M/s Volvo Group India Pvt Ltd, Bengaluru VS The Asst. Commissioner of Income Tax, LTU, Circle-1, Bengaluru


Quick Summary
M/s Volvo Group India Pvt Ltd has formally withdrawn its Stay Petitions filed before the Income Tax Appellate Tribunal. The company, formerly known as Volvo India Private Limited, submitted a letter requesting permission to withdraw these petitions. The Assistant Commissioner of Income Tax did not object, and the Tribunal has granted permission for the withdrawal.

Court :
ITAT Bangalore

Brief :
At the time of hearing before us, the learned Counsel for the assessee, by placing a letter dated 03rd December, 2020, requested for permission to withdraw the Stay Petitions filed by the assessee. The learned DR did not raise any objection for the same. We, therefore, permit the assessee to withdraw its Stay Petitions. 

Citation :
SP No.200/Bang/2020 SP No.201/Bang/2020 SP No.202/Bang/2020 SP No.203/Bang/2020 SP No.204/Bang/2020

IN THE INCOME TAX APPELLATE TRIBUNAL
BANGALORE BENCHES “C”, BANGALORE

Before Shri George George K, JM & Shri B.R.Baskaran, AM
SP No.200/Bang/2020 : Asst.Year 2010-2011
(Arising out of IT(TP)A No.433/Bang/2015)

SP No.201/Bang/2020 : Asst.Year 2011-2012
(Arising out of IT(TP)A No.679/Bang/2016)

SP No.202/Bang/2020 : Asst.Year 2011-2012
(Arising out of IT(TP)A No.700/Bang/2016)

SP No.203/Bang/2020 : Asst.Year 2012-2013
(Arising out of IT(TP)A No.733/Bang/2017)

SP No.204/Bang/2020 : Asst.Year 2013-2014
(Arising out of IT(TP)A No.2919/Bang/2017)

M/s.Volvo Group India Pvt. Ltd
(Formerly known as Volvo India
Private Limited)
65/2, Bagmane Tech Park
Block-A, 5th Floor, Parin Building
CV Raman Nagar
Bengaluru – 560 093.
PAN : AAACV6747N.
(Applicant) 

vs.
T
he Asst.Commissioner of
Income-tax, LTU Circle 1
Bengaluru.
(Respondent)

Applicant by : Sri.Ramit Katyal, CA
Respondent by : Smt.R.Premi, JCIT-DR
Date of Hearing : 11.12.2020
Date of Pronouncement : 11.12.2020

O R D E R

Per George George K, JM

At the time of hearing before us, the learned Counsel for the assessee, by placing a letter dated 03rd December, 2020, requested for permission to withdraw the Stay Petitions filed by the assessee. The learned DR did not raise any objection for the same. We, therefore, permit the assessee to withdraw its Stay
Petitions. 

2. In the result, the Stay Petitions filed by the assessee are dismissed.

Order pronounced on this 11th day of December, 2020.

Sd/-                                                  Sd/-
(B.R.Baskaran)                               (George George K)
ACCOUNTANT MEMBER              JUDICIAL MEMBER

Bangalore; Dated : 11th December, 2020.
Devadas G*
Copy to :
1. The Applicant.
2. The Respondent.
3. The CIT(A) , Bangalore
4. The Pr.CIT , Bangalore.
5. The DR, ITAT, Bengaluru.
6. Guard File.

Asst.Registrar/ITAT, Bangalore 
 

FAQ :

The Stay Petitions were filed by Volvo Group India Pvt Ltd to seek a temporary halt or suspension of certain proceedings or demands related to their income tax assessments.

Volvo Group India Pvt Ltd requested permission to withdraw their Stay Petitions by submitting a letter dated 3rd December 2020, without specifying the exact reasons in the provided text.

No, the learned DR (Departmental Representative) for the Asst. Commissioner of Income-tax did not raise any objection to the withdrawal of the Stay Petitions.

The Income Tax Appellate Tribunal granted permission to Volvo Group India Pvt Ltd to withdraw their Stay Petitions, and consequently, the petitions were dismissed.

 

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