Power Company of Karnataka Ltd. - Appeal Dismissed under VSVS 2020

Last updated: 19 February 2021

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The Income Tax Appellate Tribunal has dismissed the appeal filed by the Power Company of Karnataka Ltd. for the assessment year 2012-13. The company had appealed an order from the CIT(A)-5, Bangalore. However, the assessee subsequently decided to opt for the VSVS 2020 scheme, filing the necessary forms and receiving confirmation, which led to the dismissal of their appeal.

Court :
ITAT Bangalore

Brief :
Present appeal by the assessee has been filed by assessee against order dated 7/9/2017 passed by CIT(A)-5, Bangalore, for assessment year 2012-13.

Citation :
ITA No.2712/Bang/2017

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

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

ITA No.2712/Bang/2017
Assessment Year : 2012-13

M/s Power Company of
Karnataka Ltd.,
[Government of Karnataka
Undertaking]
Room No.501,
5th Floor, KPTCL Building,
Kaveri Bhavan,
Bengaluru-560 009.
PAN – AAECP 5874 C
APPELLANT

Vs.

The Dy. Commissioner of
Income-tax,
Circle-5(1)(2),
Bengaluru.
RESPONDENT

Appellant by : Shri S.V Ravishankar, Advocate
Respondent by : Smt. R Premi, JCIT (DR)

Date of Hearing : 28-01-2021
Date of Pronouncement : 01-02-2021

ORDER

PER BEENA PILLAI, JUDICIAL MEMBER

Present appeal by the assessee has been filed by assessee against order dated 7/9/2017 passed by CIT(A)-5, Bangalore, for assessment year 2012-13.

2. At the outset, Ld.AR vide letter dated 20/01/2021 submitted that assessee has decided to go in for VSVS 2020. It is also been submitted that assessee filed Form 1 & 2 in respect of this appeal and Form 3 has also received.

To know more in details find the attachment file

FAQ :

The case involved an appeal filed by the Power Company of Karnataka Ltd. against an order from the CIT(A)-5, Bangalore, for the assessment year 2012-13.

The appeal was dismissed because the assessee decided to participate in the VSVS 2020 scheme and filed the required forms for it.

VSVS 2020 refers to a scheme under which the assessee chose to settle their tax matters, leading to the dismissal of their appeal.

This judgement relates to the assessment year 2012-13.