M/s Sptagiri Constructions , Hubli V. Assistant Commissioner of Income Tax Circle-3(1), Hubli

ITA 1771/BANG/2018

• Counselvise Citation: [2020] 109 COUNSELVISE.COM (IT) 9928 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 7 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 25-01-2021
• Assessment Year: 2013-2014
• Appeal Filed On: 24-05-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PRIYADARSHI MISHRA

Judgement Text

ITA NO.1771/BANG/2018 M/S. SAPTAGIRI CONSTRUCTIONS, HUBLI IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: BANGALORE BEFORE SHRI GEORGE GEORGE K., JUDICIAL MEMBER AND SHRI B.R. BASKARAN, ACCOUNTANT MEMBER ITA NO.1771/BANG/2018 ASSESSMENT YEAR: 2013-14 M/S. SAPTAGIRI CONSTRUCTIONS NO.2, KALBURGI PLAZA DESHPANDE NAGAR HUBLI 580 029 PAN NO : ABIPS9161M VS. ACIT CIRCLE-3(1) HUBLI APPELLANT RESPONDENT APPELLANT BY : SHRI PRANAV KRISHNA, A.R. RESPONDENT BY : SHRI PRIYADARSHI MISHRA, D.R. DATE OF HEARING : 31.12.2020 DATE OF PRONOUNCEMENT : 31.12.2020 O R D E R PER B.R. BASKARAN, ACCOUNTANT MEMBER: THE ASSESSEE HAS FILED THIS APPEAL CHALLENGING THE ORDER DATED 07.03.2018 PASSED BY LD CIT(A), HUBBALI FOR THE ASS ESSMENT YEAR 2013-14. 2. THE LD A.R OF THE ASSESSEE NAMED HAS FILED A LETTER STATING THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE IN ITS APPEAL UNDER DIRECT TAXES VIVAD SE VISHWAS ACT, 2020. IT IS FURTHER ST ATED THAT THE ASSESSEE HAS FILED FORM NO.1 & 2 FOR THE APPEAL FIL ED BY THE ASSESSEE AND IT HAS ALSO RECEIVED FORM NO.3. ACCORDINGLY IT IS SUBMITTED THAT APPEAL OF THE ASSESSEE MAY BE DISMISSED AS WITHDRAW N. ITA NO.1771/BANG/2018 M/S. SAPTAGIRI CONSTRUCTIONS, HUBLI PAGE 2 OF 2 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 ASS ESSEE HAVE BEEN SETTLED UNDER THE DIRECT TAXES VIVAD SE VISHWAS ACT , 2010, WE DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN. H OWEVER, WE GIVE LIBERTY TO THE ASSESSEE TO SEEK RECALL OF THIS ORDE R IN ACCORDANCE WITH LAW, IF THE CIRCUMSTANCES SO WARRANT. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 31 ST DEC, 2020 SD/- (GEORGE GEORGE K. ) JUDICIAL MEMBER SD/- (B.R. BASKARAN) ACCOUNTANT MEMBER BANGALORE, DATED 31 ST 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.