M/s Myntra Designs Pvt ltd takes immunity under VSV Act, Cross Appeals filed earlier stands so Dismissed.

IN THE INCOME TAX APPELLATE TRIBUNAL
BANGALORE BENCHES “A”, BANGALORE

Before Shri George George K, JM & Shri B.R.Baskaran, AM

ITA No.2861/Bang/2018 : Asst.Year 2012-2013
ITA No.2862/Bang/2018 : Asst.Year 2013-2014
ITA No.2863/Bang/2018 : Asst.Year 2014-2015

M/s.Myntra Designs Pvt. Ltd.
AKR Tech Park 2nd Floor, Block A
7th Mile, Krishna Reddy Industrial
Area, Kudlu Gate, Off Hosur Road
Bengaluru – 560 068.
PAN : AAECM9636P.
(Appellant) 

vs.

The Dy.Commissioner of
Income-tax, Circle 4(1)(2)
Bangalore.
(Respondent)

ITA No.2945/Bang/2018 : Asst.Year 2012-2013
ITA No.2946/Bang/2018 : Asst.Year 2013-2014
ITA No.2947/Bang/2018 : Asst.Year 2014-2015

The Dy.Commissioner of Incometax,
Circle 4(1)(2)
Bangalore.
(Appellant) 

vs.

M/s.Myntra Designs Pvt. Ltd.
AKR Tech Park 2nd Floor,
Block A, 7th Mile, Krishna
Reddy Industrial Area, Kudlu
Gate, Off Hosur Road
Bengaluru – 560 068.
(Respondent)

Revenue by : Sri.Rajesh Kumar Jha, CIT-DR
Assessee by : --- None ---
Date of Hearing : 31.12.2020
Date of Pronouncement : 31.12.2020

O R D E R

Per George George K, JM

These cross appeals at the instance of the assessee and Revenue are directed against various orders of CIT(A), all dated 10th August, 2018. The relevant assessment years are 2012-2013 to 2014-2015.

2. At the time of hearing before us, the assessee has furnished letter dated 17th December, 2020, wherein it is stated that the assessee has opted for filing the application under Direct Tax Vivad Se Vishwas Act, for settlement of the dispute,and accordingly, prayed that the appeals may be treated as withdrawn. Accordingly, we are of the view that no purposewould be served in keeping the appeals pending, since thepresent appeals have to be withdrawn by the assessee or Revenue, once the dispute is settled under the above said Act.

3. Accordingly, we dismiss the appeals of the assessee andRevenue. However, liberty is given to the assessee / Revenue to seek recall of this order, if it warrants so.

4. In the result, the appeals filed by the assessee and Revenue are dismissed.

Order pronounced on this 31st day of December, 2020.

Sd/-                                                  Sd/-
(B.R.Baskaran)                               (George George K)
ACCOUNTANT MEMBER               JUDICIAL MEMBER

Bangalore; Dated : 31st December, 2020.
Devadas G*
Copy to :
1. The Appellant.
2. The Respondent.
3. The CIT(A)-4, Bangalore
4. The Pr.CIT-4, Bangalore.
5. The DR, ITAT, Bengaluru.
6. Guard File.

Asst.Registrar/ITAT, Bangalore