M/s Nyayamitra Sahakara Bank Niyamitha , Bangalore V. The Assistant Commissioner of Income Tax Circle-2(1)(1), Bangalore

ITA 442/BANG/2018

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 2311 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 9 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-11-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2012-2013
• Appeal Filed On: 14-02-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R PREMI ADD L BENGALURU
• Assessee Lawyers: R CHANDRASHEKAR
• Section: 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND SHRI B R BAS KARAN , ACCOUNTANT MEMBER ITA NO S . 442 & 443 /BANG/2018 ASSESSMENT YEAR S : 2012 - 13 & 2013 - 14 NYAYAMITRA SAHAKARA BANK NIYAMITHA, BASEMENT FLOOR, HIGH COURT BUILDING, DR. AMBEDKAR VEEDHI, BENGALURU 560 001. PAN: AAAAN 6339E VS. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 2(2)(1), BENGALURU. APPELLANT RESPONDENT APPELLANT BY : SHRI R. CHANDRASH EKAR, ADVOCATE RES PONDENT BY : SMT. R. PREMI, ADD L. CIT(DR)(ITAT), BENGALURU. DATE OF HEARING : 26 . 1 1 .2020 DATE OF PRONOUNCEMENT : 26 . 1 1 .2020 O R D E R PER N.V. VASUDEVAN, VICE PRESIDENT THESE APPEALS BY THE ASSESSEE ARE AGAINST THE SE PARATE ORDERS DATED 14.12.2017 OF THE CIT(APPEALS)-1, BENGALURU F OR THE ASSESSMENT YEARS 2012-13 & 2013-14. 2. THE LD. COUNSEL FOR THE ASSESSEE DURING THE COU RSE OF HEARING SUBMITTED THAT ASSESSEE IS CONSIDERING TO OPT FOR V IVAD SE VISHWAS SCHEME ACT, 2020 [VSVS] BY FILING NECESSARY DECLAR ATION WITH REGARD TO THESE APPEALS. THE BENCH POINTED OUT THAT THE BAN GALORE BENCHES IN SUCH CASES IS DISMISSING THE APPEAL AS WITHDRAWN, W ITH LIBERTY TO SEEK RECALL OF THE ORDER, TO WHICH HE AGREED. ACCORDIN GLY, THE APPEALS ARE ITA NO.442 & 443/BANG/2018 PAGE 2 OF 2 DISMISSED AS WITHDRAWN. HOWEVER, THE ASSESSEE IS A T LIBERTY TO SEEK RECALL OF THIS ORDER IN THE EVENT OF COMPLETION OF FORMALI TIES UNDER THE VSVS. 3. IN THE RESULT, THE APPEALS BY THE ASSESSEE ARE D ISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON THIS 26 TH DAY OF NOVEMBER, 2020. SD/- SD/- ( B R BASKARAN ) ( N V VASUDEVAN ) ACCOUNTANT MEMBER VICE PRESIDENT BANGALORE, DATED, THE 26 TH NOVEMBER, 2020. / DESAI S MURTHY / COPY TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE. BY ORDER ASSISTANT REGISTRAR ITAT, BANGALORE.