Muniyappa Reddy Ragavan Deenadayalan, Bangalore V. The Income Tax Officer, Ward- 5(3)(6), Bangalore

ITA 138/BANG/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 8165 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 2 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 29-03-2021
• Assessment Year: 2016-2017
• Appeal Filed On: 29-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: GANESH GHALE
• Assessee Lawyers: HARIPRASAD NAYAK

Judgement Text

ITA NO.138/BANG/2020 MUNIYAPPA REDDY RAGAVAN DEENADAYALAN, BENGALURU IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH: BANGALORE BEFORE SHRI B.R. BASKARAN, ACCOUNTANT MEMBER SMC ITA NO.138/BANG/2020 ASSESSMENT YEAR: 2016-17 MUNIYAPPA REDDY RAGAVAN DEENADAYALAN NO.32, 1 ST CROSS, RAINBOW RESIDENCY NEAR BS GARMEL SCHOOL HENNAGARA ROAD KITHIGHANALLI BOMMASANDRA POST BENGALURU 560 099 PAN NO : AIBPD3699K VS. ITO WARD-5(3)(6) BENGALURU APPELLANT RESPONDENT A PPELLANT BY : HARI PRASAD NAYAK, A.R. RESPONDENT BY : SHRI GANESH GHALE, STANDING COUNSEL DATE OF HEARING : 29.03.2021 DATE OF PRONOUNCEMENT : 29.03.2021 O R D E R PER B.R. BASKARAN, ACCOUNTANT MEMBER: THE ASSESSEE HAS FILED THIS APPEAL CHALLENGING THE ORDER DATED 27.11.2019 PASSED BY LD CIT(A)-5, BENGALURU AND IT RELATES TO THE ASSESSMENT YEAR 2016-17. 2. THE LD A.R OF THE ASSESSEE HAS FILED A LETTE R STATING THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE IN ITS APP EAL AS WELL AS IN THE APPEAL FILED BY THE REVENUE UNDER DIRECT TAXES VIVA D SE VISHWAS ACT, 2020. IT IS FURTHER STATED THAT THE ASSESSEE HAS F ILED FORM NO.1 & 2 FOR THE APPEAL FILED BY THE ASSESSEE AND HE HAS ALS O RECEIVED FORM ITA NO.138/BANG/2020 MUNIYAPPA REDDY RAGAVAN DEENADAYALAN, BENGALURU PAGE 2 OF 2 NO.3. ACCORDINGLY IT IS SUBMITTED THAT SUITABLE OR DER MAY BE PASSED BY THE TRIBUNAL. 3. I HEARD LD D.R. SINCE THE ISSUES CONTESTED I N THE APPEAL OF THE ASSESSEE HAVE BEEN SETTLED UNDER THE DIRECT TAXES V IVAD SE VISHWAS ACT, 2020, I DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN. HOWEVER, I GIVE LIBERTY TO THE ASSESSEE TO SEEK REC ALL OF THIS ORDER IN ACCORDANCE WITH LAW, IF THE CIRCUMSTANCES SO WARRAN T. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 29 TH MAR, 2021. SD/- (B.R. BASKARAN) ACCOUNTANT MEMBER BANGALORE, DATED 29 TH MAR, 2021. 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.