M/s Iikal Co-operative Bank Limited , Bagalkot Director of Income Tax (Intelligence & Criminal Investigation) , Bangalore

This Income Tax Appellate Tribunal case concerns an appeal filed by Ilkal Co-operative Bank Limited against the Director of Income Tax. The assessee informed the tribunal that they had opted to file an application under the Vivad Se Vishwas Act, 2020. Consequently, the appeal was dismissed as withdrawn, with the understanding that the assessee would follow the necessary procedures under the Act, including providing proof of payment.

IN THE INCOME TAX APPELLATE TRIBUNAL
BANGALORE BENCHES : BANGALORE

BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER
ITA No. & Asst. Year
Appellant
Respondent
224/Bang/2019
2013-14

M/s. Ilkal Co-operative Bank Ltd.,
Near Basavana Gudi Market,
ILKAL - 587 125
PAN AAAAI1021P

Director of Income Tax (Intelligence & Criminal Investigation,
Bangalore.

Assessee By: Shri Sandeep,C.A.
Revenue By: Shri Kannan Narayan, JCIT (D.R)
Date of Hearing : 07.12.2020.
Date of Pronouncement : 07.12.2020.

O R D E R

PER SHRI CHANDRA POOJARI, A.M. :

This appeal filed by the assessee is directed against the order of Commissioner of Income Tax (Appeals)-6, Bangalore Dt.09.11.2018. The assessee is aggrieved by the decision of ld. CIT (Appeals).

2. At the time of hearing, the learned Authorised Representative submitted that the assessee has opted to file an application under the Vivad Se Vishwas Act, 2020. Accordingly, ld. AR submitted that the appeal may be dismissed with the liberty to move appropriate application for recall of the present order in accordance with law, if the assessee intended to do so.

3. On the other hand, the learned Departmental Representative submitted that the assessee has to withdraw the pending appeal after filing the Form VSV1 as per Vivad Se Vishwas Act, 2020. Thereafter the assessee is required to furnish a copy of the same along with the proof of payment of tax as determined by the tax official to the department. Ld. DR submitted that the Form No.3 shall be issued to the assessee in due course and accordingly he submitted that the appeal of the assessee may be dismissed as withdrawn, as the assessee, in any way, is required to withdraw the appeal.

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