M/s. Fashionara Enterprises Private Limited (Under liquidation through Official Liquidator Sri. Prabhjit Singh Soni), New Delhi V. Deputy Commissioner Of Income Tax, Circle- 3(1)(1), Bangalore

ITA 189/BANG/2020

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 0667 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 10 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-01-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2015-2016
• Appeal Filed On: 06-02-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 250

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 No. 189/Bang/2020 Assessment Year : 2015-16 M/s. Fashionara Enterprises Pvt. Ltd. (through Liquidator Sri Prabhjit Singh Soni), GG-1/144-C, 3 rd floor, Near PVR Cinema, Vikaspuri, New Delhi – 110 018. PAN: AABCF8538N Vs. The Deputy Commissioner of Income Tax, Circle 3(1)(1), Bangalore. APPELLANT RESPONDENT Assessee by : Shri Narahari Navakanth, CA Revenue by : Shri Pradeep Kumar, CIT (DR) Date of Hearing : 28-12-2021 Date of Pronouncement : 03-01-2022 ORDER PER BEENA PILLAI, JUDICIAL MEMBER Present appeal by the assessee has been filed by assessee against the order dated 28/11/2019 passed by Ld.CIT(A)-3, Bangalore for assessment year 2015-16. 2. The Ld.AR submitted vide letter dated 23.12.2021 as under: “We wish to bring to your kind notice that against the order U/s 250 of the Income tax Act. 1961 by the CIT(Appeals),Bengaluru for the Assessment years 2015-16 we had filed an appeal before your Honcur on 07-02-2020 and the appellant M/s. FASHIONARA ENTERPRISES PRIVATE LIMITED having decided to avail the benefit of the Direct Tax Vivad se Vishwas Act. 2020 and in order to settle the pending income tax litigations under the provisions of Income Tax Act. 1961 Declarations in Form - Page 2 of 2 ITA No. 189/Bang/2020 1 & Undertakings in Form - 2 as required U/s. 4(5) of the Direct Tax Vivad Se Vishwas Act, 2020 has been filed by the appellant and currently awaiting for receipt of Form - 5 from the office of Principal Commissioner of Income Taxes, Bangalore. Attached herewith the form - 1, 2 & 3 (Annexure- 2) so filed/received by us for the same for your ready references.” 3. We heard Ld D.R, who did not object to the prayer of the assessee. Since the issues contested in the appeal of the assessee have been settled under the Direct Taxes Vivad Se Vishwas Act, 2020, we dismiss the appeal of the assessee as withdrawn. However, we give liberty to the assessee 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 03 rd January, 2022. Sd/- Sd/- (B.R. BASKARAN) (BEENA PILLAI) Accountant Member Judicial Member Bangalore, Dated, the 03 rd January, 2022. /MS / Copy to: 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR, ITAT, Bangalore 6. Guard file By order Assistant Registrar, ITAT, Bangalore