Pune Embassy Projects Pvt Ltd , Bangalore V. The Deputy Commissioner of Income Tax Circle-5(1)(2), Bangalore

ITA 1025/BANG/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 8954 (ITAT-BANGALORE)
• Duration Of Justice: 3 year(s) 8 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2009-2010
• Appeal Filed On: 09-05-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PRIYADARSHI MISHRA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH : BANGALORE BEFORE SHRI B.R BASKARAN , ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA NO.1025/BANG/2017 ASSESSMENT YEAR : 2009 10 M/S PUNE-EMBASSY PROJECTS PVT. LTD., 1 ST FLOOR, EMBASSY POINT, 150, INFANTRY ROAD, BENGALURU-560 001. PAN AAECP 1131 G VS. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-5(1)(2), BENGALURU. APPELLANT RESPONDENT APPELLANT BY : SHRI AJAY ROTTI, C.A RESPONDENT BY : SHRI PRIYADARSHI MISHRA, ADDL. CIT (DR) DATE OF HEARING : 11-1-2021 DATE OF PRONOUNCEMENT : -1-2021 ORDER PER BEENA PILLAI, JUDICIAL MEMBER PRESENT APPEAL HAS BEEN FILED BY AS SESSEE AGAINST ORDER DATED 20/03/2017 PASSED BY LD.CIT(A)-5, BANGALORE, FOR ASSESSMENT YEAR 2009-10. 2. AT THE OUTSET, LD.AR VIDE LETTER DATED 4/1/2021 SUBMITTED THAT ASSESSEE HAS DECIDED TO GO IN FOR VSVS 2020. I T IS ALSO BEEN SUBMITTED THAT ASSESSEE HAS RECEIVED FROM 3 IN RES PECT OF THIS APPEAL. 3. WE HAVE PERUSED SUBMISSIONS ADVANCES BY BOTH SID ES IN LIGHT OF RECORDS PLACED BEFORE US. PAGE 2 OF 3 ITA NO.1025/BANG/2017 4. ASSESSEE HAS SOUGHT FOR VSVS- SCHEME 2020, AND F ORM 3 HAS BEEN ISSUED BY REVENUE. IN LIGHT OF THE ABOVE, APPEAL HAS BEEN WITHDRAWN BY ASSESSEE. ACCORDINGLY, ASSESSEES APPEAL FOR YEAR UNDER CONSI DERATION IS ALLOWED TO BE WITHDRAWN. IN THE RESULT, ASSESSEES APPEAL IS DISMISSED AS WI THDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 11 TH JAN, 2021 SD/- SD/- (B.R BASKARAN) (BEENA PILLAI) ACCOUNTANT MEMBER JUDICIAL ME MBER BANGALORE, DATED, THE 11 TH JAN, 2021 /VMS/ COPY TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR, ITAT, BANGALORE PAGE 3 OF 3 ITA NO.1025/BANG/2017 DATE INITIAL 1. DRAFT DICTATED ON ON DRAGON SR.PS 2. DRAFT PLACED BEFORE AUTHOR -1-2021 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER -1-2021 JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. -1-2021 JM/AM 5. APPROVED DRAFT COMES TO THE SR.PS/PS -1-2021 SR.PS/PS 6. KEPT FOR PRONOUNCEMENT ON -1-2021 SR.PS 7. SIGNED ORDER COMES BACK TO SR.PS/PS -1-2021 SR.PS 8. DATE OF UPLOADING THE ORDER ON WEBSITE -1-2021 SR.PS 9. IF NOT UPLOADED, FURNISH THE REASON -- SR.PS 10. FILE SENT TO THE BENCH CLERK -1-2021 SR.PS 11. DATE ON WHICH FILE GOES TO THE AR 12. DATE ON WHICH FILE GOES TO THE HEAD CLERK. 13. DATE OF DISPATCH OF ORDER. 14. DRAFT DICTATION SHEETS ARE ATTACHED NO SR.PS