M/s. Nandi Constructions, Shivamogga V. Income Tax Officer, Ward-1, Shivamogga

ITA 3/BANG/2021

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 9712 (ITAT-BANGALORE)
• Duration Of Justice: 2 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2004-2005
• Appeal Filed On: 06-01-2021
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: CHAITANYA V MUDRABETTU

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCHES SMC-C, BANGALORE BEFORE SHRI GEORGE GEORGE K, JUDICIAL MEMBER ITA NO.3/BANG/2021 : ASST.YEAR 2004-2005 M/S.NANDI CONSTRUCTIONS BENAKA ARCADE, OPP:APMC GUEST HOUSE, SAGAR ROAD, SHIVAMOGGA 577 201. PAN : AAEFN7353F. V. THE INCOME TAX OFFICER WARD 1 SHIVAMOGGA. (APPELLANT) (RESPONDENT) APPELLANT BY : SRI.CHAITANYA V.MUDRABETTU, ADVOCATE RESPONDENT BY : SRI.GANESH R.GHALE, STANDING COUNSEL DATE OF HEARING : 18.03.2021 DATE OF PRONOUNCEMENT : 18.03.2021 O R D E R THIS APPEAL AT THE INSTANCE OF THE ASSESSEE IS DIRECTED AGAINST CIT(A)S ORDER DATED 30.01.2020. THE RELEVANT ASSESSMENT YEAR IS 2004-2005. 2. AT THE TIME OF HEARING BEFORE ME, THE LEARNED COUNSEL FOR THE ASSESSEE SUBMITTED THAT THE ASSESSEE IS OPTING TO SETTLE THE ISSUE UNDER DIRECT TAXES VIVAD SE VISHWAS ACT, 2020. THUS, I AM OF THE VIEW THAT NO PURPOSE WOULD BE SERVED IN KEEPING THE APPEAL PENDING, SINCE THE PRESENT APPEAL HAS TO BE WITHDRAWN BY THE ASSESSEE, ONCE THE DISPUTE IS SETTLED UNDER THE ABOVE SAID ACT. 3. ACCORDINGLY, I DISMISS THE APPEAL OF THE ASSESSEE. HOWEVER, LIBERTY IS GIVEN TO THE ASSESSEE TO SEEK RECALL OF THIS ORDER, IF IT SO WARRANTS. ITA NO.3/BANG/2021. M/S.NANDI CONSTRUCTIONS. 2 4. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED ON THIS 18 TH DAY OF MARCH, 2021 . SD/- ( GEORGE GEORGE K ) JUDICIAL MEMBER BANGALORE; DATED : 18 TH MARCH, 2021. DEVADAS G* COPY TO : 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE CIT(A), DAVANGERE 4. THE PR.CIT-6, BENGALURU. 5. THE DR, ITAT, BENGALURU. 6. GUARD FILE. ASST.REGISTRAR/ITAT, BANGALORE