M/s. Xchanging Solutions Limited, Bengaluru V. Deputy Commissioner Of Income Tax (International Taxation), Circle-2(2), Bengaluru

ITA 2068/BANG/2019

• Counselvise Citation: [2020] 109 COUNSELVISE.COM (IT) 9944 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 3 month(s) 4 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: 20-01-2021
• Assessment Year: 2010-2011
• Appeal Filed On: 26-09-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PRIYADARSHI MISHRA

Judgement Text

IT(IT)A NO.2068/BANG/2019 M/S. XCHANGING SOLUTIONS LIMITED, BENGALURU 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.2068/BANG/2019 ASSESSMENT YEAR: 2010-11 XCHANGING SOLUTIONS LIMITED ROOM NO.430, 4 TH FLOOR, BMTC BUILDING, 80 FT. ROAD KORAMANGALA BENGALURU PAN NO : AAFCS9303L VS. DEPUTY COMMISSIONER OF INCOME-TAX (IT) CIRCLE-2(2) BENGALURU APPELLANT RESPONDENT APPELLANT BY : SHRI MAHESH, 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 27.07.2019 PASSED BY LD CIT(A)-12, BENGALURU AND IT RELATES TO THE ASSESSMENT YEAR 2010-11. 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 THE A SSESSEE HAS FILED FORM NO.1 & 2 FOR THE APPEAL FILED BY THE ASSESSEE AND IT HAS ALSO IT(IT)A NO.2068/BANG/2019 M/S. XCHANGING SOLUTIONS LIMITED, BENGALURU PAGE 2 OF 2 RECEIVED FORM NO.3. ACCORDINGLY IT IS SUBMITTED TH AT APPEAL OF THE ASSESSEE MAY BE DISMISSED AS WITHDRAWN. 3.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ESSEE HAVE BEEN SETTLED UNDER THE DIRECT TAXES VIVAD SE VISHWAS ACT , 2010, WE DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN.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.