M/s. Tyco Fire & Security India Private Limited, Bangalore V. Assistant Commissioner Of Income Tax, Circle- 7(1)(1), Bangalore

ITA 2571/BANG/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 7013 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 8 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-08-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 26-08-2021
• Assessment Year: 2015-2016
• Appeal Filed On: 19-12-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Rectification of order
• Section: 154; 143(3); 92CA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCHES B, BANGALORE BEFORE SHRI GEORGE GEORGE K, JM & SHRI B.R.BASKARAN, AM IT(TP)A NO.2571/BANG/2019 : ASST.YEAR 2015-2016 M/S.TYCO FIRE & SECURITY INDIA PRIVATE LIMITED, D-601, RMZ CENTENNIAL, KUNDALAHALLI MAIN ROAD, BANGALORE 560 048. PAN : AABCT0087C. V. THE ASST.COMMISSIONER OF INCOME-TAX, CIRCLE 7(1)(1) BANGALORE. (APPELLANT) (RESPONDENT) APPELLANT BY : SRI.KEERTHI NARAYANAN, CA RESPONDENT BY : SRI.MUZAFFAR HUSSAIN, CIT-DR DATE OF HEARING : 26.08.2021 DATE OF PRONOUNCEMENT : 26.08.2021 O R D E R PER GEORGE GEORGE K, JM THIS APPEAL AT THE INSTANCE OF THE ASSESSEE IS DIRECTED AGAINST FINAL ASSESSMENT ORDER PASSED U/S 143(3) R.W.S. 92CA R.W.S.144C(13) OF THE I.T.ACT, DATED 21.10.2019, AND RECTIFICATION ORDER PASSED U/S 154 R.W.S. 143(3) OF THE I.T.ACT, DATED 05.12.2019. THE RELEVANT ASSESSMENT YEAR IS 2015- 2016. 2. AT THE TIME OF HEARING BEFORE US, THE LEARNED COUNSEL FOR THE ASSESSEE SUBMITTED THAT THE ASSESSEE HAD OPTED TO RESOLVE THE DISPUTE RAISED IN THIS APPEAL UNDER THE PROVISIONS OF DIRECT TAX VIVAD SE VISHWAS ACT, 2020. HE, THEREFORE, PRAYED THAT THE APPEAL MAY BE TREATED AS WITHDRAWN. IN VIEW OF THE SUBMISSION MADE BY THE LEARNED COUNSEL FOR THE ASSESSEE, WE DISMISS THE APPEAL FILED BY THE ASSESSEE AS WITHDRAWN. IT(TP)A NO.2571/BANG/2019. M/S.TYCO FIRE & SECURITY INDIA PVT.LTD. 2 3. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED ON THIS 26 TH DAY OF AUGUST, 2021 . SD/- SD/- ( B.R.BASKARAN ) ( GEORGE GEORGE K ) ACCOUNTANT MEMBER JUDICIAL MEMBER BANGALORE; DATED : 26 TH AUGUST, 2021. DEVADAS G* COPY TO : 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE DRP-2, BANGALORE 4. THE PR.CIT-7, BANGALORE. 5. THE DR, ITAT, BENGALURU. 6. GUARD FILE. ASST.REGISTRAR/ITAT, BANGALORE