Sri Damodar Salian, Bantwal V. Asst. Commissioner of Income-tax, Circle - 2(1), Mangalore

ITA 1364/BANG/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 2762 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 5 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-11-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2014-2015
• Appeal Filed On: 31-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R PREMI ADD L BENGALURU
• Assessee Lawyers: V SRINIVASAN
• Section: 201; 13; 15

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND SHRI B R BAS KARAN , ACCOUNTANT MEMBER ITA NO . 13 6 4/BANG / 201 9 ASSESSMENT YEAR S : 201 4 - 15 SHRI DAMODAR SALIAN, M/S. FIVE STAR WINES, # 1, B C ROAD, BANTWAL 574 211. PAN: AGLPS 4112J VS. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 2(1), MANGALORE. APPELLANT (S) RESPONDENT APPELLANT BY : SHRI V. SRINIVASAN, ADVOCATE RESPONDENT BY : S MT. R. PREMI, ADD L. CIT(DR)(ITAT), BENGALU RU. DATE OF HEARING : 23.11 .2020 DATE OF PRONOUNCEMENT : 23 . 1 1 .2020 O R D E R PER N.V. VASUDEVAN, VICE PRESIDENT THIS APPEAL BY THE ASSESSEE IS AGAINST THE ORDER DATED 27.03.2019 OF THE CIT(APPEALS)-10, BENGALURU, FOR THE ASSESSME NT YEAR 2014-15. 2. DURING THE COURSE OF HEARING OF THE APPEALS, TH E LD. COUNSEL FOR THE ASSESSEES SOUGHT WITHDRAWAL OF THE APPEAL STATING T HAT THE ASSESSEES HAS OPTED FOR VIVAD SE VISHWAS SCHEME ACT, 2020 [VSVS] BY FILING FORM 1 & ITA NO.1364/BANG/2019 PAGE 2 OF 2 2, AND FORM 3 IS ISSUED BY THE DESIGNATED AUTHORITY ACCEPTING THE SAME (COPY FILED). ACCORDINGLY, THE APPEAL IS DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON THIS 23 RD DAY OF NOVEMBER, 2020. SD/- SD/- ( B R BASKARAN ) ( N V VASUDEVAN ) ACCOUNTANT MEMBER VICE PRESIDENT BANGALORE, DATED, THE 23 RD NOVEMBER, 2020. / DESAI S MURTHY / COPY TO: 1. APPELLANTS 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE. BY ORDER ASSISTANT REGISTRAR ITAT, BANGALORE.