CANARA BANK,JALANDHAR vs. DCIT (TDS), LUDHIANA

PDF · subscribers
ITA 2/CHANDI/2018Status: DisposedITAT Chandigarh17 February 2021AY 2014-152 pages

In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal allowed the assessee's application to withdraw the appeal. The appeal was dismissed as withdrawn, with the Revenue not opposing the application.

What were the facts?

The assessee filed an appeal against an assessment order for the block period 1988-89 to 1998-99. The assessee subsequently opted to settle the issues under the Vivad Se Vishwas Scheme 2020 and filed an application to withdraw the appeal.

What were the issues?

The primary issue was the withdrawal of the appeal by the assessee due to opting for the Vivad Se Vishwas Scheme.

Which sections of the Income-tax Act were involved?

Section 158BC,Section 158BB,Section 143(3)

AI-generated summary — verify with the full judgment below

आदेश/Order

Per R.L. Negi, Judicial Member:

1.

The assessee has filed the captioned appeal against the order dated 08.08.2018 passed by the Commissioner of Income Tax (Appeals), Karnal (for short ‘the CIT(A)], pertaining to the block period 1988-89 to 1998-99 vide which the Ld. CIT(A) has dismissed the appeal of the assessee filed against the assessment order passed u/s 158BC(b) r.w.s. 158BB(b) and 143(3) of the Income Tax Act, 1961 (for short 'the Act').

2.

At the outset, Ld. Counsel for the assessee submitted that the assessee has opted to settle the issues in the said appeal under the provisions of ‘Vivad Se Vishwas Scheme 2020’. The Ld. Counsel

2 further submitted that an application for withdrawal of the said appeal has already been filed. Hence, the same may be allowed and the assessee may be permitted to withdraw the said appeal.

3.

The Ld. Departmental Representative did not oppose the application filed by the assessee.

4.

In view of the submissions made by the Ld. Counsel for the assessee, we allow the application filed by the assessee and accordingly dismiss the appeal as withdrawn.

Order pronounced on 17.02.2021.

More judgments on Section 158BC

All 487 judgments and leading authorities on Section 158BC →

Recent GST High Court judgments

Search GST case law →