M/s Novo Nordisk India Private Limited , Bangalore V. Deputy Commissioner of Income Tax Circle-5(1)(1), Bangalore

ITA 2715/BANG/2018

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 9739 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 9 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-07-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 06-07-2020
• Assessment Year: 2014-2015
• Appeal Filed On: 28-09-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3); 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCHES C BENCH: BANGALORE BEFORE SHRI A.K. GARODIA , ACCOUNTANT MEMBER AND SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER IT (TP) A NO. 2715 /BANG/2018 (ASSESSMENT YEAR : 201 4 - 15 ) M/S. NOVO NORDISK INDIA PVT. LTD., PLOT NO.32, 47 - 50, EPIP AREA, WHITEFIELD, BANGALORE - 560 006 .APPELLANT PAN AAACN 7425M VS. DY . COMMISSIONER OF INCOME TAX, CIRCLE 5(1)(1), BANGALORE. RESPONDENT. ASSESSEE BY: SHRI CHAVALI NARAYAN, C.A. REVENUE BY: SHRI PRADEEP KUMAR, CIT (D.R) DATE OF HEARING : 06.07 .20 20 DATE OF PRONOUNCEMENT : 07 .07 .20 20 O R D E R PER SHRI PAVAN KUMA R GADALE, JM : THE ASSESSEE HAS FILED AN APPEAL AGAINST THE ASSESSMENT ORDER PASSED U/S . 143(3) R.W.S. 144C(13) OF THE INCOME TAX ACT, 1961 (THE ACT) DT.30.07.2018 IN PURSUANCE TO THE DIRECTIONS OF DISPUTE RESOLUTION PANEL UNDER SECTION 144C(5) OF THE ACT DT. 26.06.2018 . 2 IT (TP) A NO. 2715/BANG/2018 2 . WE FOUND THE LEARNED AUTHORIZED REPRESENTATIVE OF THE ASSESSEE, HAS SENT A LETTER FOR WITHDRAWAL OF APPEAL PURSUANT TO SIGNING OF APA THROUGH E - MAIL DT. 4.7.2020, IN VIEW OF THE ASSESSEE ENTERING INTO BILATERAL AS WELL AS UNILATERA L ADVANCE PRICING AGREEMENT (APA) WITH THE CBDT ON 26.06.2020, THE COPY OF THE LETTER IS EXTRACTED AS UNDER : 3 IT (TP) A NO. 2715/BANG/2018 CONTRA, THE LEARNED DEPARTMENTAL R EPRESENTATIVE HAS NO OBJECTION FOR THE WITHDRAWAL OF THE APPEAL. 3. WE HEARD THE RIVAL SUBMISS IONS AND PERUSED THE MATERIAL ON RECORD. IN VIEW OF SUBMISSION OF E - MAIL LETTER DT.4.7.2020 FOR WITHDRAWAL OF APPEAL BY THE ASSESSEE, THE APPEAL IS TREATED AS WITHDRAWN AND DISMISSED. 4 IT (TP) A NO. 2715/BANG/2018 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED. PRONO UNCED IN THE OPEN COURT ON THE DATE MENTIONED ON THE CAPTION PAGE. SD/ - SD/ - ( A.K. GARODIA ) (PAVAN KUMAR GADALE) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 07 .07 . 20 20 . *REDDY GP COPY TO 1. THE APPEL LANT 2. THE RESPONDENT 3. CIT (APPEALS) 4. PRIN. CIT 5. DR, ITAT 6. GUARD FILE. BY ORDER ASSISTANT REGISTRAR INCOME - TAX APPELLATE TRIBUNAL BANGALORE