M/s. Tristar Hotels Private Limited, Bangalore Deputy commissioner of Income Tax, circle-7(1)(1), Bangalore Details

Last updated: 27 March 2021

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M/s Tristar Hotels Private Limited had appealed against orders concerning assessment years 2010-11 and 2014-15. However, the company chose to settle these disputes under the Direct Taxes Vivad Se Vishwas Act, 2020. Following the settlement process and receipt of necessary forms, the assessee requested their appeals be dismissed as withdrawn. The Income Tax Appellate Tribunal agreed and dismissed the appeals.

Court :
ITAT Bangalore

Brief :
Present appeal by the assessee has been filed by assessee against order dated 12/03/2019 and 18/03/2019 passed by CIT(A)-7, Bengaluru respectively for assessment years 2010-11 & 2014-15.

Citation :
ITA 1123/BANG/2019

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

BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER
AND
SMT. BEENA PILLAI, JUDICIAL MEMBER

ITA No.1123 & 1124/Bang/2019
Assessment Year : 2010-11, 2014-15

M/s Tristar Hotels Pvt. Ltd.,
No.1216, HAL 2nd Stage,
100 Feet Road,
Indiranagar,
Bengaluru-560 008.
PAN – AABCT 3978 L
APPELLANT

Vs.

The Dy. Commissioner of
Income-Tax,
Bangalore-7(1)(1)
Bengaluru.
RESPONDENT

Assessee by : Shri Pranav Krishna, Advocate
Revenue by : Ms. Neera Malhotra, CIT (DR)

Date of Hearing : 08-03-2021
Date of Pronouncement : 08-03-2021

ORDER

PER BENCH :

Present appeal by the assessee has been filed by assessee against order dated 12/03/2019 and 18/03/2019 passed by CIT(A)-7, Bengaluru respectively for assessment years 2010-11 & 2014-15.

2. The assessee has filed a letter stating that the assessee hasopted 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 and also received Form No. 3 for the appealfiled 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 Accordingly it is submitted that appeal of the assessee may be dismissed as withdrawn.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 theassessee. Since the issues contested in the appeal of theassessee have been settled under the Direct Taxes Vivad Se Vishwas Act, 2010, we dismiss the appeal of the assessee as withdrawn.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.

To know more in details find the attachment file

FAQ :

The specific issues contested in the appeals by M/s Tristar Hotels are not detailed, but the company sought to settle them under the Direct Taxes Vivad Se Vishwas Act, 2020.

The appeals filed by M/s Tristar Hotels Private Limited covered assessment years 2010-11 and 2014-15.

The Direct Taxes Vivad Se Vishwas Act, 2020, is a scheme that allows taxpayers to settle disputes related to direct taxes.

The Income Tax Appellate Tribunal dismissed the appeals filed by M/s Tristar Hotels as withdrawn, as the disputes had been settled under the Vivad Se Vishwas Act.

Yes, the assessee has been given liberty to seek a recall of the order if circumstances warrant it, in accordance with the law.