ITAT dismissed the appeal filed by Saptagiri Constructions as it opted to settle through VSV Act.

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

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

ITA No.1771/Bang/2018
Assessment Year: 2013-14

M/s. Saptagiri Constructions
No.2, Kalburgi Plaza
Deshpande Nagar
Hubli 580 029
PAN NO : ABIPS9161M
APPELLANT 

Vs.

ACIT
Circle-3(1)
Hubli
RESPONDENT

Appellant by : Shri Pranav Krishna, A.R.
Respondent by : Shri Priyadarshi Mishra, 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 07.03.2018 passed by Ld CIT(A), Hubbali for the assessment year 2013-14.

2. The Ld A.R of the assessee named has filed a letter stating thatthe assessee has opted to settle the dispute in its appeal under Direct Taxes Vivad Se Vishwas 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 Accordingly it is submitted that appeal of the assessee may be dismissed as withdrawn.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assessee have beensettled under the Direct Taxes Vivad Se Vishwas Act, 2010, we dismiss the appeal of the assessee as withdrawn.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.