Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, ‘B’ BENCH : BANGALORE
Before: SHRI. A.K. GARODIA & SMT. BEENA PILLAI
PER BEENA PILLAI, JUDICIAL MEMBER
Present appeal has been filed by assessee against final assessment order dated 19/10/2012 passed by Ld. JCIT-circle 12 (5), Bangalore, for assessment year 2008-09 and final assessment order dated 29/01/2015 passed by DCIT circle 7 (1) (2) for assessment year 2010-11.
At the outset, Ld.AR vide letter dated 8/10/2020 submitted that, assessee has decided to go in for VSVS 2020. He accordingly submitted that, appeals filed by assesse for assessment years under consideration, may be allowed to be withdrawn with liberty.
Ld.Sr.DR did not object to the same.
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 appeal pending. Considering the situation, we dismiss the present appeal as withdrawn. However, liberty is granted to move appropriate application for Page 3 of 4 IT(TP)A No.1615/Bang/2012 IT(TP)A No.545/Bang/2015 recall of this order, in the event, Form 1 filed by assessee is not accepted by revenue. Accordingly, assessee’s appeal for year under consideration is allowed to be withdrawn with liberty. In the result, assessee’s appeal is dismissed as withdrawn.
Order pronounced in the open court on 12th Oct, 2020