M/s Panchmukhi Infrastructure , Bangalore V. Assistant Commissioner of Income Tax Circle-3(2)(1), Bangalore

ITA 786/BANG/2018

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 2704 (ITAT-BANGALORE)
• Duration Of Justice: 3 year(s) 7 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-10-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 25-10-2021
• Assessment Year: 2014-2015
• Appeal Filed On: 14-03-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: GANESH PAI P G

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH : BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND SHRI B.R BASKARAN, ACCOUNTANT MEMBER ITA NO.786/BANG/2018 ASSESSMENT Y EAR : 20 14 - 15 M/S PANCHMUKHI INFRASTRUCTURE, NO.127, IDEA HOMES, 9 TH MAIN NEAR NIMISHAMBA TEMPLE, 2 ND FLOOR, R.R NAGAR, BENGALURU-560 098. PAN AAKFP 5131 F VS. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -3(2)(1), BENGALURU. APPELLANT RESPONDENT APPELLANT BY : SHRI. GANESH PAI P.G, C.A RESPONDENT BY : SHRI. AMRIT RAJ SINGH, JCIT, (DR)(ITAT), BENGALURU DATE OF HEARING : 25.10.2021 DATE OF PRONOUNCEMENT : 25.10.2021 O R D E R PER N. V. VASUDEVAN, VICE PRESIDENT: THIS IS AN APPEAL BY THE ASSESSEE AGAINST THE ORDER DATED 23/1/2018 OF CIT(A)-3, BENGALURU RELATING TO ASST. YEAR 2014-15. 2. THE LD.COUNSEL FOR THE ASSESSEE HAS FILED A LETT ER DATED 21/01/2010, WHEREIN HE HAS MENTIONED THAT THE ASSESSEE HAS FILED FORM N O.1 UNDER VIVAD SE VISWAS SCHEME, 2020 (VSVS 2020) AND HE HAS ALSO RECEIVED F ORM-3 FROM THE DESIGNATED AUTHORITY. THE ASSESSEE HAS THEREFORE PRAYED FOR P ERMISSION TO WITHDRAW THE APPEAL WITH THE LIBERTY TO RESTORE THE SAME, IN CASE, THE APPLICATION MADE UNDER VSVS 2020 IS REJECTED IN FUTURE. ITA NO.786/BANG/2018 PAGE 2 OF 2 3. WE ACCEPT THE PRAYER OF THE LD. COUNSEL FOR ASSE SSEE AND ACCORDINGLY DISMISS THIS APPEAL AS WITHDRAWN. THE ASSESEE IS H OWEVER AT LIBERTY TO SEEK RECALL OF THIS ORDER IN THE EVENT OF THE APPLICATION MADE UNDER VSVS 2020 IS NOT ACCEPTED BY THE DEPARTMENT. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED. PRONOUNCED IN THE OPEN COURT ON THE DATE MENTIONED ON THE CAPTION PAGE. - SD/- (B.R BASKARAN) (N. V. VASUDEVAN) ACCOUNTANT MEMBER VICE PRE SIDENT BANGALORE, DATED : 25.10.2021. VMS COPY TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE. BY ORDER ASSISTANT REGISTRAR ITAT, BANGALORE.