ACIT, CIRCLE- 11(2), NEW DELHI v. HYPER QUALITY INDIA PVT. LTD., GURGAON

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH D: NEW DELHI (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU VICE PRESIDENT AND SHRI KUL BHARAT JUDICIAL MEMBER ITA NOS.6897 & 7301/DEL/2018 ASSESSMENT YEARS : 2012-13 & 2013-14 ACIT CIRCLE-11(2) NEW DELHI VS. M/S HYPER QUALITY INDIA PVT. LTD. 34 UDYOG VIHAR PHASE-IV GURGAON-122016 HARYANA PAN-AABCH7962E (APPELLANT) (RESPONDENT) APPELLANT BY : SH. M. BARANWAL SR. DR RESPONDENT BY : NONE DATE OF HEARING : 03.03.2021 DATE OF PRONOUNCEMENT : 03.03.2021 ORDER PER G.S. PANNU VP : THESE APPEALS BY THE REVENUE FOR THE ASSESSMENT YEARS 2012-13 AND 2013-14 ARE DIRECTED AGAINST THE ORDERS OF LEARNED CIT(A)-44 DATED 21.08.2018 AND 22.08.2018 RESPECTIVELY. 2. NONE APPEARED ON BEHALF OF THE ASSESSEE DURING THE COURSE OF VIRTU AL HEARING BEFORE US. THE ASSESSEE VIDE ITS LETTER RECEIVED THR OUGH EMAIL DATED ITA NOS.-6897 & 7301/DEL/2018 2 23.02.2021 HAS REQUESTED FOR DISMISSAL OF THE APPEALS FILED BY THE R EVENUE AND STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE REL ATING TO THE TAX ARREARS FOR THE ASSESSMENT YEARS UNDER CONSIDERATION UNDER THE V IVAD SE VISHWAS SCHEME 2020. A CERTIFICATE TO THIS EFFECT UNDER SECTIO N 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. 5. IN THE RESULT THE APPEALS OF THE REVENUE ARE DISMISSED. ABOVE DECISION WAS ANNOUNCED ON CONCLUSION OF VIRTUAL HEARING ON 03 MARCH 2021. SD/- SD/- (KUL BHARAT) (G.S. PANNU) JUDICIAL MEMBER VICE PRESIDENT F{X~{T COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ITAT BY ORDER ASSISTANT REGISTRAR ITAT DELHI