Maratha Co-op. Bank Ltd., Belgaum V. The Deputy Commissioner of Income Tax, Circle-2(1), Belgaum., Belgaum

ITA 105/PAN/2016

• Counselvise Citation: [2016] 131 COUNSELVISE.COM (IT) 1256 (ITAT-PANAJI)
• Duration Of Justice: 2 month(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-08-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2011-2012
• Appeal Filed On: 01-06-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: NATARAJ S

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH, PANAJI BEFORE SHRI N.S. SAINI , HONBLE ACCOUNTANT MEMBER AND SHRI GEORGE MATHAN, HONBLE JUDICIAL MEMBER ITA NO. 105 /P A N/201 6 (ASST. YEAR : 20 11 - 1 2 ) MARATHA COOPERATIVE BANK LTD., 1477, BASAWAN GALLI, BELGAUM. VS. D CIT, CIRCLE - 2(1), BELGAUM . PAN NO. AABM 0730 BUSINESS (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI PRAMOD VAIDHYA ADV. & SHRI SANJAY D. SHIRGUPPE - CA DEPARTMENT BY : SHRI NATARAJ S. - DR DATE OF HEARING : 03 / 0 8 /201 6 . DATE OF PRONOUNCEMENT : 03 / 0 8 /201 6 . O R D E R PER GEORGE MATHAN, JUDICIAL MEMBER THIS IS AN APPEAL FILED BY THE ASSESSEE AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS) , BELAGAVI PASSED IN APPEAL NO. CIT(APPEALS)/BGM/2015 - 16 , DATED 04 / 04 /201 6 FOR THE ASSESSMENT YEAR 2011 - 12 . 2. SHRI PRAMOD VAIDHYA, ADV OCATE AND SHRI SANJAY D. SHIRGUPPE , CA REPRESENTED ON BEHALF OF THE ASSESSEE AND SHRI NATARAJ S. DEPARTMENTAL REPRESENTATIVE REPRESENTED ON BEHALF OF THE REVENUE. 3 . AT THE TIME OF HEARING, AUTHORIZED REPRESENTATIVE OF THE ASSESSEE SUBMITTED THAT HE DOES NOT WISH TO PRESS THIS APPEAL, HENCE PRAYED FOR WITHDRAWAL OF THE SAME. 2 ITA NO. 105 /P A N/201 6 4 . DEPARTMENTAL REPRESENTATIVE , O N THE OTHER SIDE , DID NOT RAISE ANY OBJECTION FOR WITHDRAWAL OF THE APPEAL. 5. CONSIDERING THE SUBMISSIONS OF BOTH THE SIDES , APPEAL IS PERMITTED TO BE WITHDRAWN AS NOT PRESSED . 6 . IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED AS NOT PRESSED . ORDER PRONOUNCED IN THE COURT AT THE CLOSE OF THE HEARING ON WEDNESDAY , THE 03 RD DAY OF AUGUST , 201 6 AT GOA . S D / - S D / - (N.S.SAINI) (GEORGE MATHAN) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED : 03 RD AUGUST , 201 6 . VR/ - COPY TO: 1 . THE ASSESSEE. MARATHA COOPERATIVE BANK LTD., 1477, BASAWAN GALLI, BELGAUM. 2 . THE REVENUE. DCIT, CIRCLE - 2(1),BELGAUM . 3 . THE PR. CIT , BELAGAVI. 4 . THE CIT(A) , BELAGAVI. 5 . THE D.R . 6 . GUARD FILE. BY ORDER ASSISTANT REGISTRAR I.T.A.T., PANAJI