Sri Shreyas Mohan Bhagwan , Bangalore V. Income Tax Officer Ward-2(2)(3), Bangalore

ITA 823/BANG/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5751 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 9 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 04-02-2021
• Assessment Year: 2015-2016
• Appeal Filed On: 22-04-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: PRATHIBHA
• Section: 254(2)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : BANGALORE BEFORE SHRI N. V. VASUDEVAN, VICE PRESIDENT AND SHRI. CHANDRA POOJARI, ACCOUNTANT MEMBER ITA NOS. AND ASSESSMENT YEAR APPELLANT RESPONDENT 823/BANG/2019 2015-16 SHRI. SHREYUS MOHAN BHAGWAN, NO.3/1, PRANAVA COMPLEX, 5 TH CROSS, MALLESHWARAM, BENGALURU. PAN : BVJPB 0762 M INCOME TAX OFFICER, WARD 2(2)(3), BENGALURU. 1095/BANG/2019 2015-16 INCOME TAX OFFICER, WARD 2(2)(3), BENGALURU. SHRI. SHREYUS MOHAN BHAGWAN, BENGALURU. PAN : BVJPB 0762 M ASSESSEE BY : SMT. PRATHIBHA , A DVOCATE REVENUE BY : SMT. R. PREMI, JCIT(DR)(ITAT), BENGALURU DATE OF HEARING : 04.02.2021 DATE OF PRONOUNCEMENT : 04 .02.2021 O R D E R PER N. V. VASUDEVAN, VICE PRESIDENT: THESE APPEALS BY THE ASSESSEE ARE AGAINST THE ORDER OF CIT(A), BENGALURU-2, BENGALURU, DATED 22.03.2019, RELATING TO ASSESSMENT YEAR 2015-16. 2. THE LEARNED AR OF THE ASSESSEE ORALLY SUBMITTED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE IN THESE APPEALS UNDER THE DIRECT TAX VIVAD SE VISHWAS SCHEME, 2020, AND HAS REQUESTED FOR ADJOURNMENT OF THE APPEALS. ITA NOS.823, 1095/BANG/2019 PAGE 2 OF 3 3. IN THE COURSE OF HEARING, IT WAS THE PROPOSITION PUT FORWARD BY THE BENCH THAT UNDER THESE FACTS, THE APPEALS OF THE ASSESSEE MAY BE DISMISSED AS WITHDRAWN AND LIBERTY MAY BE GRANTED TO THE ASSESSEE TO APPROACH THIS TRIBUNAL FOR RECALL OF THIS ORDER UNDER SECTION 254(2) OF THE ACT IN CASE THE ASSESSEE FINALLY OPTS OUT OF VIVAD SE VISHWAS SCHEME, 2020. IN REPLY, IT WAS SUBMITTED BY LEARNED AR OF THE ASSESSEE THAT IF THE LIBERTY IS GRANTED TO THE ASSESSEE, THEN WE HAVE NO OBJECTION ABOUT DISMISSAL OF THE APPEALS AS WITHDRAWN. 4. THE APPEALS ARE ACCORDINGLY DISMISSED AS WITHDRAWN. THE ASSESSEE IS HOWEVER AT LIBERTY TO SEEK RECALL OF THIS ORDER IN CASE THE ASSESSEE IS NOT ABLE TO SETTLE THE DISPUTE UNDER THE SCHEME. 5. IN THE RESULT, ASSESSEES APPEALS ARE DISMISSED. PRONOUNCED IN THE OPEN COURT ON THE DATE MENTIONED ON THE CAPTION PAGE. SD/- SD/- BANGALORE, DATED: 04.02.2021. /NS/* (CHANDRA POOJARI) (N. V. VASUDEVAN) ACCOUNTANT MEMBER VICE PRESIDENT ITA NOS.823, 1095/BANG/2019 PAGE 3 OF 3 COPY TO: 1. APPELLANTS 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR, ITAT, BANGALORE.