M/S. TEKTRNIX (INDIA) PVT LTD,BENGALURU vs DEPUTYCOMMISSIONER OF INCOME TAX, CIRCLE-7(1)(1), BENGALURU

Income Tax Appellate Tribunal, ‘A’ BENCH : BANGALORE

Before: SHRI CHANDRA POOJARI & SMT. BEENA PILLAI

For Appellant: Shri Dhiraj R, Advocate

For Respondent: Shri Kannan Narayanan, JCIT (DR)

ORDER PER BEENA PILLAI, JUDICIAL MEMBER :

Present appeal by the assessee has been filed by assessee against order dated 09/01/2018 passed by CIT(A)-7, Bengaluru for assessment year 2014-15.

The assessee has filed a letter stating that the assessee has opted to settle the dispute in its appeal under Direct Taxes Vivad Se Vishwas Act, 2020. It is further stated that the assessee has filed Form No.1 & 2 and also received Form No. 3 for the appeal filed by the assessee and it has also received Form No.3. Accordingly it is submitted that appeal of the assessee may be dismissed as withdrawn.

We heard Ld D.R, who did not object to the prayer of the assessee. Since the issues contested in the appeal of the assessee have been settled under the Direct Taxes Vivad Se Vishwas Act, 2010, we dismiss the appeal of the assessee as withdrawn. However, we give liberty to the assessee to seek recall of this order in accordance with law, if the circumstances so warrant.

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

M/S. TEKTRNIX (INDIA) PVT LTD,BENGALURU vs. DEPUTYCOMMISSIONER OF INCOME TAX, CIRCLE-7(1)(1), BENGALURU