M/s. Shimoga District Co-operative Central Bank Limited, Shimoga V. Deputy Commissioner Of Income Tax, Circle-1, Shimoga

ITA 478/BANG/2020

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 7143 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 2 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-09-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 30-08-2021
• Assessment Year: 2007-2008
• Appeal Filed On: 08-06-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PRIYADARSHI MISHRA
• Section: 201

Judgement Text

ITA NO.478/BANG/2020 M/S. SHIMOGA DISTRICT CO-OPERATIVE CENTRAL BANK LTD., SHIMOGA IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: BANGALORE BEFORE SHRI B . R . BASKARAN , ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA NO.478/BANG/2020 ASSESSMENT YEAR: 2007-08 M/S. SHIMOGA DISTRICT CO- OPERATIVE CENTRAL BANK LTD. P.B. NO.62, SHIMOGA DCC BANK BUILDING H.P.O. BALARAJ URS ROAD DISTRICT SHIMOGA 577 201 PAN NO : AABTS2483A VS. DEPUTY COMMISSIONER OF INCOME-TAX CIRCLE-1 SHIMOGA APPELL ANT RESPONDENT APPELLANT BY : SHRI BHARATH L., A.R. RESPONDENT BY : SHRI PRIYADARSHI MISHRA, D.R. DATE OF HEARING : 30.08.2021 DATE OF PRONOUNCEMENT : 03.09.2021 O R D E R PER BEENA PILLAI, JUDICIAL MEMBER: THE ASSESSEE HAS FILED THIS APPEAL CHALLENGING THE ORDER DATED 07.02.2020 PASSED BY LD CIT(A), DAVANGERE AND IT RE LATES TO THE ASSESSMENT YEAR 2007-08. 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. THE LD A .R SUBMITTED ITA NO.478/BANG/2020 M/S. SHIMOGA DISTRICT CO-OPERATIVE CENTRAL BANK LTD., SHIMOGA PAGE 2 OF 3 THAT THE ASSESSEE IS AWAITING FORM NO.5. ACCORDING LY THE LD A.R 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 DIRE CT TAX VIVAD SE VISHWAS ACT, 2020, WE ARE OF THE VIEW THAT NO PURPO SE WILL BE SERVED IN KEEPING THIS APPEAL PENDING. ACCORDINGLY WE DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN. HOWEVER, THE A SSESSEE IS GIVEN LIBERTY TO MOVE APPROPRIATE APPLICATION FOR RECALL OF THE PRESENT ORDER IN ACCORDANCE WITH THE LAW, IF THE ASSESSEE I NTENDS TO DO SO. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE I S DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 3 RD SEPT, 2021 SD/ - (B.R. BASKARAN) ACCOUNTANT MEMBER SD/ - (BEENA PILLAI) JUDICIAL MEMBER BANGALORE, DATED 3 RD SEPT, 2021. VG/SPS ITA NO.478/BANG/2020 M/S. SHIMOGA DISTRICT CO-OPERATIVE CENTRAL BANK LTD., SHIMOGA PAGE 3 OF 3 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.