M/s. SSJV-ZVS Joint Venture, Bangalore V. Assistant Commissioner Of Income Tax, Circle- 1(2)(1), Bangalore

ITA 2544/BANG/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6850 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 1 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2008-2009
• Appeal Filed On: 17-12-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PRIYADARSHI MISHRA

Judgement Text

ITA NO.2544/BANG/2019 M/S. SSJV-ZVS JOINT VENTURE, 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.2544/BANG/2019 ASSESSMENT YEAR: 2008-09 M/S. SSJV-ZVS JOINT VENTURE NO.25/2, 12 TH FLOOR, S.N. TOWERS M.G. ROAD BENGALURU-560 001 PAN NO : AAAJS3451K VS. ACIT CIRCLE-1(2)(1) BENGALURU APPELLANT RESPONDENT APPELLANT BY : SHRI PRANAV KRISHNA, A.R. RESPONDENT BY : SHRI PRIYADARSHI MISHRA, D.R. DATE OF HEARING : 28.01.2021 DATE OF PRONOUNCEMENT : 28.01.2021 O R D E R PER B.R. BASKARAN, ACCOUNTANT MEMBER: THE ASSESSEE HAS FILED THIS APPEAL CHALLENGING THE ORDER DATED 27.09.2019 PASSED BY LD CIT(A)-1, BENGALURU AND IT RELATES TO THE ASSESSMENT YEAR 2008-09. 2. THE LD A.R OF THE ASSESSEE HAS FILED A LETTE R STATING THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE IN ITS APP EAL AS WELL AS IN THE APPEAL FILED BY THE REVENUE UNDER DIRECT TAXES VIVA D SE VISHWAS ACT, 2020. IT IS FURTHER STATED THAT THE ASSESSEE HAS F ILED FORM NO.1 & 2 FOR THE APPEAL FILED BY THE ASSESSEE AND IT HAS ALS O RECEIVED FORM NO.3. ACCORDINGLY IT IS SUBMITTED THAT APPEAL OF T HE ASSESSEE MAY BE ITA NO.2544/BANG/2019 M/S. SSJV-ZVS JOINT VENTURE, BENGALURU PAGE 2 OF 2 DISMISSED AS WITHDRAWN WITH LIBERTY TO SEEK RECALL, IF THE CIRCUMSTANCES SO WARRANT. 3.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ESSEE HAVE BEEN SETTLED UNDER THE DIRECT TAXES VIVAD SE VISHWAS ACT , 2010, WE DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN.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 28 TH JAN, 2021 SD/- (GEORGE GEORGE K. ) JUDICIAL MEMBER SD/- (B.R. BASKARAN) ACCOUNTANT MEMBER BANGALORE, DATED 28 TH JAN, 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.