M/S NYAYAMITRA SAHAKARA BANK NIYAMITHA ,BANGALORE vs THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-2(1)(1), BANGALORE

Income Tax Appellate Tribunal, “C” BENCH : BANGALORE

Before: SHRI N.V. VASUDEVAN & SHRI B R BASKARAN

For Appellant: Shri R. Chandrashekar, Advocate

For Respondent: Smt. R. Premi, Addl. CIT(DR)(ITAT), Bengaluru

Hearing: 26.11.2020Pronounced: 26.11.2020

Per N.V. Vasudevan, Vice President These appeals by the assessee are against the separate orders dated 14.12.2017 of the CIT(Appeals)-1, Bengaluru for the assessment years 2012-13 & 2013-14.

The ld. counsel for the assessee during the course of hearing submitted that assessee is considering to opt for Vivad Se Vishwas Scheme Act, 2020 [VSVS] by filing necessary declaration with regard to these appeals. The Bench pointed out that the Bangalore Benches in such cases is dismissing the appeal as withdrawn, with liberty to seek recall of the order, to which he agreed. Accordingly, the appeals are dismissed as withdrawn. However, the assessee is at liberty to seek recall of this order in the event of completion of formalities under the VSVS.

In the result, the appeals by the assessee are dismissed as withdrawn.

Pronounced in the open court on this 26th day of November, 2020.

M/S NYAYAMITRA SAHAKARA BANK NIYAMITHA ,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-2(1)(1), BANGALORE