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Income Tax Appellate Tribunal, “B’’ BENCH: BANGALORE
Before: SHRI N.V. VASUDEVAN & SHRI B.R. BASKARAN
PER B.R. BASKARAN, ACCOUNTANT MEMBER:
The revenue has filed appeals for AY 2009-10 and 2010-11 and they are directed against the order passed by Ld CIT(A)-7, Bengaluru.
The assessee has filed a letter stating that it has opted to settle the issues arising in both the above said appeals under Direct Taxes Vivad se Vishwas Act, 2010 and accordingly filed prescribed applications for the above said two years, which has covered the issues contested by the revenue for these two years. The assessee has furnished copy of Form no.5 received from the department & 589/Bang/2019 M/s. Thoughtworks Technologies Pvt. Ltd., Bangalore
Page 2 of 2 accepting the applications. Accordingly, the Ld A.R submitted that these appeals may be dismissed.
We heard Ld D.R and perused the record. Since the issues contested by the revenue in these two years have been settled by the assessee under VSVS Act, these appeals will not survive. Accordingly, we dismiss both the appeals of the revenue.
In the result, both the appeals of the revenue are dismissed.
Order pronounced in the open court on 26th Oct, 2021.