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Income Tax Appellate Tribunal, ‘B’ BENCH : BANGALORE
Before: SHRI. B. R. BASKARAN & SMT. BEENA PILLAI
ORDER PER BEENA PILLAI, JUDICIAL MEMBER Present cross appeals and Cross-objection by the assessee have been filed by assessee as well as Revenue against directions dated 30/12/2015 passed by DRP-11, and order dated 21/1/2016 passed by DCIT, Bangalore, for assessment year 2011-12.
At the outset, Ld.AR vide letter dated 18/12/2020 submitted that assessee has decided to go in for VSVS 2020. It is also been submitted that assessee filed Form 1 & 2 in respect of these appeals. He however filed an adjournment application seeking date till that received Form 3.
Ld.Sr.DR submitted that the appeals may be dismissed as no purpose will be served by keeping the appeals pending.
We have perused submissions advances by both sides in light of records placed before us.
As assessee has sought for VSVS- scheme 2020, no purpose will be served in keeping the present appeals pending. Considering the situation, we dismiss the present appeals as withdrawn. However, liberty is granted to move appropriate application for recall of this order, in accordance with law if circumstances so warrant.
Page 3 of 4 IT(TP)A No.564, 503/Bang/2016 CO No.71/Bang/2016 Accordingly, assessee’s appeals for year under consideration are allowed to be withdrawn with liberty. In the result, assessee’s appeals are dismissed as withdrawn.