M/s Conquest Softech pvt ltd opted to settle the dispute through Vivad Se Vishwas Scheme

Last updated: 20 January 2021

Save Share

Quick Summary

M/s Conquest Softech Pvt. Ltd. has opted to settle its pending tax dispute for the assessment year 2007-08 through the Vivad Se Vishwas Scheme. Consequently, the company filed an application to withdraw its appeal before the Income Tax Appellate Tribunal. The Tribunal has dismissed the appeal as withdrawn, with liberty for the assessee to apply for recalling the order if the necessary certificate is not issued.

Court :
ITAT New Delhi

Brief :
The assessee has filed the present appeal against the impugned order dated 27.01.2017 passed by learned CIT(A), New Delhi relating to the assessment year 2007-08.

Citation :
ITA No. 2039/DEL/2017

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH “SMC-1” NEW DELHI
(THROUGH VIDEO CONFERENCING)

BEFORE SHRI H.S. SIDHU, JUDICIAL MEMBER

ITA No. 2039/DEL/2017
A.Y.: 2007-08

M/s Conquest Softech Pvt. Ltd.,
B-82, Defence Colony,
(PAN:AACCC5443J)
(Appellant)

vs.

ITO, Ward-6(3), New Delhi
New Delhi-110024
(Respondent)

Assessee by : Sh. Shailesh Gupta, CA
Department b : Sh. Prakash Dubey, Sr. DR

O R D E R

The assessee has filed the present appeal against the impugned order dated 27.01.2017 passed by learned CIT(A), New Delhi relating to the assessment year 2007-08.

2. At the time of hearing learned counsel for the assessee filed anapplication dated 27th December, 2020 and requested that the present appeal may be dismissed as withdrawn because assessee contemplating to avail Vivad Se Vishwas Scheme and settled the pending tax dispute.

2. Learned Sr. DR has not raised any objection.

3. Keeping in view the statement of the learned counsel for the assessee,the present appeal is dismissed as withdrawn with liberty to the assessee if Form No. 3 is not issued by the competent authority then the assessee is at liberty to move an application for recalling of this order and that will be decided as per law.

4. In the result, the appeal of the assessee is dismissed.

Order pronounced in the Open Court today i.e. on 28.12.2020 in the presence of both the parties.

Sd/-
[H.S. SIDHU]
JUDICIAL MEMBER

Date: 28.12.2020
Copy forwarded to: -
1. Appellant -
2. Respondent -
3. CIT
4. CIT (A)
5. DR, ITAT TRUE COPY

By Order,
Assistant Registrar,
ITAT, Delhi Benches

FAQ :

The appeal has been dismissed as withdrawn because M/s Conquest Softech Pvt. Ltd. decided to settle the dispute under the Vivad Se Vishwas Scheme.

This dispute relates to the assessment year 2007-08.

The Vivad Se Vishwas Scheme is a government initiative designed to settle pending tax disputes.

Yes, the assessee has the liberty to apply for recalling the order if Form No. 3 is not issued by the competent authority, and this will be decided as per law.