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Income Tax Appellate Tribunal, BANGALORE BENCHES “A”, BANGALORE
O R D E R
Per George George K, JM
This appeal at the instance of the Revenue is directed against the final assessment order dated 31.12.2014 passed u/s 143(3) r.w.s. 144C(13) of the I.T.Act. The relevant assessment year is 2010-2011.
The assessee has filed a letter dated 12th January, 2021, before the Department, stating that it is opting to settle the issue under Direct Taxes Vivad Se Vishwas Act, 2020. Accordingly, we are of the view that no purpose would be served in keeping the appeal pending, since the present appeal has to be withdrawn by the Revenue, once the dispute is settled under the above said Act.
M/s.Autolive India Pvt.Ltd. 3. Accordingly, we dismiss the appeal of the Revenue. However, liberty is given to the Revenue to seek recall of this order, if it warrants so.
In the result, the appeal filed by the Revenue is dismissed.