Income Tax Appellate Tribunal - Bangalore
Eadar Jayaprakash Narayana,Karnataka vs Income Tax Officer, Ward-1, Koppal, ... on 6 March, 2025
IN THE INCOME TAX APPELLATE TRIBUNAL
'A' BENCH: BANGALORE
BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND
SHRI PRAKASH CHAND YADAV, JUDICIAL MEMBER
ITA No.1692/Bang/2024
Assessment Years: 2018-19
Eadar Jayaprakash Narayana, Vs. The Income Tax Officer,
Sri Dhanalakshmi Agro Agencies and Ward - 1,
Traders, Koppal.
APMC Yard,
Tawaragera Road, Kanakagiri,
Koppal.
PAN - AIMPN 1148 E
APPELLANT RESPONDENT
Assessee by : Shri Giriraj Naidu, CA
Revenue by : Shri Ganesh R Gale, Standing Counsel for Dept.
Date of hearing : 08.01.2025
Date of Pronouncement : 06.03.2025
ORDER
PER WASEE M AHMED, ACCOUNTANT MEMBER:
This is an appeal filed by the assessee against the order passed by the NFAC, Delhi dated 30/07/2024 vide DIN No. ITBA/NFAC/S/250/ 2024-25/1067148875(1) for the assessment year 2018-19.
2. In the present appeal, the assessee has contended that he intends to settle the dispute under Vivad Se Vishwas (VSV) Scheme 2024 introduced by the Government of India. Accordingly, during the course of the proceedings before us, the ld. Authorized Representative (AR) of ITA No.1692/Bang/2024 Page 2 of 3 the assessee submitted that the assessee is in the process of settling the tax dispute in the appeal on hand and filed Form-2 as prescribed under the Direct Tax Vivad se Vishwas Scheme (DTVSV), 2024, issued by the Competent Authority in support of his contention. Accordingly, the ld. AR filed the letter dated 28-12-2024 requesting for the withdrawal of appeal.
3. The Learned Departmental Representative (DR) confirmed the submission of the AR and raised no objection to the dismissal of the appeal in light of the settlement of dispute under DTVSV, 2024.
4. Considering the submission of the parties and in view of the fact that Form-2 has been issued by the revenue authority, we find that no purpose would be served by keeping this appeal pending before the Tribunal. Accordingly, this appeal is dismissed as the issue is being resolved under the Direct Tax Vivad se Vishwas Scheme, 2024. However, before parting it is clarified that in the event the Competent Authority under DTVSV, 2024, for any reason, deems the settlement to be non- operative or invalid, the Assessee shall be at liberty to approach the Tribunal by filing a suitable application for restoration of the appeal to its original number as per the provisions of law.
5. In the result, the appeal filed by the Assessee is hereby dismissed under DTVSV 2024.
Order pronounced in court on 6th day of March, 2025 Sd/- Sd/-
(PRAKASH CHAND YADAV) (WASEEM AHMED)
Judicial Member Accountant Member
Bangalore
Dated, 6th March, 2025
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ITA No.1692/Bang/2024
Page 3 of 3
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
.