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M/s. VSN Products, Tumkur Deputy Commissioner Of Income Tax, Circle- 1, Tumkur

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Court :
ITAT Bangalore

Brief :
This appeal filed by the assessee is directed against the order passed by the Commisisoner of Income Tax (Appeals)-7, Bengaluru dt.29.11.2019 for the Assessment Year 2015-16.

Citation :
ITA 203/BANG/2020

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

BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND
SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER

ITA No. & Asst. Year
203/Bang/2020
2015-16

Appellant


M/s. VSN Products,
No.112 & 117, 2nd Phase, Antharasanahalli, Industrial Area, Tumkur – 572 106
PAN AAKFV 0524A

Respondent
Dy. Commissioner of Income Tax,
Circle 1,
Tumkur.

Assessee By: Shri Pranav Krishna, Advocate.
Revenue By: Shri Priyadarshi Mishra, JCIT (D.R)

Date of Hearing : 16.12.2020.
Date of Pronouncement : 16.12.2020.

O R D E R

PER SHRI CHANDRA POOJARI, A.M. :

This appeal filed by the assessee is directed against the order passed by the Commisisoner of Income Tax (Appeals)-7, Bengaluru dt.29.11.2019 for the Assessment Year 2015-16.

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issued to the assessee in due course and accordingly he submitted that the appeal of the assessee may be dismissed as withdrawn, as the assessee, in any way, is required to withdraw the appeal.

To know more in details find the attachment file
 

 

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on 30 December 2020
Published in Income Tax
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