Srikant Parasrampuria , Bellary V. The Deputy Commissioner of Income TAx Central Circle-2(3), Bangalore

ITA 1729/BANG/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 2558 (ITAT-BANGALORE)
• Duration Of Justice: 3 year(s) 9 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 28-04-2021
• Assessment Year: 2011-2012
• Appeal Filed On: 28-08-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 22

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : BANGALORE BEFORE SHRI.B.R BASKARAN, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA NOS.1729 & 1730/BANG/2017 ASSESSMENT YEAR : 2011-12 SHRI SRIKANTH PARASRAMPURIA, SHRI RAMESH PARASRAMPURIA, NO.16/10, PARASHRAMPURIA COMPLEX, SUDARSHAN LODGE, BENGALURU ROAD, BELLARY-584 202. PAN AEPPP 6642 A VS. THE DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(3), BENGALURU. APPELLANT RESPONDENT ASSESSEE BY : SMT. SUMAN LUNKAR, C.A REVENUE BY : SHRI PRADEEP KUMAR, CIT (DR) DATE OF HEARING : 28-04-2021 DATE OF PRONOUNCEMENT : 22-06-2021 ORDER PER BEENA PILLAI, JUDICIAL MEMBER PRESENT APPEAL BY THE ASSESSEE HAS BEEN FILED BY AS SESSEE AGAINST ORDER DATED 25/5/2017 PASSED BY CIT(A)-11, BENAGALURU FOR ASSESSMENT YEAR 2011-12. 2. THE ASSESSEE HAS FILED A LETTER STATING THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE IN ITS APPEAL UNDER DIR ECT TAXES VIVAD SE VISHWAS ACT, 2020. IT IS FURTHER STATED THAT TH E ASSESSEE HAS PAGE 2 OF 3 ITA NO.1729 & 1730/BANG/2017 FILED FORM NO.1&2 IN ITA NO.1729/BANG/2017 AND FORM NO.3 RECEIVED IN ITA NO.1730/BANG/2017. ACCORDINGLY IT IS SUBMITTED THAT APPEAL OF THE ASSESSEE MAY BE DISMISSED AS WIT HDRAWN. 3. WE HEARD LD D.R, WHO DID NOT OBJECT TO THE PR AYER OF THE ASSESSEE. SINCE THE ISSUES CONTESTED IN THE APPEAL OF THE ASSESSEE HAVE BEEN SETTLED UNDER THE DIRECT TAXES V IVAD SE VISHWAS ACT, 2010, WE DISMISS THE APPEAL OF THE ASS ESSEE AS WITHDRAWN. HOWEVER, WE GIVE LIBERTY TO THE ASSESSE E TO SEEK RECALL OF THIS ORDER IN ACCORDANCE WITH LAW, IF THE CIRCUMSTANCES SO WARRANT. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 22 ND JUNE, 2021 SD/- SD/- (BR BASKARAN) (BEENA PILLAI) ACCOUNTANT MEMBER JUDICIAL ME MBER BANGALORE, DATED, THE 22 ND JUNE, 2021 /VMS/ COPY TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR, ITAT, BANGALORE PAGE 3 OF 3 ITA NO.1729 & 1730/BANG/2017 DATE INITIAL 1. DRAFT DICTATED ON ON DRAGON SR.PS 2. DRAFT PLACED BEFORE AUTHOR -6-2021 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER -6-2021 JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. -6-2021 JM/AM 5. APPROVED DRAFT COMES TO THE SR.PS/PS -6-2021 SR.PS/PS 6. KEPT FOR PRONOUNCEMENT ON -6-2021 SR.PS 7. DATE OF UPLOADING THE ORDER ON WEBSITE -6-2021 SR.PS 8. IF NOT UPLOADED, FURNISH THE REASON -- SR.PS 9. FILE SENT TO THE BENCH CLERK -6-2021 SR.PS 10. DATE ON WHICH FILE GOES TO THE AR 11. DATE ON WHICH FILE GOES TO THE HEAD CLERK. 12. DATE OF DISPATCH OF ORDER. 13. DRAFT DICTATION SHEETS ARE ATTACHED NO SR.PS