M/s The Ankola Urban Co-op. Bank Limited., Bangalore V. The Income Tax Officer, Ward-2, Karwar., Karwar

ITA 108/PAN/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 3791 (ITAT-PANAJI)
• Duration Of Justice: 3 year(s) 10 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2009-2010
• Appeal Filed On: 28-03-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH, PANAJI VIRTUAL COURT BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER ITA NOS.107 TO 110/PAN/2017 ASSESSMENT YEARS 2004-05 & 2009-10 TO 2011-12 M/S. THE ANKOLA URBAN CO- OPERATIVE BANK LIMITED, C/O M/S. S. VENKATESAN & CO., CHARTERED ACCOUNTANTS, 31-33, II FLOOR, SNS PLAZA, KUMARAKRUPA ROAD, BANGALORE-560001. PAN : AAAAT5110D VS. ITO, WARD-2, KARWAR. APPELLANT RESPONDENT / ORDER THESE FOUR APPEALS FILED BY THE ASSESSEE ARE DIRECTED AGAINST THE ORDER OF THE LD. COMMISSIONER OF INCOME TAX (APPEALS), MYSORE DATED 29.02.2012 FOR THE ASSESSMENT YEAR 2004-05 AND THE ORDER OF THE LD. COMMISSIONER OF INCOME TAX (APPEALS), MANGALURU DATED 16.01.2017 FOR THE ASSESSMENT YEARS 2009-10 TO 2011-12 RESPECTIVELY. ASSESSEE BY SHRI NONE REVENUE BY SHRI BASAVARAJ H. MALLAYYA DATE OF HEARING 19-02-2021 DATE OF PRONOUNCEMENT 19-02-2021 ITA NOS.107 TO 110/PAN/2017 2 2. BEFORE US, THE APPELLANT FILED A LETTER DATED 29.01.2021 SEEKING PERMISSION TO WITHDRAW THE APPEALS ON THE GROUND THAT THE ISSUE INVOLVED IN THESE APPEALS STAND SETTLED UNDER THE VIVAD SE VISHWAS SCHEME, 2020. THE APPELLANT ALSO FILED COPY OF FORM NO.3 ISSUED BY PRINCIPAL COMMISSIONER OF INCOME TAX, PANAJI. 3. ON THE OTHER HAND, THE LD. DEPARTMENT REPRESENTATIVE HAD EXPRESSED NO OBJECTION TO PERMIT THE WITHDRAWAL OF APPEALS. 4. IN THE CIRCUMSTANCES, WE HEREBY GRANT PERMISSION TO THE APPELLANT TO WITHDRAW THE APPEALS. ACCORDINGLY, THE ABOVE FOUR APPEALS STAND DISMISSED AS WITHDRAWN. 5. IN THE RESULT, THE ABOVE FOUR APPEALS FILED BY THE ASSESSEE ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 19 TH FEBRUARY, 2021. SD/- SD/- (S.S. VISWANETHRA RAVI) (R.S.SYAL) JUDICIAL MEMBER VICE PRESIDENT PUNE; DATED : 19 TH FEBRUARY, 2021 SUJEET ITA NOS.107 TO 110/PAN/2017 3 / COPY OF THE ORDER IS FORWARDED TO : 1. / THE APPELLANT; 2. / THE RESPONDENT; 3. THE CIT(A), MYSORE; 4. 5. 6. THE CIT, MANGALORE; DR, ITAT, PANAJI; / GUARD FILE. / BY ORDER, // TRUE COPY // SENIOR PRIVATE SECRETARY , / ITAT, PUNE