M/S PANCHMUKHI INFRASTRUCTURE ,BANGALORE vs ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-3(2)(1), BANGALORE

Income Tax Appellate Tribunal, “B” BENCH : BANGALORE

Before: SHRI N.V. VASUDEVAN & SHRI B.R BASKARAN

For Appellant: Shri. Ganesh Pai P.G, C.A

For Respondent: Shri. Amrit Raj Singh, JCIT, (DR)(ITAT), Bengaluru

Hearing: 25.10.2021Pronounced: 25.10.2021

O R D E R Per N. V. Vasudevan, Vice President:

This is an appeal by the assessee against the order dated 23/1/2018 of CIT(A)-3, Bengaluru relating to asst. year 2014-15.

The ld.counsel for the assessee has filed a letter dated 21/01/2010, wherein he has mentioned that the assessee has filed Form No.1 under Vivad Se Viswas Scheme, 2020 (VSVS 2020) and he has also received Form-3 from the designated authority. The assessee has therefore prayed for permission to withdraw the appeal with the liberty to restore the same, in case, the application made under VSVS 2020 is rejected in future.

We accept the prayer of the ld. Counsel for assessee and accordingly dismiss this appeal as withdrawn. The assesee is however at liberty to seek recall of this order in the event of the application made under VSVS 2020 is not accepted by the Department.

In the result, the appeal of the Assessee is dismissed.

M/S PANCHMUKHI INFRASTRUCTURE ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-3(2)(1), BANGALORE