The Dist. Co- Operative Central Bank Limited,, Srikakulam v. The Dy, CIT,, Srikakulam

ITA 304/VIZ/2017 | 2013-2014
Pronouncement Date: 18-03-2021 | Result: Dismissed

Appeal Details

RSA Number 30425314 RSA 2017
Assessee PAN AABTD0028Q
Bench Visakhapatnam
Appeal Number ITA 304/VIZ/2017
Duration Of Justice 3 year(s) 9 month(s) 26 day(s)
Appellant The Dist. Co- Operative Central Bank Limited,, Srikakulam
Respondent The Dy, CIT,, Srikakulam
Appeal Type Income Tax Appeal
Pronouncement Date 18-03-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted DB
Tribunal Order Date 18-03-2021
Assessment Year 2013-2014
Appeal Filed On 22-05-2017
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL VISAKHAPATNAM BENCH VISAKHAPATNAM (T HROUGH WEB - BASED VIDEO CONFERENCING PLATFORM) BEFORE SHRI N.K. CHOUDHRY HONBLE JUDICIAL MEMBER & SHRI D.S. SUNDER SINGH HON'BLE ACCOUNTANT MEMBER I . T . A . NO. 304 / VIZ /2017 (ASST. YEAR : 20 1 3 - 1 4 ) M/S. THE DISTRICT CO - OPERATIVE CENTRAL BANK LTD. DANDI VEEDHI C.B. ROAD SRIKAKULAM. V S. DC IT CIRCLE - 4 (1) SRIKAKULAM . PAN NO. AABTD 0028 Q (APPELLANT ) (RESPONDENT) ASSESSEE BY : SHRI G.V.N. HARI ADVOCATE . DEPARTMENT BY : SMT. SUMAN MALIK SR. DR DATE OF HEARING : 18 / 0 3 /2021 . DATE OF PRONOUNCEMENT : 18 / 0 3 /20 2 1 . O R D E R PER N.K. CHOUDHRY JUDICIAL MEMBER: THIS APPEAL HAS BEEN PREFERRED BY THE ASSESSEE AGAINST THE ORDER DATED 13/03/2017 IMPUGNED HEREIN PASSED BY THE LD.CIT(A) - 2 GUNTUR U/SEC. 250(6) OF THE INCOME TAX ACT 1961 (HEREINAFTER REFERRED TO AS THE 'ACT') FOR THE A.Y. 2013 - 14 . 2. THE A SSESSEE HA S PREFERRED AN APPLICATION UNDER CONSIDERATION DATED 26/02/2021 FOR WITHDRAWAL OF THE APPEAL. 3. DUR ING THE COURSE OF HEARING L D. COUNSEL FOR THE A SSESSEE HAS SUBMITTED THAT SINCE A SSESSEE HA S AVAILED THE IMMUNITY 2 ITA NO. 304 /VIZ/20 17 ( M/S. THE DISTRICT CO - OPERATIVE BANK LTD. ) SCHEME I.E . VIVAD SE VISHWAS UNDER T HE DIRECT TAX VIVAD SE VISHWAS ACT 2020 AND T HE INCOME TAX DEPARTMENT HAS ISSUED FORM NO.3 DATED 17/02/2021 IN RESPONSE TO THE APPLICATION FILED BY THE A SSESSEE UNDER THE SCHEME THEREFORE APPEAL OF THE A SSESSEE MAY BE ALLOWED TO BE DISMISSED AS WITHDRAWN WITH LIBERTY TO SEEK RECALL OF THE ORDER IN CASE ANY UNFORESEEN CIRCUMSTANCES WOULD ARISE IN FUTURE. 4. THE LD. DR RAI SED NO OBJECTION IF THE APPEAL OF THE A SSESSEE IS ALLOWED TO BE DISMISSED AS WITHDRAWN. 5. HAVING HEARD BOTH THE PART IES AND PERUSED THE APPLICATION FOR WI THDRAWAL OF THE APPEAL AND FORM NO. 3 (COPY ALREADY ON RECORD) ISSUED BY THE DEPARTMENT. CONSIDERING THE FACT S AND CIRCUMSTANCES OF THE CASE THE APPEAL OF ASSESSEE IS LIABLE TO BE DISMISSED AS WITHDRAWN WITH LIBERTY TO SEEK RECALL OF THE ORDER AS PRAYED FOR IN ACCORDANCE WITH LAW HENCE ORDERED ACCORDINGLY. 6. IN THE RESULT APPEAL OF THE ASSESSEE STANDS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN OPEN COURT ON THIS 1 8 TH DAY OF MARCH 2021 . S D / - S D / - ( D.S.SUNDER SINGH) ( N.K.CHOUDHRY ) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 18 TH MARCH 2021 . VR/ - 3 ITA NO. 304 /VIZ/20 17 ( M/S. THE DISTRICT CO - OPERATIVE BANK LTD. ) COPY TO: 1. THE ASSESSEE M/S. THE DISTRICT CO - OPERATIVE CENTRAL BANK LTD. DANDI VEEDHI C.B. ROAD SRIKAKULAM. 2. THE REVENUE DCIT CIRCLE - 4(1) SRIKAKULAM. 3. THE PR.CIT - 2 VISAKHAPATNAM . 4. THE CIT(A) - 2 GUNTUR . 5. THE D.R. VISAKHAPATNAM. 6. GUARD FILE. BY ORDER (VUKKEM RAMBABU) SR. PRIVATE SECRETARY ITAT VISAKHAPATNAM.