Eplanet Ventures Mauritius Limited , Bangalore V. Commissioner of Income Tax (International Taxation) , Bangalore

ITA 1232/BANG/2017

• Counselvise Citation: [2018] 126 COUNSELVISE.COM (IT) 5535 (ITAT-BANGALORE)
• Duration Of Justice: 9 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-03-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2012-2013
• Appeal Filed On: 31-05-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: MUZAFFAR HUSSAIN
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : BANGALORE BEFORE SHRI SUNIL KUMAR YADAV, JUDICIAL MEMBER AND SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER IT (IT) A NO. 1232 /BANG/2017 ASSESSMENT YEAR : 2012 - 13 EPLANET VENTURES MAURITIUS LIMITED, C/O. BMR ASSOCIATES LLP, CAS, LEVEL 2, PRESTIGE NEBULE I, 8-12, CUBBON ROAD, BANGALORE 560 001. PAN: AACCE 3450H VS. THE COMMISSIONER OF INCOME TAX INTERNATIONAL TAXATION, BANGALORE. APP ELLANT RESPONDENT A PPELLANT BY : MS. TANMAYEE RAJKUMAR, ADVOCA TE RE SPONDENT BY : SHRI MUZAFFAR HUSSAIN, CIT DATE OF HEARING : 05.03.2018 DATE OF PRONOUNCEMENT : 08 . 0 3 .201 8 O R D E R PER SUNIL KUMAR YADAV, JUDICIAL MEMBER THIS APPEAL IS PREFERRED BY THE ASSESSEE. DURIN G THE COURSE OF HEARING, THE LD. COUNSEL FOR THE ASSESSEE HAS MOVED AN APPLICATION WITH A REQUEST TO WITHDRAW THE APPEAL, AS NO ADDITION WAS MADE BY THE AO IN THE ASSESSMENT ORDER FRAMED CONSEQUENT TO THE ORDER OF CIT(APPEALS) PASSED U/S. 263 OF THE INCOME-TAX ACT, 1961. THE REVENUE HAS NO OBJECTION WITH REGARD TO THE REQUEST OF THE LD. COUNSEL FOR THE AS SESSEE. IT(IT)A NO.1232/BANG/2017 PAGE 2 OF 2 2. HAVING GIVEN A THOUGHTFUL CONSIDERATION TO THE R IVAL SUBMISSIONS IN THE LIGHT OF THE APPLICATION FILED BY THE ASSESSEE, WE ALLOW THE WITHDRAWAL OF THE APPEAL OF THE ASSESSEE AND DISMISS THE SAME AS WITHDRAWN. 3. IN THE RESULT, THE APPEAL OF THE ASSESSEE STANDS DISMISSED. PRONOUNCED IN THE OPEN COURT ON THIS 8 TH DAY OF MARCH, 2018. SD/- SD/- ( INTURI RAMA RAO ) ( SUNIL KUMAR YADAV ) ACCOUNTANT MEMBER JUDICIAL MEMBER BANGALORE, DATED, THE 8 TH MARCH, 2018. / D ESAI S MURTHY / COPY TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER SENIOR PRIVATE SECRETARY ITAT, BANGALORE.