M/S. Theramyt Novobiologics… vs DCIT | ITAT Bangalore 2020

Income Tax Appellate Tribunal, ‘B’ BENCH : BANGALORE

Before: SHRI A.K GARODIA & SMT. BEENA PILLAI

For Appellant: Shri Varun S, C.A

For Respondent: Shri Priyadarshi Mishra, JCIT (DR)

ORDER PER BEENA PILLAI, JUDICIAL MEMBER Present appeals have been filed by assessee against common order dated 20/03/2018 passed by Ld.CIT(A)-10, Bangalore, for assessment years 2014-15 2. A letter dated 03/09/2020, has been filed by Ld.AR stating that assessee has opted for Vivad se Vishwas Scheme, 2020. Ld.AR sought for adjournment till Form 3 was issued by revenue.

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 present appeal pending. Hence we reject request for adjournment by Ld.AR. We also note that assessee has yet not received Form 3 from the department. Considering the situation, we dismiss the present appeal as withdrawn.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. In the result, with above liberty, we dismiss present appeal as withdrawn. Order pronounced in the open court on 8th Sept, 2020. Sd/- Sd/- (A.K GARODIA) (BEENA PILLAI) Accountant Member Judicial Member Bangalore, Dated, the 8th Sept., 2020. /Vms/ Copy to: 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR, ITAT, Bangalore 6. Guard file

M/S. THERAMYT NOVOBIOLOGICS PRIVATE LIMITED,BANGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-7(1)(1), BANGALURU