M/S Disha Power Corporation Pvt… vs ITO | ITAT Bangalore 2020

Income Tax Appellate Tribunal, ‘A’ BENCH : BANGALORE

Before: SHRI. B.R. BASKARAN & SMT. BEENA PILLAI

For Appellant: Shri V Srinivasan, Advocate

For Respondent: Shri S Sundar Rajan, Addl. CIT

Date of Hearing : 01-10-2020 Date of Pronouncement : 12 -10-2020 ORDER PER BEENA PILLAI, JUDICIAL MEMBER Present appeal has been filed by assessee against order dated 27/11/2017 passed by Ld.CIT(A)-2, Bangalore, for assessment year 2014-15. 2. At the outset, Ld.AR orally 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He accordingly submitted that, appeals filed by assesse for assessment years under consideration, may be allowed to be withdrawn with liberty.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 do not object to the same.

We have perused submissions advances by both sides in light of records placed before us. 5. 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 Considering the situation, we dismiss the present appeal as withdrawn.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 recall of this order, in the event, Form 1 filed by assessee is not accepted by revenue or if the assessee opts out of the scheme. Accordingly, assessee’s appeal for year under consideration is allowed to be withdrawn with liberty. In the result, assessee’s appeal is dismissed as withdrawn.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

M/S DISHA POWER CORPORATION PVT LTD ,BANGALORE vs. THE INCOME TAX OFFICER WARD-2(1)(3), BANGALORE