Income Tax Officer Ward-6(3)(4), Bangalore v. Smt Ranjni Narayanaswamy , Bangalore

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCHES A BANGALORE BEFORE SHRI CHANDRA POOJARI AM & SHRI GEORGE GEORGE K JM ITA NO.2696/BANG/2018 : ASST.YEAR 2014-2015 THE INCOME TAX OFFICER WARD 6(3)(4) BANGALORE. V. SMT.RA N JNI NARAYANASWAMY NO.3/8 2 ND CROSS GANESH BLOCK SULTANPALYA R.T.NAGAR BANGALORE 560 032. PAN : AGSPN7720J (APPELLANT) (RESPONDENT) APPELLANT BY : SRI.KANNAN NARAYANAN JCIT-DR RESPONDENT BY : SRI.KASHINATH ADVOCATE DATE OF HEARING : 24.03.2021 DATE OF PRONOUNCEMENT : 24.03.2021 O R D E R PER GEORGE GEORGE K JM : THIS APPEAL AT THE INSTANCE OF THE REVENUE IS DIRECTED AGAINST CIT(A)S ORDER DATED 25.06.2018. THE RELEVANT ASSESSMENT YEAR IS 2014-2015. 2. THE ASSESSEE HAS FILED A LETTER DATED 24 TH MARCH 2021 STATING THEREIN THAT THE ASSESSEE HAS OPTED FOR SETTLING THE ISSUE UNDER DIRECT TAXES VIVAD SE VISHWAS ACT 2020. ACCORDINGLY WE ARE OF THE VIEW THAT NO PURPOSE WOULD BE SERVED IN KEEPING THIS APPEAL PENDING SINCE THE PRESENT APPEAL HAS TO BE WITHDRAWN BY THE REVENUE ONCE THE DISPUTE IS SETTLED UNDER THE ABOVE SAID ACT. 3. ACCORDINGLY WE DISMISS THE APPEAL OF THE REVENUE. HOWEVER LIBERTY IS GIVEN TO THE REVENUE TO SEEK RECALL OF THIS ORDER IF IT WARRANTS SO. ITA NO.2696/BANG/2018 SMT.RANJNI NARAYANASWAMY. 2 4. IN THE RESULT THE APPEAL FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED ON THIS 24 TH DAY OF MARCH 2021. SD/- SD/- ( CHANDRA POOJARI ) ( GEORGE GEORGE K ) ACCOUNTANT MEMBER JUDICIAL MEMBER BANGALORE; DATED : 24 TH MARCH 2021. DEVADAS G* COPY TO : 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE CIT(A)-6 BANGALORE. 4. THE PR.CIT-6 BANGALORE. 5. THE DR ITAT BENGALURU. 6. GUARD FILE. ASST.REGISTRAR/ITAT BANGALORE