M/s. Minera Steel and Power P. Ltd., Bellary V. Assistant Commissioner of Income-tax, Circle-1, Bellary

ITA 695/BANG/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 1870 (ITAT-BANGALORE)
• Duration Of Justice: 3 year(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 09-03-2021
• Assessment Year: 2014-2015
• Appeal Filed On: 06-03-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: B S BALACHANDRAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH : BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA NO.695/BANG/2018 ASSESSMENT YEAR : 2014-15 M/S MINERA STEEL AND POWER PVT. LTD., NO.811/2, NH-63, HOSPET ROAD, ALLIPUR, BELLARY-583 115. PAN AACCK 7567 M VS. THE ASST. COMMISSIONER OF INCOME-TAX, CIRCLE-1, BELLARY. APPELLANT RESPONDENT ASSESSEE BY : SHRI B.S BALACHANDRAN, ADVOCATE REVENUE BY : SHRI KANNAN NARAYANAN, JCIT (DR) DATE OF HEARING : 09-03-2021 DATE OF PRONOUNCEMENT : 09 -03-2021 ORDER PER BEENA PILLAI, JUDICIAL MEMBER PRESENT APPEAL BY THE ASSESSEE HAS BEEN FILED BY AS SESSEE AGAINST ORDER DATED 29/12/2017 PASSED BY CIT(A), GU LBARGA FOR ASSESSMENT YEAR 2014-15. 2. THE AD.AR ORALLY SUBMITTED THAT, THE ASSESS EE HAS OPTED TO SETTLE THE DISPUTE IN ITS APPEAL UNDER DIRECT TAXES VIVAD SE VISHWAS ACT, 2020. ACCORDINGLY HE SUBMITTED THAT A PPEAL OF THE ASSESSEE MAY BE DISMISSED AS WITHDRAWN. PAGE 2 OF 3 ITA NO.695/BANG/2018 3. WE HEARD LD D.R, WHO DID NOT OBJECT TO THE PR AYER OF THE ASSESSEE. SINCE THE ISSUES CONTESTED IN THE APPEAL OF THE ASSESSEE ARE SETTLED UNDER THE DIRECT TAXES VIVAD S E VISHWAS ACT, 2010, WE DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN. HOWEVER, WE GIVE LIBERTY TO THE ASSESSEE TO SEEK RE CALL OF THIS ORDER IN ACCORDANCE WITH LAW, IF THE CIRCUMSTANCES SO WARRANT. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 9 TH MARCH, 2021 SD/- SD/- (CHANDRA POOJARI) (BEENA PILLAI) ACCOUNTANT MEMBER JUDICIAL ME MBER BANGALORE, DATED, THE 9 TH MARCH, 2021. /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.695/BANG/2018 DATE INITIAL 1. DRAFT DICTATED ON ON DRAGON SR.PS 2. DRAFT PLACED BEFORE AUTHOR -3-2021 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER -3-2021 JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. -3-2021 JM/AM 5. APPROVED DRAFT COMES TO THE SR.PS/PS -3-2021 SR.PS/PS 6. KEPT FOR PRONOUNCEMENT ON -3-2021 SR.PS 7. DATE OF UPLOADING THE ORDER ON WEBSITE -3-2021 SR.PS 8. IF NOT UPLOADED, FURNISH THE REASON -- SR.PS 9. FILE SENT TO THE BENCH CLERK -3-2021 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