M/s Xchanging Solutions Limited , Bangalore V. Deputy Commissioner of Income Tax Circle-7(1)(2), Bangalore

ITA 558/BANG/2018

• Counselvise Citation: [2020] 109 COUNSELVISE.COM (IT) 9936 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 10 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-12-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: misc
• Appeal Filed On: 28-02-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: RAJESH KUMAR JHA
• Assessee Lawyers: KEERTHI NARAYAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCHES A, BANGALORE BEFORE SHRI GEORGE GEORGE K, JM & SHRI B.R.BASKARAN, AM ITA NO.558/BANG/2018 : ASST.YEAR 2003-2004 M/S. XCHANGING SOLUTIONS LIMITED (FORMERLY KNOWN AS CAMBRIDGE SOLUTIONS LIMITED), XCHANGING TOWER, SJR IPARK OPP:SATYA SAI HOSPITAL EPIP PARK, WHITEFIELD BENGALURU 560 066. PAN : AAFCS9303L. V. THE DY.COMMISSIONER OF INCOME-TAX, CIRCLE 7(1)(2) BANGALORE. (APPELLANT) (RESPONDENT) APPELLANT BY : SRI.KEERTHINARAYAN, CA RESPONDENT BY : SRI.RAJESH KUMAR JHA, CIT-DR DATE OF HEARING : 31.12.2020 DATE OF PRONOUNCEMENT : 31.12.2020 O R D E R PER GEORGE GEORGE K, JM THIS APPEAL AT THE INSTANCE OF THE ASSESSEE IS DIRECTED AGAINST CIT(A)S ORDER DATED 27.12.2017. THE RELEVANT ASSESSMENT YEAR IS 2003-2004. 2. AT THE TIME OF HEARING BEFORE US, THE LEARNED COUNSEL FOR THE ASSESSEE HAS FURNISHED A LETTER DATED 28 TH DECEMBER, 2020, WHEREIN IT IS STATED THAT THE ASSESSEE HAS OPTED FOR FILING THE APPLICATION UNDER DIRECT TAX VIVAD SE VISHWAS ACT, FOR SETTLEMENT OF THE DISPUTE, AND ACCORDINGLY, PRAYED THAT THE APPEAL MAY BE TREATED AS WITHDRAWN, WITH LIBERTY TO APPLY FOR A RECALL, IF FORM 1 & 2 FILED BY THE ASSESSEE ARE NOT ACCEPTED BY THE DEPARTMENT FOR ANY REASON. ITA NO.558/BANG/2018 M/S.EXCHANGING SOLUTIONS LIMITED. 2 4. WE HAVE HEARD THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL ON RECORD. IN VIEW OF THE SUBMISSION OF THE LEARNED COUNSEL FOR THE ASSESSEE IN HIS LETTER DATED 28 TH DECEMBER, 2020, WE DISMISSED THE APPEAL AS WITHDRAWN. THE ASSESSEE IS GIVEN LIBERTY TO MOVE APPROPRIATE APPLICATION FOR RECALLING THE PRESENT ORDER IN ACCORDANCE WITH LAW, IF THE ASSESSEE INTENDS TO DO SO. 5. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED, AS WITHDRAWN. ORDER PRONOUNCED ON THIS 31 ST DAY OF DECEMBER, 2020 . SD/- SD/- ( B.R.BASKARAN ) ( GEORGE GEORGE K ) ACCOUNTANT MEMBER JUDICIAL MEMBER BANGALORE; DATED : 31 ST DECEMBER, 2020. DEVADAS G* COPY TO : 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE CIT(A)-7, BANGALORE 4. THE PR.CIT-7, BANGALORE. 5. THE DR, ITAT, BENGALURU. 6. GUARD FILE. ASST.REGISTRAR/ITAT, BANGALORE