M/s. Virgo Communications and Exhibitions Private Limited, Bangalore V. Assistant Commissioner Of Income Tax,Circle- 7(1)(2), Bangalore

ITA 490/BANG/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 7761 (ITAT-BANGALORE)
• Duration Of Justice: 9 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 21-01-2021
• Assessment Year: 2016-2017
• Appeal Filed On: 12-06-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: PADAMCHAND KHINCHA
• Section: 20

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA NO.490/BANG/2020 ASSESSMENT YEAR: 20 1 6 - 1 7 M/S. VIRGO COMMUNICATIONS AND EXHIBITIONS PVT. LTD., 250, AMARJOTI LAYOUT, DOMLUR EXTENSION, BENGALURU-560 071. PAN NO : AA C C V 8284 G VS. ACIT, CIRCLE -7(1)(2) BANGALORE. APPELLANT RESPONDENT APPELLANT BY : SHRI. PADAMCHAND KHINCHA, CA RE SPONDENT BY : SHRI. MUZAFFAR HUSSAIN, CIT(DR)(ITAT) DATE OF H EARING : 0 1 . 04 .20 2 1 DATE OF PRONOUNCEMENT : 01 . 04 .20 2 1 O R D E R PER CHANDRA POOJARI, ACCOUNTANT MEMBER: THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF CIT(A)-7, BENGALURU DATED 31.1.2020 FOR THE ASSESSMENT YEAR 2016-17. 2. AT THE TIME OF HEARING, THE LD A.R SUBMITTED THAT THE ASSESSEE HAS FILED APPLICATION UNDER THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 AND HAS OBTAINED FORM 3 CERTIFICATE CONTAINING PARTICULARS OF TAX ARREARS AND THE AMOUNT PAYABLE IN FORM 3 FROM THE INCOME TAX DEPARTMENT. LEARNED DEPARTMENTAL REPRESENTATIVE HAS NO OBJECTION. 3. WE HEARD THE RIVAL CONTENTIONS AND PERUSED THE MATERIAL ON RECORD. THE ASSESSEE HAS OPTED FOR VIVAD SE VISHWAS SCHEME, 2020. SINCE THE ASSESSEE HAS ALREADY FILED THE NECESSARY APPLICATION BEFORE THE TAX AUTHORITIES UNDER THE ABOVE SAID SCHEME, WE ARE OF THE VIEW THAT NO PURPOSE WILL BE SERVED IN ITA NO.490/BANG/2020 PAGE 2 OF 2 KEEPING THIS APPEAL PENDING. ACCORDINGLY, WE DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON THE DATE MENTIONED ON THE CAPTION PAGE. SD/- SD/- SD/- (BEENA PILLAI) JUDICIAL MEMBER SD/- (CHANDRA POOJARI) ACCOUNTANT MEMBER BANGALORE, DATED : 1 ST APRIL 2021 NS* 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.