Deputy Commissioner of Income Tax(TDS), Circle2(1), Bangalore V. M/s. Novo Nordisk India Pvt. Ltd., Bangalore

ITA 321/BANG/2020

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5006 (ITAT-BANGALORE)
• Duration Of Justice: 11 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-02-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 23-02-2021
• Assessment Year: 2016-2017
• Appeal Filed On: 09-03-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: VANDANA SAGAR
• Assessee Lawyers: KEERTHI NARYANAN
• Section: 20

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCHES B BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SHRI GEORGE GEORGE K , JUDICIAL MEMBER ITA NO. 321 /BANG/20 20 (ASSESSMENT YEAR: 20 16 - 17 ) DY. COMMISSIONER OF INCOME TAX, CIRC LE 2(1), BANGALORE. .APPELLANT . VS. M/S. NOVO NORDISK INDIA PVT. LTD., PLOT NO.32, 47 - 50, EPIP AREA, WHITEFIELD, BANGALORE - 560 066 RESPONDENT. PAN AAATK 1305J ASSESSEE BY: SHRI KEERTHI NARYANAN, C.A. REVENUE BY: MRS. VANDANA SAGAR, CIT (D.R) DATE OF HEARING : 09.02 .20 2 1 . DATE OF PRONOUNCEMENT : 09 .02. 20 2 1 . O R D E R PER SHRI CH ANDRA POOJARI, A M : TH IS APPEAL FILED BY THE REVENUE IS DIRECTED AGAINST THE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS) - 13, BANGALORE DT.11.12.2019 FOR THE ASSESSMENT YEAR 2016 - 17. 2. AT THE OUTSET, THE LEARNED AUTHORISED REPRESENTA TIVE SUBMITTED VIDE LETTER DT.04.02.2021 THAT THE ASSESSEE HAS OPTED TO FILE AN APPLICATION UNDER THE VIVAD SE 2 ITA NO. 321/BANG/2020 VISHWAS ACT, 2020 AND RECEIVED FORM 3 DT.21.01.2021 ISSUED BY THE DEPARTMENT. ACCORDINGLY, LD. AR SUBMITTED THAT THE REVENUES APPEAL MAY BE DI SMISSED. 3. ON THE OTHER HAND, THE LEARNED DEPARTMENTAL REPRESENTATIVE SUBMITTED THAT THE ASSESSEE COULD INITIATE TO WITHDRAW THE PENDING APPEAL AFTER FILING THE FORM VSV1 AS PER VIVAD SE VISHWAS ACT, 2020. LD. DR SUBMITTED THAT THE FORM NO.3 DT.21. 01.2021 RECEIVED BY THE ASSESSEE AND SUBMITTED , ACCORDINGLY HE SUBMITTED THAT THE APPEAL OF THE REVENUE MAY BE DISMISSED AS WITHDRAWN . 4. WE HAVE HEARD BOTH THE PARTIES AND PERUSED THE MATERIAL ON RECORD. SINCE THE ASSESSEE OPTED FOR VIVAD SE VISH WAS ACT, 2020, TO SETTLE THE DISPUTE ON THE ISSUE INVOLVED IN THIS APPEAL AND RECEIVED FORM NO.3 DT.21.01.2021 . ACCORDINGLY, WE DISMISS THE APPEAL OF THE REVENUE AS WITHDRAWN. 5. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON THE DATE MENTIONED ON THE CAPTION PAGE. SD/ - SD/ - ( GEORGE GEORGE K ) ( CHANDRA POOJARI ) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 09 .02. 20 2 1 . *REDDY GP 3 ITA NO. 321/BANG/2020 COPY TO 1. THE A PPELLANT 2. THE RESPONDENT 3. CIT (A) 4. PR. CIT 5. DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR INCOME - TAX APPELLATE TRIBUNAL BANGALORE