M/s Prestige Bidadi Holdings Pvt Ltd , Bangalore V. Assistant Commissioner of Income TAx Circle-5(1)(2), Bangalore

ITA 1149/BANG/2018

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 0289 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 8 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 28-12-2020
• Assessment Year: 2014-2015
• Appeal Filed On: 06-04-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: KANNAN NARAYAN
• Assessee Lawyers: C SANDEEP

Judgement Text

ITA NO.1149&2121 /BANG/2018 M/S. PRESTIGE BIDADI HOLDINGS PVT. LTD., BANGALORE IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH: BANGALORE BEFORE SHRI B. R. BASKARAN, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA NO.1149/BANG/2018 ASSESSMENT YEAR: 2014-15 M/S. PRESTIGE BIDADI HOLDINGS PVT. LTD. #1, THE FALCON HOUSE MAIN GUARD CROSS ROAD OFF INFANTRY ROAD BENGALURU-560 001 PAN NO : AAECP1459K VS. ACIT CIRCLE-5(1)(2) BENGALURU APPELLANT RESPONDENT ITA NO.2121/BANG/2018 ASSESSMENT YEAR: 2015-16 M/S. PRESTIGE BIDADI HOLDINGS PVT. LTD. BENGALURU-560 001 VS. DCIT CIRCLE-5(1)(2) BENGALURU APPELLANT RESPONDENT APPELLANT BY : SHRI C. SANDEEP, A.R. RESPONDENT BY : SHRI KANNAN NARAYAN, D.R. DATE OF HEARING : 28.12.2020 DATE OF PRONOUNCEMENT : 28.12.2020 O R D E R PER BENCH: BOTH THESE APPEALS FILED BY THE ASSESSEE ARE DIRECT ED AGAINST THE ORDERS PASSED BY LD. CIT(A)-5, BENGALURU AND TH EY RELATE TO THE ASSESSMENT YEARS 2014-15 & 2015-16. ITA NO.1149&2121 /BANG/2018 M/S. PRESTIGE BIDADI HOLDINGS PVT. LTD., BANGALORE PAGE 2 OF 2 2. THE ASSESSEE HAS FILED AN APPLICATION FOR WITHDR AWING THESE APPEALS. IT IS STATED IN THE APPLICATION THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTES UNDER VIVAD SE VISHWAS SCHEM E, 2020. IT WAS ALSO STATED THAT THE ASSESSEE HAS ALREADY FILED FOR M NOS.1 & 2 FOR THESE TWO YEARS AND HAS ALSO RECEIVED FORM NO.3. 3. WE HEARD LD. D.R. AND PERUSED THE RECORD. HAVIN G REGARD TO THE FACTS MENTIONED BY THE ASSESSEE, WE ALLOW THE A SSESSEE TO WITHDRAW THESE APPEALS. 4. IN THE RESULT, BOTH THE APPEALS OF THE ASSESSEE ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 28 TH DEC, 2020 SD/- (BEENA PILLAI) JUDICIAL MEMBER SD/- (B.R. BASKARAN) ACCOUNTANT MEMBER BANGALORE, DATED 28 TH DEC, 2020. 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.