Yodlee Infotech Private Limited , Bangalore V. Deputy Commissioner of Income TAx Circle-7(1)(2), Bangalore

ITA 2147/BANG/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 4079 (ITAT-BANGALORE)
• Duration Of Justice: 3 year(s) 3 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 15-02-2021
• Assessment Year: 2013-2014
• Appeal Filed On: 09-11-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: KEERTHI NARAYANAN
• Section: 143(3)

Judgement Text

IT(TP)A NO.2147/BANG/2017 YODLEE INFOTECH PVT. LTD., BANGALORE IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH: BANGALORE BEFORE SHRI B. R. BASKARAN, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER IT(TP)A NO.2147/BANG/2017 ASSESSMENT YEAR: 2013-14 YODLEE INFOTECH PVT. LTD. PRESTIGE TECHNOLOGY PARK MERCURY 2(B) BLOCK, 1 ST FLOOR SARJAPUR, MARATHAHALLI, RING ROAD BANGALORE-560 087 PAN NO :AAACY1273E VS. DEPUTY COMMISSIONER OF INCOME-TAX CIRCLE-7(1)(2) BANGALORE APPELLANT RESPONDENT APPELLANT BY : SHRI KEERTHI NARAYANAN, A.R. RESPONDENT BY : MS. NEERA MALHOTRA, D.R. DATE OF HEARING : 15.02.2021 DATE OF PRONOUNCEMENT : 15.02.2021 O R D E R PERB.R. BASKARAN, ACCOUNTANT MEMBER: THE ASSESSEE HAS FILED THIS APPEAL CHALLENGING THE ASSESSMENT ORDER DATED 27.9.2017 PASSED BY THE A.O. FOR ASSESS MENT YEAR 2013-14 U/S 143(3) R.W.S. 144C(13) OF THE INCOME-TA X ACT,1961 ['THE ACT' FOR SHORT] IN PURSUANCE OF DIRECTIONS ISSUED B Y LD. DISPUTE RESOLUTION PANEL (DRP). 2. AT THE TIME OF HEARING, THE LD. A.R. FURNISHED A LETTER STATING THAT THE ISSUES CONTESTED IN THE PRESENT APPEAL FIL ED BY THE ASSESSEE IS COVERED BY ADVANCE PRICING AGREEMENT (APA) ENTER ED BY THE IT(TP)A NO.2147/BANG/2017 YODLEE INFOTECH PVT. LTD., BANGALORE PAGE 2 OF 2 ASSESSEE ON 17.12.2020 AND THE ROLL BACK PROVISION PRESCRIBED IN RULE 10RA(4) OF THE I.T. RULES. ACCORDINGLY, IT WA S STATED THAT ASSESSEE IS SEEKING TO WITHDRAW THE PRESENT APPEAL. 3. WE HEARD LD. D.R. ON THIS ISSUE. HAVING REGARD TO THE SUBMISSIONS MADE BY THE ASSESSEE, WE ALLOW THE ASSE SSEE TO WITHDRAW THE APPEAL. 4. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 15 TH FEB, 2021 SD/- (BEENA PILLAI) JUDICIAL MEMBER SD/- (B.R. BASKARAN) ACCOUNTANT MEMBER BANGALORE, DATED 15 TH FEB, 2021. 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.