M/s Disha Power Corporation Pvt Ltd , Bangalore V. The Income Tax Officer Ward-2(1)(3), Bangalore

ITA 509/BANG/2018

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 5023 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 7 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-10-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2014-2015
• Appeal Filed On: 23-02-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S SUNDAR RAJAN
• Assessee Lawyers: V SRINIVASAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH : BANGALORE BEFORE SHRI. B.R. BASKARAN, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA NO.509/BANG/2018 ASSESSMENT YEAR : 2014 15 M/S DISHA POWER CORPORATIONS PVT. LTD., #37, 5 TH MAIN, KORAMANGALA, BENGALURU-560 095. PAN AACCD 4965A VS. THE INCOME TAX OFFICER, WARD-2(1)(3), BENGALURU. APPELLANT RESPONDENT APPELLANT BY : SHRI V SRINIVASAN, ADVOCATE RESPONDENT BY : SHRI S SUNDAR RAJAN, ADDL. CIT (DR) DATE OF HEARING : 01-10-2020 DATE OF PRONOUNCEMENT : 12 -10-2020 ORDER PER BEENA PILLAI, JUDICIAL MEMBER PRESENT APPEAL HAS BEEN FILED BY ASSES SEE AGAINST ORDER DATED 27/11/2017 PASSED BY LD.CIT(A)-2, BANGALORE, FOR ASSESSMENT YEAR 2014-15. 2. AT THE OUTSET, LD.AR ORALLY SUBMITTED THAT, ASSE SSEE HAS DECIDED TO GO IN FOR VSVS 2020. HE ACCORDINGLY SUBM ITTED THAT, APPEALS FILED BY ASSESSE FOR ASSESSMENT YEARS UNDER CONSIDERATION, MAY BE ALLOWED TO BE WITHDRAWN WITH LIBERTY. PAGE 2 OF 3 ITA NO.509/BANG/2018 3. LD.SR.DR DO NOT OBJECT TO THE SAME. 4. WE HAVE PERUSED SUBMISSIONS ADVANCES BY BOTH SID ES IN LIGHT OF RECORDS PLACED BEFORE US. 5. AS ASSESSEE HAS SOUGHT FOR VSVS- SCHEME 2020, NO PURPOSE WILL BE SERVED IN KEEPING THE PRESENT APPEAL PENDIN G. CONSIDERING THE SITUATION, WE DISMISS THE PRESENT APPEAL AS WIT HDRAWN. HOWEVER, LIBERTY IS GRANTED TO MOVE APPROPRIATE APP LICATION FOR RECALL OF THIS ORDER, IN THE EVENT, FORM 1 FILED BY ASSESSEE IS NOT ACCEPTED BY REVENUE OR IF THE ASSESSEE OPTS OUT OF THE SCHEME. ACCORDINGLY, ASSESSEES APPEAL FOR YEAR UNDER CONSI DERATION IS ALLOWED TO BE WITHDRAWN WITH LIBERTY. IN THE RESULT, ASSESSEES APPEAL IS DISMISSED AS WI THDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 12 TH OCT, 2020 SD/- SD/- (B.R BASKARAN) (BEENA PILLAI) ACCOUNTANT MEMBER JUDICIAL ME MBER BANGALORE, DATED, THE 12 TH OCT, 2020. /VMS/ COPY TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR, ITAT, BANGALORE PAGE 3 OF 3 ITA NO.509/BANG/2018 DATE INITIAL 1. DRAFT DICTATED ON ON DRAGON SR.PS 2. DRAFT PLACED BEFORE AUTHOR -10-2020 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER -10-2020 JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. -10-2020 JM/AM 5. APPROVED DRAFT COMES TO THE SR.PS/PS -10-2020 SR.PS/PS 6. KEPT FOR PRONOUNCEMENT ON -10-2020 SR.PS 7. DATE OF UPLOADING THE ORDER ON WEBSITE -10-2020 SR.PS 8. IF NOT UPLOADED, FURNISH THE REASON -- SR.PS 9. FILE SENT TO THE BENCH CLERK -10-2020 SR.PS 10. DATE ON WHICH FILE GOES TO THE AR 11. DATE ON WHICH FILE GOES TO THE HEAD CLERK. 12. DATE OF DISPATCH OF ORDER. 13. DRAFT DICTATION SHEETS ARE ATTACHED NO SR.PS