SCD Trading has filed a declaration in Form No. 1 & 2 and has hence opted for VSV Scheme to settle the tax dispute.

Last updated: 09 January 2021

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SCD Trading Pvt. Ltd. has successfully resolved a tax dispute for the assessment year 2009-10 by opting for the Vivaad se Vishwas (VSV) Scheme. The company filed the necessary declarations in Form No. 1 & 2, leading the Income Tax Appellate Tribunal to dismiss their appeal as withdrawn. This resolution is contingent upon the issuance of Form No. 3 to the assessee.

Court :
ITAT New Delhi

Brief :
This appeal by assessee has been directed against the order of Ld. CIT(Appeals)-31, New Delhi dated 21.12.2018 for AY 2009-10.

Citation :
I.T.A No.2285/Del/2019

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH “SMC-2” NEW DELHI

BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER
AND SHRI O.P. KANT, ACCOUNTANT MEMBER

I.T.A No.2285/Del/2019
Assessment Year:2009-10

SCD Trading Pvt. Ltd.
F-397, Sarita Vihar,
New Delhi.
PAN No. AAMCS3991H
Appellant

Vs.

CIT(A)-31
New Delhi.
Respondent

Assessee by Shri Shyam Kishor Agarwal, CA
Revenue by Shri Sri Prakash Dubey, Sr. DR

Date of hearing: 24.12.2020
Pronouncement on 05.01.2021

O R D E R

PER BHAVNESH SAINI, J.M.

This appeal by assessee has been directed against the order of Ld. CIT(Appeals)-31, New Delhi dated 21.12.2018 for AY 2009-10.

2. We have heard Ld. Representatives of both the parties through Video Conferencing.

3. Ld. Counsel for assessee submitted that assessee has filed declaration in Form No. 1 & 2 before Income Tax Department and opted for Vivaad se Vishwas Scheme to settle the tax dispute. He has, therefore, submitted that appeal of the assessee may be dismissed as withdrawn subject to issue of Form No. 3 in favour of the assessee.

4. In view of the above, appeal of assessee stands disposed off in terms of the above, subject to issue of Form No. 3 in favour of the assessee.

5. In the result, the appeal of assessee stands disposed off.

Order pronounced in the open court.

Sd/- Sd/-
(O.P. KANT) (BHAVNESH SAINI)
ACCOUNTANT MEMBER JUDICIAL MEMBER

Dated: 05.01.2021
*Kavita Arora, Sr. P.S.

Copy of order sent to- Assessee/AO/Pr. CIT/ CIT (A)/ ITAT (DR)/Guard
file of ITAT.

By order
Assistant Registrar, ITAT: Delhi Benches-Delhi