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Income Tax Appellate Tribunal, “B” BENCH : BANGALORE
Before: SHRI N. V. VASUDEVAN & SHRI CHANDRA POOJARI
Revenue by : Shri. Muzafar Hussain, CIT(DR)(ITAT), Bengaluru. Assessee by : Shri. Siddhesh Chaugule Date of hearing : 03-03-2021 Date of Pronouncement : 03-03-2021 O R D E R Per Bench: These are cross appeals by the Revenue and the assessee against the Assessment Order dated 23.01.2015, relating to Assessment Year 2010-11.
IT(TP)A No.408/Bang/2015 C.O. No.126/Bang/2015 Page 2 of 3
The Learned AR of the assessee orally submitted that the assessee has opted to settle the dispute in these appeals under the direct tax Vivad Se Vishwas Scheme, 2020, and has requested for adjournment of the appeals.
In the course of hearing, it was the proposition put forward by the Bench that under these facts, the appeals of the assessee may be dismissed as withdrawn and liberty may be granted to the assessee to approach this Tribunal for recall of this order under section 254(2) of the Act in case the assessee finally opts out of Vivad Se Vishwas Scheme, 2020. In reply, it was submitted by learned AR of the assessee that if the liberty is granted to the assessee, then we have no objection about dismissal of the appeals as withdrawn.
The appeals are accordingly dismissed as withdrawn. The assessee is however at liberty to seek recall of this order in case the assessee is not able to settle the dispute under the Scheme.
In the result, assessee’s appeals are dismissed.
Pronounced in the open court on the date mentioned on the caption page.