Assessee Sri. Puttakempe Gowda under VSV scheme filed Form 1 & 2 and is awaiting to receive Form 3 from the designated authorities

IN THE INCOME TAX APPELLATE TRIBUNAL
“SMC-A” BENCH : BANGALORE

BEFORE SHRI N. V. VASUDEVAN, VICE PRESIDENT

ITA No.2219/Bang/2019
Assessment Year : 2011-12

Shri. Puttakempe Gowda,
#Dharani Nilaya, Maharajakatte Road,
Basaveshwara Nagara,
Kanakapura, Ramanagara District,
Ramanagara – 562 117.
PAN : BACPP 6020 J
APPELLANT 

Vs.

The Income Tax Officer,
Ward – 1,
Ramanagar.
RESPONDENT

Assessee by : Shri. Pranav Krishna, Advocate
Revenue by : Shri. Ganesh R. Ghale, Standing Counsel
Date of hearing : 31.12.2020
Date of Pronouncement : 31.12.2020

O R D E R

Per N. V. Vasudevan, Vice President

This appeal filed is by the assessee against the order dated 11.09.2019 of CIT(A)-3, Bangalore, in relation to Assessment Year 2011-12.

2. The Learned AR of the assessee submitted that the assessee has opted to settle the dispute in this appeal under the direct tax Vivad Se Vishwas Scheme, 2020 and has filed Form Nos.1 and 2 and is awaiting to receive Form3 from the Designated Authority. Learned Counsel for the assessee prayed for keeping the proceedings in abeyance till the assessee received Form 3.

3. In the course of hearing, it was the proposition put forward by the Bench that under these facts, the appeal of the assessee may be dismissed and withdrawn and liberty may be granted to the assessee to approach thisTribunal for recall of this order under section 254(2) of the Act in case the assessee finally opts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 wassubmitted by learned AR of the assessee that if the liberty is granted to the assessee, then we have no objection about dismissal of the appeal as withdrawn. Learned DR of the Revenue also agreed to this proposition put forward by the Bench.

To know more in details find the attachment file