M/s AO Smith India Water Products Private Limited , Bangalore v. Deputy Commissioner of Income TAx Circle-1(1)(1), Bangalore

ITA 2819/BANG/2017 | 2013-2014
Pronouncement Date: 15-03-2021 | Result: Dismissed

Appeal Details

RSA Number 281921114 RSA 2017
Assessee PAN AAFCA8954R
Bench Bangalore
Appeal Number ITA 2819/BANG/2017
Duration Of Justice 3 year(s) 2 month(s) 23 day(s)
Appellant M/s AO Smith India Water Products Private Limited , Bangalore
Respondent Deputy Commissioner of Income TAx Circle-1(1)(1), Bangalore
Appeal Type Income Tax Appeal
Pronouncement Date 15-03-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted B
Tribunal Order Date 15-03-2021
Date Of Final Hearing 15-03-2021
Next Hearing Date 15-03-2021
Last Hearing Date 13-07-2020
First Hearing Date 23-12-2019
Assessment Year 2013-2014
Appeal Filed On 22-12-2017
Judgment Text
ITA NO.2819/BANG/2017 M/S. AO SMITH INDIA WATER PRODUCTS PVT. LTD. BENGA LURU IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: BANGALORE BEFORE SHRI B. R. BASKARAN ACCOUNTANT MEMBER AND SMT. BEENA PILLAI JUDICIAL MEMBER ITA NO.2819/BANG/2017 ASSESSMENT YEAR: 2013-14 M/S. AO SMITH INDIA WATER PRODUCTS PVT. LTD. #300 PHASE II KIADB INDUSTRIAL AREA HORAHALLI TALUKA KANAKAPURA 562 112 PAN NO : AAFCA8954R VS. DEPUTY COMMISSIONER OF INCOME-TAX CIRCLE-1(1)(1) BENGALURU APPELLANT RESPONDENT APPELLANT BY : SMT. RASHMI A.R. RESPONDENT BY : SHRI MUZAFFAR HUSSAIN D.R. DATE OF HEARING : 15.03.2021 DATE OF PRONOUNCEMENT : 15.03.2021 O R D E R PER B.R. BASKARAN ACCOUNTANT MEMBER: THE ASSESSEE HAS FILED THIS APPEAL CHALLENGING THE ORDER DATED 30.10.2017 PASSED BY THE AO FOR THE ASSESSMENT YEAR 2013-14 U/S 143(3) R.W.S. 144C OF THE ACT IN PURSUANCE OF DIREC TIONS GIVEN BY LD DRP. 2. THE ASSESSEE HAS SENT AN E-MAIL WHEREIN IT IS STATED THAT THE ASSESSEE HAS OPTED TO SETTLE THE DISPUTE IN ITS APP EAL UNDER DIRECT TAXES VIVAD SE VISHWAS ACT 2020 BY FILING FORM NO. 1 & 2. IT IS FURTHER STATED THAT THE ASSESSEE HAS RECEIVED FORM NO.3 ALSO. ACCORDINGLY IT IS STATED THAT THE ASSESSEE SEEKS T O WITHDRAW THE ITA NO.2819/BANG/2017 M/S. AO SMITH INDIA WATER PRODUCTS PVT. LTD. BENGA LURU PAGE 2 OF 2 APPEAL. HOWEVER IT IS PRAYED THAT LIBERTY MAY BE GRANTED TO THE ASSESSEE TO SEEK RECALL OF THE ORDER IF MATTERS AR E NOT CONCLUDED UNDER VSV ACT. 3. THE LD D.R DID NOT OBJECT TO THE PLEA OF THE ASSESSEE. 4. WE HEARD THE PARTIES. SINCE THE ASSESSEE HA S OPTED TO SETTLE THE ISSUES CONTESTED IN THIS APPEAL UNDER THE DIRECT TA XES VIVAD SE VISHWAS ACT 2010 NO PURPOSE WILL BE SERVED IN KEE PING THIS APPEAL PENDING. ACCORDINGLY WE DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN. HOWEVER WE GIVE LIBERTY TO THE ASSESSE E TO SEEK RECALL OF THIS ORDER IN ACCORDANCE WITH LAW IF THE CIRCUMSTA NCES SO WARRANT. 5. IN THE RESULT APPEAL THE ASSESSEE IS DISMISS ED. ORDER PRONOUNCED IN THE OPEN COURT ON 15 TH MAR 2021 SD/- (BEENA PILLAI) JUDICIAL MEMBER SD/- (B.R. BASKARAN) ACCOUNTANT MEMBER BANGALORE DATED 15 TH MAR 2021. VG/SPS COPY TO: 1. THE APPLICANT 2. THE RESPONDENT 3. THE CIT 4. THE CIT(A) 5. THE DR ITAT BANGALORE. 6. GUARD FILE BY ORDER ASST. REGISTRAR ITAT BANGALORE.