M/s. Eurofins Advinus Limited (formerly Advinus Therapeutics Limited), Bengaluru V. The Deputy Commissioner Of Income Tax, Circle- 6(1)(2), Bangalore

ITA 2497/BANG/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 5550 (ITAT-BANGALORE)
• Duration Of Justice: 9 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-10-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 28-09-2020
• Assessment Year: 2008-2009
• Appeal Filed On: 09-12-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S SUNDAR RAJAN
• Assessee Lawyers: SUDHEENDRA B R

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH : BANGALORE BEFORE SHRI. B. R. BASKARAN, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA NO.2497/BANG/2019 ASSESSMENT YEAR : 2008 09 M/S EUROFINS ADVINUS LTD., (FORMERLY KNOWN AS ADVINUS THERAPEUTICS LTD.,), NO.21 & 22, PHASE II, PEENYA INDUSTRIAL AREA, PEENYA, BENGALURU-560 058. PAN AAFCA 2502 B VS. THE DY. COMMISSIONER OF INCOME-TAX, CIRCLE-6(1)(2), BENGALURU APPELLANT RESPONDENT APPELLANT BY : SHRI SUDHEENDRA B.R, C.A RESPONDENT BY : SHRI S SUNDAR RAJAN, ADDL. CIT (DR) DATE OF HEARING : 28-09-2020 DATE OF PRONOUNCEMENT : 06-10-2020 ORDER PER BEENA PILLAI, JUDICIAL MEMBER PRESENT APPEAL HAS BEEN FILED BY ASSESSEE AGAINST O RDER DATED 25/09/2019 PASSED BY LD.CIT(A)-3, BANGALURU F OR ASSESSMENT YEAR 2016-17. 2. A LETTER HAS BEEN FILED WITH REGISTRY ON 8/6/202 0 STATING THAT ASSESSEE HAS OPTED FOR VIVAD SE VISHWAS SCHEME , 2020. IT PAGE 2 OF 3 ITA NO.2497/BANG/2019 HAS BEEN SUBMITTED THAT ASSESSEE SEEKS WITHDRAWAL O F THE APPEAL. 3. LD.SR.DR DO NOT OBJECT TO THE SAME. 4. WE HAVE PERUSED SUBMISSIONS ADVANCES BY BOTH SID ES IN LIGHT OF RECORDS PLACED BEFORE US. 5. AS ASSESSEE HAS SOUGHT FOR VSVS- SCHEME 2020, NO PURPOSE WILL BE SERVED IN KEEPING THE PRESENT APPEAL PENDIN G. WE NOTE THAT ASSESSEE HAS YET NOT RECEIVED FORM 3 FROM THE DEPARTMENT. CONSIDERING THE SITUATION, WE DISMISS THE PRESENT A PPEAL AS WITHDRAWN. HOWEVER, LIBERTY IS GRANTED TO MOVE APPR OPRIATE APPLICATION FOR RECALL OF THIS ORDER, IN THE EVENT, FORM 1 FILED BY ASSESSEE IS NOT ACCEPTED BY REVENUE. IN THE RESULT, WITH ABOVE LIBERTY, WE DISMISS PRESE NT APPEAL AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 6 TH OCT, 2020 SD/- SD/- (B. R. BASKARAN) (BEENA PILLAI) ACCOUNTANT MEMBER JUDICIAL ME MBER BANGALORE, DATED, THE 6 TH OCT, 2020. /VMS/ COPY TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR, ITAT, BANGALORE PAGE 3 OF 3 ITA NO.2497/BANG/2019 DATE INITIAL 1. DRAFT DICTATED ON ON DRAGON SR.PS 2. DRAFT PLACED BEFORE AUTHOR -10-2020 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER -10-2020 JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. -10-2020 JM/AM 5. APPROVED DRAFT COMES TO THE SR.PS/PS -10-2020 SR.PS/PS 6. KEPT FOR PRONOUNCEMENT ON -10-2020 SR.PS 7. DATE OF UPLOADING THE ORDER ON WEBSITE -10-2020 SR.PS 8. IF NOT UPLOADED, FURNISH THE REASON -- SR.PS 9. FILE SENT TO THE BENCH CLERK -10-2020 SR.PS 10. DATE ON WHICH FILE GOES TO THE AR 11. DATE ON WHICH FILE GOES TO THE HEAD CLERK. 12. DATE OF DISPATCH OF ORDER. 13. DRAFT DICTATION SHEETS ARE ATTACHED NO SR.PS