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

ITA 559/BANG/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5007 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 11 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2004-2005
• Appeal Filed On: 28-02-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: KEERTHI NARAYANAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCHES A BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SHRI GEORGE GEORGE K , JUDICIAL MEMBER ITA NO S . 559 & 560 /BANG/2018 (ASSESSMENT YEAR S : 20 0 4 - 05 & 2005 - 06 ) M/S. EXCHANGING SO LUTIONS LIMITED, XCHANGING TOWER, SJR PARK, OPP, SATYA SAI HOSPITAL, EPIP PARK, WHITEFIELD, BANGALORE - 560 066 .APPELLANT . PAN AAFCS 9303L VS. DY. COMMISSIONER OF INCOME TAX, CIRCLE 7(1 )(2), BANGALORE. RESPONDENT. ASSESSEE BY: SHRI KEERTHI NARAYANAN, C.A. REVENUE BY: MS. NEERA MALHOTRA, CIT (D.R) DATE OF HEARING : 09.02 .20 2 1 . DATE OF PRONOUNCEMENT : 09 .02. 20 2 1 . O R D E R PER SHRI CHANDRA POOJARI, A M : TH IS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE SEPARATE ORDER S PASSED BY THE COMMISISONER OF INCOME TAX (APPEALS) - 7, BANGALORE FOR THE ASSESSMENT YEAR 2004 - 05 & 2005 - 06. 2 ITA NO. 559 & 560 /BANG/2018 2. THE LEARN ED AUTHORISED REPRESENTATIVE SUBMITTED THAT THE ASSESSEE HAS OPTED TO FILE AN APPLICATION UNDER THE VIVAD SE VISHWAS ACT, 2020 AND RECEIVED FORM 3 DT.30.01.2021 FROM THE DEPARTMENT. ACCORDINGLY, LD. AR SUBMITTED THAT THE APPEAL OF THE ASSESSEE MAY BE DIS MISSED. 3. ON THE OTHER HAND, THE LEARNED DEPARTMENTAL REPRESENTATIVE SUBMITTED THAT THE ASSESSEE HAS FURNISHED FORM 3 DT.30.01.2021 ISSUED BY THE DEPARTMENT AND THE ASSESSEE MAY BE ALLOWED TO WITHDRAW THE APPEAL. 4. WE HAVE HEARD BOTH THE PART IES AND PERUSED THE MATERIAL ON RECORD. THE ASSESSEE OPTED AND RECEIVED FORM 3 DT.30.01.2021 ISSUED BY THE DEPARTMENT UNDER VIVAD SE VISHWAS ACT, 2020, PLACED ON RECORD. ACCORDINGLY, WE DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN. 5. IN THE R ESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON THE DATE MENTIONED ON THE CAPTION PAGE. SD/ - SD/ - ( GEORGE GEORGE K ) ( CHANDRA POOJARI ) JUDICIAL MEMBER ACCOUNTANT MEMBER DAT ED: 09 .02. 20 2 1 . *REDDY GP 3 ITA NO. 559 & 560 /BANG/2018 COPY TO 1. THE APPELLANT 2. THE RESPONDENT 3. CIT (A) 4. PR. CIT 5. DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR INCOME - TAX APPELLATE TRIBUNAL BANGALORE