Balaji Real Estate Ventures Private Limited, Chennai V. Deputy Commissioner Of Income Tax, Circle- 1(1)(2), Bangalore

ITA 1773/BANG/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 7080 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 7 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 07-04-2021
• Assessment Year: 2016-2017
• Appeal Filed On: 14-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: GANESH B.GHALE
• Section: 20

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL SMC - B BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER ITA NO.1773/BANG/2019 ASSESSMENT YEAR: 20 1 6 - 1 7 M/S. BALAJI REAL ESTATE VENTURES PVT. LTD., NO.7, RAJIV GANDHI SALAI (OMR), SHOLINGANALLUR, CHENNAI 600 119. PAN NO : AADCB 7627 A VS. DCIT, CIRCLE -1(1)(2) BENGALURU. APPELL ANT RESPONDENT A PPELLANT BY : SHRI. PRANAV KRISHNA , A DVOCATE RESPONDENT BY : SHRI. GANESH B. GHALE , STANDING COUNSEL DATE OF HEARING : 0 7 . 04 .20 2 1 DATE OF PRONOUNCEMENT : 07 . 04 .20 2 1 O R D E R THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF CIT(A)-1, BENGALURU DATED 17.06.2019 FOR THE ASSESSMENT YEAR 2016-17. 2. AT THE TIME OF HEARING, THE LD A.R SUBMITTED THAT THE ASSESSEE HAS FILED APPLICATION UNDER THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 AND HAS FILED FORM 1 AND 2. LEARNED DEPARTMENTAL REPRESENTATIVE HAS NO OBJECTION. 3. I HAVE HEARD THE RIVAL CONTENTIONS AND PERUSED THE MATERIAL ON RECORD. THE ASSESSEE HAS OPTED FOR VIVAD SE VISHWAS SCHEME, 2020. SINCE THE ASSESSEE HAS ALREADY FILED THE NECESSARY APPLICATION BEFORE THE TAX AUTHORITIES UNDER THE ABOVE SAID SCHEME, I AM OF THE VIEW THAT NO PURPOSE WILL BE SERVED IN KEEPING THIS APPEAL PENDING. ACCORDINGLY, APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ITA NO.1773/BANG/2019 PAGE 2 OF 2 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON THE DATE MENTIONED ON THE CAPTION PAGE. SD/- SD/- SD/- (BEENA PILLAI) JUDICIAL MEMBER SD/- (CHANDRA POOJARI) ACCOUNTANT MEMBER BANGALORE, DATED : 7 TH APRIL 2021 NS* 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.