Deputy Commissioner of Income Tax Circle-7(1)(1), Bangalore V. M/s Thought Works Technologies India Private Limited , Bangalore

ITA 588/BANG/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 2775 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 7 month(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-10-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 26-10-2021
• Assessment Year: 2009-2010
• Appeal Filed On: 25-03-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: DR MANJUNATH KARKIHALLI
• Assessee Lawyers: C NARAYANAN

Judgement Text

ITA NOS.588 & 589/BANG/2019 M/S. THOUGHTWORKS TECHNOLOGIES PVT. LTD., BANGALORE IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND SHRI B.R. BASKARAN, ACCOUNTANT MEMBER ITA NOS.588 & 589/BANG/2019 ASSESSMENT YEARS : 2009-10 & 2010-11 DEPUTY COMMISSIONER OF INCOME-TAX CIRCLE-7(1)(1) BENGALURU VS. M/S. THOUGHTWORKS TECHNOLOGIES (INDIA) PVT. LTD. 2 ND FLOOR, ACR MANSION #147/F, 8 TH MAIN, 3 RD BLOCK KORAMANGALA BENGALURU 560 034 PAN NO : AAHCS7683M APPELLANT RESPONDENT A PPELLANT BY : DR. MANJUNATH KARKIHALLI, D.R. RESPONDENT BY : SHRI C. NARAYANAN, A.R. DATE OF HEARING : 26.10.2021 DATE OF PRONOUNCEMENT : 26.10.2021 O R D E R PER B.R. BASKARAN, ACCOUNTANT MEMBER: THE REVENUE HAS FILED APPEALS FOR AY 2009-10 AND 20 10-11 AND THEY ARE DIRECTED AGAINST THE ORDER PASSED BY LD CI T(A)-7, BENGALURU. 2. THE ASSESSEE HAS FILED A LETTER STATING THAT IT HAS OPTED TO SETTLE THE ISSUES ARISING IN BOTH THE ABOVE SAID APPEALS U NDER DIRECT TAXES VIVAD SE VISHWAS ACT, 2010 AND ACCORDINGLY FILED PR ESCRIBED APPLICATIONS FOR THE ABOVE SAID TWO YEARS, WHICH HA S COVERED THE ISSUES CONTESTED BY THE REVENUE FOR THESE TWO YEARS . THE ASSESSEE HAS FURNISHED COPY OF FORM NO.5 RECEIVED FROM THE D EPARTMENT ITA NOS.588 & 589/BANG/2019 M/S. THOUGHTWORKS TECHNOLOGIES PVT. LTD., BANGALORE PAGE 2 OF 2 ACCEPTING THE APPLICATIONS. ACCORDINGLY, THE LD A. R SUBMITTED THAT THESE APPEALS MAY BE DISMISSED. 3. WE HEARD LD D.R AND PERUSED THE RECORD. SINCE THE ISSUES CONTESTED BY THE REVENUE IN THESE TWO YEARS HAVE BE EN SETTLED BY THE ASSESSEE UNDER VSVS ACT, THESE APPEALS WILL NOT SUR VIVE. ACCORDINGLY, WE DISMISS BOTH THE APPEALS OF THE REV ENUE. 4. IN THE RESULT, BOTH THE APPEALS OF THE REVE NUE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 26 TH OCT, 2021. SD/- (N.V. VASUDEVAN ) VICE PRESIDENT SD/- (B.R. BASKARAN) ACCOUNTANT MEMBER BANGALORE, DATED 26 TH OCT, 2021. VG/SPS 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.