M/s. Tyco Safety Product (India) Private Limited, Bangalore V. Income Tax Officer, Ward- 7(1)(1), Bangalore

ITA 2583/BANG/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 2228 (ITAT-BANGALORE)
• Duration Of Justice: 11 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 03-12-2020
• Assessment Year: 2015-2016
• Appeal Filed On: 20-12-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: KEERTHI NARAYAN
• Section: 254(2)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH : BANGALORE BEFORE SHRI. CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER , JUDICIAL MEMB ER IT (TP) A NO. 2 583 /BANG/20 1 9 ASSESSMENT YEAR : 2015-16 M/S. TYCO SAFETY PRODUCTS (INDIA) PVT. LTD., C-602, CAMPUS D, RMZ, CENTENNIAL, KUNDALAHALLI MAIN ROAD, BANGALORE 560 048. PAN : A A ECT 1985 A VS. THE INCOME TAX OFFICER, WARD 7(1)(1), BANGALORE. APPELLANT RESPONDENT ASSESSEE BY : S HRI . KEERTHI NARAYAN , C A REVENUE BY : SHRI. MUZAFFAR HUSSAIN, CIT (DR)(ITAT), BENGALURU DATE OF HEARING : 0 3 . 1 2 .2020 DATE OF PRONOUNCEMENT : 03 . 1 2 .2020 O R D E R PER CHANDRA POOJARI, ACCOUNTANT MEMBER: THIS APPEAL IS BY THE ASSESSEE AGAINST THE ASSESSMENT ORDER DATED 23.10.2019. 2. AT THE TIME OF HEARING, THE LEARNED AR OF THE ASSESSEE SUBMITTED THAT ASSESSEE IS OPTING FOR VIVAD SE VISHWAS SCHEME, 2020. LEARNED AR OF THE ASSESSEE SUBMITTED THAT UNDER THESE FACTS THE APPEAL OF THE ASSESSEE MAY BE DISMISSED AND WITHDRAWN AND LIBERTY MAY BE GRANTED TO THE ASSESSEE TO APPROACH THIS TRIBUNAL FOR RECALL OF THIS ORDER UNDER SECTION 254(2) OF THE ACT IN CASE THE ASSESSEE FINALLY OPTS OUT OF VIVAD SE VISHWAS SCHEME, 2020. LEARNED DR OF THE REVENUE HAS NO OBJECTION ON THE PROPOSITION. IT(TP)A NO.2583/BANG/2019 PAGE 2 OF 2 3. IN VIEW OF ABOVE DISCUSSIONS, WE DISMISS THE APPEAL AS WITHDRAWN AND GRANT LIBERTY TO THE ASSESSEE TO APPROACH THIS TRIBUNAL FOR RECALL OF THIS TRIBUNAL ORDER UNDER SECTION 254(2) OF THE ACT IN CASE THE ASSESSEE FINALLY OPTS OUT OF VIVAD SE VISHWAS SCHEME, 2020, FOR ANY REASON IN ACCORDANCE WITH LAW. 4. IN THE RESULT, ASSESSEES APPEAL IS DISMISSED. PRONOUNCED IN THE OPEN COURT ON THE DATE MENTIONED ON THE CAPTION PAGE. SD/- SD/- (BEENA PILLAI) (CHANDRA POOJARI) JUDICIAL MEMBER ACCOUNTANT MEMBER BANGALORE, DATED: 03.12. 2020. /NS/* COPY TO: 1. APPELLANTS 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR, ITAT, BANGALORE.