M/s Hum India Fab Pvt ltd takes immunity under Direct Tax VSV Act, Appeal filed earlier stands so Dismissed by ITAT

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.1574/Bang/2018
Assessment Year: 2013-14

M/s. Hum India Fab P. Ltd.
Dagliya & Co. L. Block Unity
Buildings
J.C. Road
Bangalore
PAN NO : AACCP2358P
APPELLANT 

Vs.

ITO Ward-3(1)(3)
Bangalore
RESPONDENT

Appellant by : N O N E
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 dated15.03.2018 passed by Ld CIT(A)-3, Bengaluru and it relates to the assessment year 2013-14.

2. None appeared on behalf of the assessee. However, the Ld A.Rof the assessee named M/s Dagliya & Co., Chartered Accountants has filed a letter stating that the 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. Accordingly it was prayed that appeal of the assessee may be adjourned.

3. The Ld D.R, however, submitted that the Bangalore bench of Tribunal is dismissing the appeal in such kind of cases giving libertyto the assessee to seek recall, if something goes wrong with the application filed by the assessee.

4. We heard Ld D.R and perused the record. Since the assesseehas opted to settle the issues contested in the appeal under the Direct Taxes Vivad Se Vishwas Act, 2010, no purpose will be served in keeping this appeal pending. Accordingly, we dismiss the appeal of the assessee as withdrawn.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.

5. In the result appeal 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