Bharat G Mehta (HUF) , Bangalore V. The Income Tax Officer Ward-5(2)(3), Bangalore

ITA 3219/BANG/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 6329 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 4 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2014-2015
• Appeal Filed On: 30-11-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PRIYADARSHI MISHRA

Judgement Text

ITA NO.3219/BANG/2018 BHARAT G. MEHTA (HUF), BENGALURU IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND SHRI B.R. BASKARAN, ACCOUNTANT MEMBER ITA NO.3219/BANG/2018 ASSESSMENT YEAR : 2014-15 BHARAT G. MEHTA (HUF) NO.17, AJAY ARCADE VANIVILAS NORTH ROAD BASAVANAGUDI BENGALURU 560 004 PAN NO : AAFHB7931J VS. ITO WARD-5(2)(3) BENGALURU APPELLANT RESPONDENT APPELLANT BY : SHRI SHIVA PRASAD REDDY, A.R. RESPONDENT BY : SHRI PRIYADARSHI MISHRA, D.R. DATE OF HEARING : 20.04.2021 DATE OF PRONOUNCEMENT : 20.04.2021 O R D E R PER B.R. BASKARAN, ACCOUNTANT MEMBER: THE ASSESSEE HAS FILED THIS APPEAL CHALLENGING THE ORDER DATED 01.09.2017 PASSED BY THE ASSESSING OFFICER FOR THE ASSESSMENT YEAR 2014-15 IN PURSUANCE OF DIRECTIONS GIVEN BY LD. DIS PUTE RESOLUTION PANEL. 2. THE LD COUNSEL FOR THE ASSESSEE HAS FURNISH ED A LETTER STATING THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE U NDER DIRECT TAX VIVAD SE VISHWAS ACT FOR SETTLEMENT OF THE DISPUTE BY FILING FORM NO.1 & 2 AND HAS ALSO RECEIVED FORM NO.3. ACCORDINGLY T HE LD A.R ITA NO.3219/BANG/2018 BHARAT G. MEHTA (HUF), BENGALURU PAGE 2 OF 2 SUBMITTED THAT THE ASSESSEE WISHES TO WITHDRAW THE APPEAL. THE LD A.R SUBMITTED THAT THE ASSESSEE MAY BE GIVEN LIBERT Y TO SEEK RECALL OF THE ORDER, IF SOMETHING GOES WRONG. 3. THE LD D.R DID NOT OBJECT TO THE PRAYER MADE B Y THE ASSESSEE. 4. WE HEARD THE PARTIES AND PERUSED THE RECORD. SINCE THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE UNDER DIRECT TAX VI VAD SE VISHWAS ACT, 2020, WE ARE OF THE VIEW THAT NO PURPOSE WILL BE SERVED IN KEEPING THIS APPEAL PENDING. ACCORDINGLY WE DISMISS THE AP PEAL OF THE ASSESSEE AS WITHDRAWN. HOWEVER, THE ASSESSEE IS GIV EN LIBERTY TO MOVE APPROPRIATE APPLICATION FOR RECALL OF THE PRES ENT ORDER IN ACCORDANCE WITH THE LAW, IF THE ASSESSEE INTENDS TO DO SO. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE I S DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 20 TH APR, 2021. SD/- (N.V. VASUDEVAN ) VICE PRESIDENT SD/- (B.R. BASKARAN) ACCOUNTANT MEMBER BANGALORE, DATED 20 TH APR, 2021. VG/SPS COPY TO: 1. THE APPLICANT 2. THE RESPONDENT 3. THE CIT 4. THE CIT(A) 5. THE DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASST. REGISTRAR, ITAT, BANGALORE.