) Date of hearing 08/11/2021 Date of pronouncement 08/11/2021 2 ITA No.6510/Del./2018 3. At outset the leaned counsel for the assessee submitted that the assessee i.e. M/s. Space Power Controls Pvt. Ltd. now merged with M/s. NKA Financial Services Private Ltd. has opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the “Vivad Se Vishwas Scheme 2020” and the Revised Form No. 3 is awaited. The learned counsel therefore seeks permission to withdraw the appeal. 4. In view of the aforesaid the appeal of the assessee is dismissed as withdrawn. Order pronounced in the open court. Sd/- Sd/- (SUCHITRA KAMBLE) (O.P. KANT) JUDICIAL MEMBER ACCOUNTANT MEMBER Dated: 8 th November 2021. RK/- Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR Asst. Registrar ITAT New Delhi