Dismissal of appeal as withdrawn under the VSV Act 2020

Last updated: 06 January 2021

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This Income Tax Appellate Tribunal case saw an appeal dismissed as withdrawn. The appellant, 3Tier R&D India Pvt. Ltd., opted to settle their tax dispute under the Direct Taxes Vivad Se Vishwas Act, 2020. Having completed the necessary forms, the tribunal agreed to dismiss the appeal as withdrawn.

Court :
ITAT Bangalore

Brief :
The assessee has filed this appeal challenging the order dated 26.09.2016 passed by Ld CIT(A)-7, Bengaluru and it relates to the assessment year 2011-12.

Citation :
ITA No.2037/Bang/2016

IN THE INCOME TAX APPELLATE TRIBUNAL
“A’’ BENCH: BANGALORE

BEFORE SHRI GEORGE GEORGE K., JUDICIAL MEMBER
AND
SHRI B.R. BASKARAN, ACCOUNTANT MEMBER

ITA No.2037/Bang/2016
Assessment Year: 2011-12

3Tier R&D India Pvt. Ltd.
T-2, Farhan Centre
24/1, Walkers Lane
Langford Road Cross
Richmond Town
Bangalore-560 025.
PAN NO : AAACZ3622Q
APPELLANT

Vs.

Deputy Commissioner of
Income-tax
Circle-7(1)(1)
Bangalore
RESPONDENT

Appellant by : Smt. Sherry Goyal, A.R.
Respondent by : Shri Kannan Narayanan, D.R.
Date of Hearing : 31.12.2020
Date of Pronouncement : 31.12.2020

O R D E R

PER B.R. BASKARAN, ACCOUNTANT MEMBER:

The assessee has filed this appeal challenging the order dated 26.09.2016 passed by Ld CIT(A)-7, Bengaluru and it relates to the assessment year 2011-12.

2. The assessee has filed a letter stating that the assessee has opted to settle the dispute in its appeal under Direct Taxes Vivad SeVishwas Act, 2020. It is further stated that the assessee has filed Form No.1 & 2 for the appeal filed by the assessee and it has also received Form No.3. Accordingly it is submitted that appeal of the assessee may be dismissed as withdrawn.

3. We heard Ld D.R, who did not object to the prayer of the assessee. Since the issues contested in the appeal of the assessee have beensettled under the Direct Taxes Vivad Se Vishwas Act, 2010, we dismiss the appeal of the assessee as withdrawn. However, we give liberty to the assessee to seek recall 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 31st Dec, 2020

Sd/- Sd/-
(George George K.) (B.R. Baskaran)
Judicial Member Accountant Member

Bangalore,
Dated 31st Dec, 2020.
VG/SPS
Copy to:
1. The Applicant
2. The Respondent
3. The CIT
4. The CIT(A)
5. The DR, ITAT, Bangalore.
6. Guard file

By order
Asst. Registrar, ITAT, Bangalore.