M/s Tyrolit India Superabrasive Tools Private Limited , Bangalore V. Joint Commissioner of Income Tax (OSD) Circle-7(1)(1), Bangalore

ITA 2695/BANG/2018

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 3262 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 1 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-11-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 10-11-2020
• Assessment Year: 2008-2009
• Appeal Filed On: 26-09-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: PRIYANKA JOSHI FROM PWC

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : BANGALORE BEFORE SHRI CHANDRA POOJARI , ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA NO.2695/BANG/2018 ASSESSMENT YEAR : 2008 09 M/S TYROLIT INDIA SUPERABRASIVE TOOLS PVT. LTD., NO.10/116, ADITYA AMOGH CHAMBERS, 3 RD FLOOR, DR. RAJKUMAR ROAD, 1 ST BLOCK, RAJAJINAGAR, BENGALURU-560 010. PAN AACCT 2032 Q VS. THE DY. COMMISSIONER OF INCOME TAX ODS, CIRCLE-7(1)(1), BENGALURU. APPELLANT RESPONDENT APPELLANT BY : MS. PRIYANKA JOSHI FROM PWC RESPONDENT BY : SHRI PRADEEP KUMAR, CIT (DR) DATE OF HEARING : 10-11-2020 DATE OF PRONOUNCEMENT : 10-11-2020 ORDER PER BEENA PILLAI, JUDICIAL MEMBER PRESENT APPEAL HAS BEEN FILED BY ASSESSEE AG AINST ORDER DATED 29/12/2017 PASSED BY LD.CIT(A), MYSURU FOR AS SESSMENT YEAR 2008-09. 2. AT THE OUTSET, LD.AR ORALLY SUBMITTED THAT ASSES SEE HAS DECIDED TO GO IN FOR VSVS 2020. IT IS ALSO BEEN SUB MITTED THAT ASSESSEE FILED FORM 1 IN RESPECT OF THESE APPEALS. HE HOWEVER PAGE 2 OF 3 ITA NO.2695/BANG/2018 FILED AN ADJOURNMENT APPLICATION SEEKING DATE TILL THAT RECEIVED FORM 3. 3. LD.SR.DR SUBMITTED THAT THE APPEAL MAY BE DISMIS S AS NO PURPOSE WILL BE SERVED BY KEEPING THE APPEALS PENDI NG. 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. CONSIDERING THE SITUATION, WE DISMISS THE PRESENT APPEAL AS WIT HDRAWN. HOWEVER, LIBERTY IS GRANTED TO MOVE APPROPRIATE APP LICATION FOR RECALL OF THIS ORDER, IN THE EVENT, ASSESSEE OPTS O UT OF THE SCHEME. ACCORDINGLY, ASSESSEES APPEALS FOR YEAR UNDER CONS IDERATION IS ALLOWED TO BE WITHDRAWN WITH LIBERTY. IN THE RESULT, ASSESSEES APPEAL IS DISMISSED AS WI THDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 10 TH NOV, 2020 SD/- SD/- (CHANDRA POOJARI) (BEENA PILLAI) ACCOUNTANT MEMBER JUDICIAL ME MBER BANGALORE, DATED, THE 10 TH NOV, 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.2695/BANG/2018 DATE INITIAL 1. DRAFT DICTATED ON ON DRAGON SR.PS 2. DRAFT PLACED BEFORE AUTHOR -11-2020 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER -11-2020 JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. -11-2020 JM/AM 5. APPROVED DRAFT COMES TO THE SR.PS/PS -11-2020 SR.PS/PS 6. KEPT FOR PRONOUNCEMENT ON -11-2020 SR.PS 7. DATE OF UPLOADING THE ORDER ON WEBSITE -11-2020 SR.PS 8. IF NOT UPLOADED, FURNISH THE REASON -- SR.PS 9. FILE SENT TO THE BENCH CLERK -11-2020 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