Sri. Bhalchandra Digambar Athavale, Bangalore V. The Assistant Commissioner Of Income Tax, Circle- 7(2)(1), Bangalore

ITA 100/BANG/2020

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 7584 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 10-02-2021
• Assessment Year: 2016-2017
• Appeal Filed On: 20-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: TSHERING ONGDA

Judgement Text

ITA NO.100/BANG/2020 SRI BHALCHANDRA DIGAMBAR ATHAVALE, BANGALORE IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH: BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND SHRI B.R. BASKARAN, ACCOUNTANT MEMBER ITA NO.100/BANG/2020 ASSESSMENT YEAR: 2016-17 SRI BHALCHANDRA DIGAMBAR ATHAVALE NO.469, 1 ST STAGE, 16 TH CROSS 8 TH MAIN ROAD, BEML LAYOUT BASAVESHWARANAGAR BENGALURU 560 079. PAN NO : ACHPA4553H VS. ACIT CIRCLE-7(2)(1) BANGALORE APPELLANT RESPONDENT APPELLANT BY : N O N E RESPONDENT BY : SHRI TSHERING ONGDA, D.R. DATE OF HEARING : 21.01.2021 DATE OF PRONOUNCEMENT : 21.01.2021 O R D E R PER B.R. BASKARAN, ACCOUNTANT MEMBER: THE ASSESSEE HAS FILED THIS APPEAL CHALLENGING THE ORDER DATED 05.12.2019 PASSED BY LD CIT(A)-7, BENGALURU AND IT RELATES TO THE ASSESSMENT YEAR 2016-17. 2. THE LD A.R OF THE ASSESSEE HAS FILED A LETTE R STATING THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE IN ITS APP EAL AS WELL AS IN THE APPEAL FILED BY THE REVENUE UNDER DIRECT TAXES VIVA D SE VISHWAS ACT, 2020. IT IS FURTHER STATED THAT THE ASSESSEE HAS F ILED FORM NO.1 & 2 FOR THE APPEAL FILED BY THE ASSESSEE AND IT HAS ALS O RECEIVED FORM ITA NO.100/BANG/2020 SRI BHALCHANDRA DIGAMBAR ATHAVALE, BANGALORE PAGE 2 OF 2 NO.3. ACCORDINGLY IT IS SUBMITTED THAT SUITABLE OR DER MAY BE PASSED BY THE TRIBUNAL. 3. WE HEARD LD D.R. SINCE THE ISSUES CONTESTED IN THE APPEAL OF THE ASSESSEE HAVE BEEN SETTLED UNDER THE DIRECT TAX ES VIVAD SE VISHWAS ACT, 2010, WE DISMISS THE APPEAL OF THE ASS ESSEE AS WITHDRAWN. HOWEVER, WE GIVE LIBERTY TO THE ASSESSE E TO SEEK RECALL OF THIS ORDER IN ACCORDANCE WITH LAW, IF THE CIRCUMSTA NCES SO WARRANT. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 21 ST JAN, 2021. SD/- (N.V. VASUDEVAN ) VICE PRESIDENT SD/- (B.R. BASKARAN) ACCOUNTANT MEMBER BANGALORE, DATED 21 ST JAN, 2021. VG/SPS COPY TO: 1. THE APPLICANT 2. THE RESPONDENT 3. THE CIT 4. THE CIT(A) 5. THE DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASST. REGISTRAR, ITAT, BANGALORE.