The Dharmapuri District Central Co-op. Bank Ltd., Dharmapuri V. ACIT, Hosur

ITA 1069/CHNY/2016

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 1105 (ITAT-CHENNAI)
• Duration Of Justice: 5 year(s) 2 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2012-2013
• Appeal Filed On: 21-04-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

./ ITA NOS.1068, 1069 & 2141/CHNY/2016 /ASSESSMENT YEARS: 2007-08, 2012-13 & 2013-14 M/S.THE DHARMAPURI DISTRICT CENTRAL CO-OP. BANK, LTD., NO.81/10H, BYE PASS ROAD, DHARMAPURI 636 701. V S. THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, HOSUR. [PAN: AAAAT 3148 D ] ( /APPELLANT) ( /RESPONDENT) / APPELLANT BY : MR.T. VASUDEVAN, ADV. /RESPONDENT BY : MR.SURESH PERIASAMY, JCIT /DATE OF HEARING : 24.06.2021 /DATE OF PRONOUNCEMENT : 24.06.2021 / O R D E R PER DUVVURU RL REDDY, JUDICIAL MEMBER: THE ASSESSEE FILED THESE APPEALS AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS), SALEM-7, IN I TA NO.78/2015-16 DATED 11.02.2016, IN ITA NO.87/2015-16 DATED 12.02. 2016 & IN ITA NO.66/2016-17 DATED 06.05.2016 FOR THE AYS 2007-08, 2012-13 & 2013- 14 RESPECTIVELY. 2. WHEN THESE APPEALS WERE TAKEN UP FOR HEARING, TH E LEARNED COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE ASSESSEE HAS OPTED TO AVAIL THE VIVAD-SE-VISHWAS , , IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH: CHENNAI . . , . , , BEFORE SHRI DUVVURU R.L. REDDY, JUDICIAL MEMBER AND SHRI G. MANJUNATHA, ACCOUNTANT MEMBER ITA NOS.1068, 1069 & 2141/CHNY/2016 :: 2 :: SCHEME 2020 AND FORM NO.3 WERE ALSO ISSUED. IT HAS SUBMITTED THAT IT MAY BE PERMITTED TO WITHDRAW THE APPEAL. 3. ON THE OTHER HAND, THE LEARNED DEPARTMENTAL REPR ESENTATIVE HAS NOT RAISED ANY OBJECTION TO THE SUBMISSIONS OF THE LEARNED COU NSEL FOR THE ASSESSEE. 4. WE HAVE HEARD BOTH THE SIDES, PERUSED THE MATERI ALS AVAILABLE ON RECORD AND GONE THROUGH THE ORDERS OF THE AUTHORITIES BELO W. 5. IN THIS CASE, THE ASSESSEE HAS OPTED FOR THE VIV AD-SE-VISHWAS SCHEME 2020 AND THE DESIGNATED AUTHORITY HAS ISSUED FORM NO.3 F OR THE SETTLEMENT OF PENDING TAX DISPUTE. ACCORDINGLY, IT PRAYED THAT IT MAY BE PERMITTED TO WITHDRAW THE APPEAL. 6. IN VIEW OF THE SUBMISSIONS OF THE ASSESSEE, THE APPEAL FILED BY THE ASSESSEE IS PERMITTED TO BE WITHDRAWN. HOWEVER, IT IS OPEN TO THE ASSESSEE TO APPROACH THE TRIBUNAL BY FILING AN APPROPRIATE APPLICATION I N THE EVENT OF ANY INJUSTICE CAUSED TO THE ASSESSEE IN RESPECT OF THE SETTLEMENT OF DISPUTE RELATING TO THE VIVAD-SE-VISHWAS SCHEME 2020. 7. IN THE RESULT, THE APPEALS OF THE ASSESSEE IN IT A NOS.1068, 1069 & 2141/CHNY/2016 ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED ON THE 24 TH DAY OF JUNE, 2021, IN CHENNAI. SD/- SD/- ( . ) ( G. MANJUNATHA ) /ACCOUNTANT MEMBER ( . . ) (DUVVURU R.L. REDDY) /JUDICIAL MEMBER ITA NOS.1068, 1069 & 2141/CHNY/2016 :: 3 :: /CHENNAI, /DATED: 24 TH JUNE, 2021. TLN /COPY TO: 1. /APPELLANT 4. ' /CIT 2. /RESPONDENT 5. /DR 3. ' ( ) /CIT(A) 6. /GF