Manyata Promoters Private Limited, Bengaluru V. Deputy Commissioner Of Income Tax, Central Circle- 1(3), Bengaluru

ITA 594/BANG/2020

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 4644 (ITAT-BANGALORE)
• Duration Of Justice: 3 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-10-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 15-10-2020
• Assessment Year: 2009-2010
• Appeal Filed On: 26-06-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : BANGALORE BEFORE SHRI. B. R. BASKARAN, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA NO.594 TO 596/BANG/2020 ASSESSMENT YEAR : 2009 10, 2011-12 & 2012-13 MANYATA PROMOTERS PVT. LTD., NO.9/1, 1 ST FLOOR, CLASSIC COURT, RICHMOND ROAD, BENGALURU-560 025. PAN AADCM 2448 J VS. THE DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), BENGALURU. APPELLANT RESPONDENT ASSESSEE BY : SHRI AJAYROTTI, C.A RESPONDENT BY : SHRI PRADEEP KUMAR, CIT (DR) DATE OF HEARING : 15-10-2020 DATE OF PRONOUNCEMENT : -10-2020 ORDER PER BEENA PILLAI, JUDICIAL MEMBER PRESENT APPEALS HAS BEEN FILED BY ASSESSEE AGAINST ORDER DATED 28/02/2020 PASSED BY LD.CIT-11 FOR ASSESSMENT YEARS UNDER CONSIDERATION. 2. AT THE OUTSET, LD.AR VIDE LETTER DATED 15/10/202 0 SUBMITTED THAT ASSESSEE HAS DECIDED TO GO IN FOR VS VS 2020 AND THAT FORM 1 IN RESPECT OF YEARS UNDER CONSIDERATION HAS BEEN FILED. HE ACCORDINGLY SUBMITTED THAT, APPEALS FILED BY ASSESSE FOR PAGE 2 OF 3 ITA NO.594 TO 596/BANG/2020 ASSESSMENT YEARS UNDER CONSIDERATION, MAY BE ALLOWE D TO BE WITHDRAWN WITH LIBERTY. 3.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 ASSESSEE WISHES TO OPT OUT O F VSVS SCHEME 2020. ACCORDINGLY, ASSESSEES APPEALS FOR YEARS UNDER CON SIDERATION IS ALLOWED TO BE WITHDRAWN WITH LIBERTY. IN THE RESULT, ASSESSEES APPEALS ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 20 TH OCT, 2020. SD/- SD/- (B. R. BASKARAN) (BEENA PILLAI) ACCOUNTANT MEMBER JUDICIAL ME MBER BANGALORE, DATED, THE 20 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.594 TO 596/BANG/2020 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