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Income Tax Appellate Tribunal, “B” BENCH : BANGALORE
Before: SHRI N.V. VASUDEVAN & SHRI CHANDRA POOJARI
Per Bench These are cross appeals by the revenue and the assessee against the order of the CIT(Appeals)-XL, Kolkata dated 18.7.2008 for the AY 1998-99 and the order dated 18.11.2011 of the CIT(Appeals)-II, Bangalore for the AY 2001-02.
At the time of hearing of these appeals, the ld. counsel for the assessee submitted that the assessee has filed necessary declaration under the Vivad Se Vishwas Scheme Act, 2020 [VSVS] and that issue of Form 3 is awaited in respect of the appeals of both the assessee and the revenue.
The Bench pointed out that the Bangalore Benches in such cases is dismissing the appeal as withdrawn, with liberty to seek recall of the order, to which both the parties agreed. Accordingly, all the appeals are dismissed as withdrawn. However, the parties are at liberty to seek recall of this order in the event of non-receipt of Form No.3, or for any such reason under the VSVS.
In the result, the appeal by the assessee as well as the revenue are dismissed as withdrawn.
Pronounced in the open court on this 23rd day of November, 2020.