SRI JEMMIS DEVASSY ELUVATHINGAL,BANGALORE vs. INCOME TAX OFFICER, WARD- 3(3)(4), BANGALORE
In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.
What did the Tribunal hold?
The Tribunal dismissed the assessee's appeals as withdrawn, acknowledging the settlement under the Vivad Se Vishwas Act. Liberty was granted to seek recall if circumstances warranted.
What were the facts?
The assessee filed appeals against the CIT(A) orders for AY 2013-14 and 2015-16. The assessee opted to settle the disputes under the Direct Taxes Vivad Se Vishwas Act, 2020.
What were the issues?
Whether the appeals should be dismissed as withdrawn due to settlement under the Vivad Se Vishwas Act.
Which sections of the Income-tax Act were involved?
Direct Taxes Vivad Se Vishwas Act, 2020
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, “C’’ BENCH: BANGALORE
Before: SHRI GEORGE GEORGE K. & SHRI B.R. BASKARAN
PER B.R. BASKARAN, ACCOUNTANT MEMBER:
The assessee has filed these appeals challenging the orders passed by the Ld CIT(A)-3, Bengaluru for the assessment years 2013- 14 and 2015-16.
None appeared on behalf of the assessee. However, the assessee has filed a letter stating that the assessee has opted to settle the dispute in these two appeals Direct Taxes Vivad Se Vishwas Act, 2020. It is further stated that the assessee has filed Form No.1 & 2 for both the appeals filed by the assessee. However, he has received & 1953/Bang/2019 Sri Jeemis Devassy Eluvathingal, Bengaluru Page 2 of 2 Form No.3 for assessment year 2013-14 only. Accordingly it is submitted that appeal of the assessee may be dismissed as withdrawn with liberty to seek recall of the order, if something goes wrong.
We heard Ld D.R, who did not object to the prayer of the assessee. Since the issues contested in both the appeals of the assessee have been settled under the Direct Taxes Vivad Se Vishwas Act, 2010, we dismiss both the appeals of the assessee as withdrawn. However, we give liberty to the assessee to seek recall of the order for either of the years in accordance with law, if the circumstances so warrant.
In the result, both the appeals of the assessee are dismissed. Order pronounced in the open court on 31st Dec, 2020
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