CELESTIAL AVENUES PVT LTD REP. BY CSK PROPERTIES PVT LTD ON MERGER-PAN-AADCC3990R,HYDERABAD. V. ASST. COMMISSIONER OF INCOME TAX, CIRCLE -1(2), HYDERABAD.

ITA 212/HYD/2024

AI Insights

Celestial Avenues Private Limited filed an appeal against the order of the CIT (A)-NFAC Delhi for the Assessment Year 2017-18. During the proceedings, the assessee opted for the Vivad-se-Vishwas Scheme, 2024, a government initiative aimed at resolving pending tax disputes. The assessee submitted Form No.3, dated 27/12/2024, to the Tribunal, seeking permission to withdraw the appeal following the settlement of the dispute under the scheme. The Departmental Representative did not object to the withdrawal. Consequently, the Tribunal allowed the withdrawal of the appeal, dismissing it as withdrawn.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 473241 (ITAT-HYDERABAD)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-01-2025
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2017-2018
• Laws Referred To: Vivad-se-Vishwas Scheme 2024
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: SAI PRASAD
• Keywords: Competent authority

Judgement Text

" ITA No 212 of 2024 Celestial Avenues Pvt Ltd Page 1 of 4 आयकर अपीलȣय अͬधकरण, हैदराबाद पीठ IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad Before Shri Vijay Pal Rao, Vice-President A N D Shri Manjunatha, G. Accountant Member आ.अपी.सं /ITA No.212/Hyd/2024 (िनधाŊरण वषŊ/Assessment Year: 2017-18) Celestial Avenues Private Limited (Represented by CSK Properties (P) Ltd (on merger-PAN-AADCC3990R Hyderabad PAN:AACCC7999R Vs. Asstt. Commissioner of Income Tax, Circle 1(2) Hyderabad (Appellant) (Respondent) िनधाŊįरती Ȫारा/Assessee by: Shri K.A. Sai Prasad, CA राज̾ व Ȫारा/Revenue by:: Shri Srinath Sadanala, DR सुनवाई की तारीख/Date of hearing: 01/01/2025 घोषणा की तारीख/Pronouncement: 01/01/2025 आदेश/ORDER Per Vijay Pal Rao, Vice President This appeal by the assessee is directed against the order dated, 23/01/2024 of the learned CIT (A)-NFAC Delhi, relating to A.Y.2017-18. यह Ǔनधा[ǐरती कȧ अपील ͪवɮवान सीआइटȣ (ए)-एनएफएसी Ǒदã लȣ क े Ǒदनांक, 23/01/2024 को पाǐरत आदेश क े ͪवǾɮध Ǔनदेͧशत है, जो Ǔनधा[रण वष[ 2017-18 से संबंͬधत है । ITA No 212 of 2024 Celestial Avenues Pvt Ltd Page 2 of 4 2. At the time of hearing, the learned AR of the assessee has submitted that the assessee has opted for Vivad-se-Vishwas Scheme of 2024 to settle the tax dispute involved in the present appeal. The competent authority has issued Form No.3, dated 27/12/2024, copy of which is filed on record. Thus, the learned AR has submitted that the assessee is seeking permission to withdraw the appeal as the dispute has been settled under the Vivad-se-Vishwas Scheme 2024. 2. सुनवाई क े समय, करदाता क े ͪवɮवान ए.आर. ने Ĥèतुत ͩकया है ͩक करदाता ने वत[मान अपील मɅ शाͧमल कर ͪववाद को Ǔनपटाने क े ͧलए ͪववाद-से- ͪवæवास योजना 2024 का ͪवकãप चुना है। स¢म Ĥाͬधकारȣ ने फॉम[ संÉया 3, Ǒदनांक 27/12/2024 को जारȣ ͩकया है, िजसकȧ ĤǓत अͧभलेख मɅ दज[ है। इस Ĥकार, ͪवɮवान ए.आर. ने Ĥèतुत ͩकया है ͩक करदाता अपील वापस लेने कȧ अनुमǓत मांग रहा है Èयɉͩक ͪववाद का Ǔनपटारा ͪववाद-से-ͪवæवास योजना 2024 क े तहत ͩकया जा चुका है। 3. The learned DR has raised no objection, if the present appeal of the assessee is dismissed as withdrawn in view of the settlement of dispute under Vivad-se-Vishwas. 3. यǑद ͪववाद-से-ͪवæवास क े तहत ͪववाद क े Ǔनपटारे क े मɮदेनजर करदाता कȧ वत[मान अपील को वापस लेते हुए खाǐरज कर Ǒदया जाता है, तो ͪवɮवान डी.आर. ने कोई आपͪƣ नहȣं उठाई है। ITA No 212 of 2024 Celestial Avenues Pvt Ltd Page 3 of 4 4. Having considered the submissions of both the parties and going through the record, we find the assessee has filed an application for seeking permission to withdraw the present appeal in view of the tax dispute settled under Vivad-se-Vishwas Scheme, 2024. The competent authority issued Form No.3 dated 27/12/2024. Consequently, the assessee is allowed to withdraw the present appeal. Accordingly, the present appeal of the assessee is dismissed as withdrawn since the assessee has already opted for Vivad-se-Vishwas Scheme, 2024. The assessee can approach the Tribunal in case the settlement is not accepted by the Department under Vivad se Vishwas Scheme 2024, for whatsoever may be the reason, then the assessee shall be at liberty to file Miscellaneous Application before the Tribunal within the time limit prescribed under the Act to reinstate assessee's appeal. Ordered accordingly. 4. दोनɉ प¢ɉ क े Ĥèतुतीकरण पर ͪवचार करने और अͧभलेख को देखने क े बाद, हम पाते हɇ ͩक Ǔनधा[ǐरती ने ͪववाद-से-ͪवæवास योजना, 2024 क े तहत Ǔनपटाए गए कर ͪववाद क े मɮदेनजर वत[मान अपील को वापस लेने कȧ अनुमǓत मांगने क े ͧलए एक आवेदन दायर ͩकया है। स¢म Ĥाͬधकारȣ ने फॉम[ संÉया 3 Ǒदनांक 27/12/2024 को जारȣ ͩकया। पǐरणामè वǾप , Ǔनधा[ǐरती को वत[मान अपील वापस लेने कȧ अनुमǓत दȣ गई है। तदनुसार, Ǔनधा[ǐरती कȧ वत[मान अपील को वापस ͧलया गया मानकर खाǐरज कर Ǒदया गया है Èयɉͩक मूãयांकनकता[ ने पहले हȣ ͪववाद-से-ͪवæवास योजना, 2024 का ͪवकãप चुना है। Ǔनधा[ǐरती अͬधकरण से संपक [ कर सकता है यǑद समझौता ͪवभाग ɮवारा ͪववाद से ͪवæवास योजना 2024 क े तहत èवीकार नहȣं ͩकया जाता है, चाहे जो भी कारण हो, ITA No 212 of 2024 Celestial Avenues Pvt Ltd Page 4 of 4 करदाता को अͬधǓनयम क े तहत Ǔनधा[ǐरत समय सीमा क े भीतर Ûयायाͬधकरण क े सम¢ ͪवͪवध आवेदन दायर करने कȧ èवतंğता होगी ताͩक करदाता कȧ अपील को बहाल ͩकया जा सक े। तदनुसार आदेश Ǒदया गया। 5. In the result, the appeal of the assessee is dismissed as 'withdrawn'. 5. पǐरणामè वǾप Ǔनधा[ǐरती कȧ अपील को वापस लेने क े कारण खाǐरज ͩकया जाता है । Order pronounced in the Open Court on the conclusion of the hearing i.e. on 1st January, 2025. आदेश कȧ उɮघोषणा खुलȣ अदालत मɅ सुनवाई क े अंत मɅ अथा[त 1,जनवरȣ 25 को कȧ गयी । Sd/- Sd/- (MANJUNATHA, G) ACCOUNTANT MEMBER (VIJAY PAL RAO) VICE-PRESIDENT Hyderabad, dated 1st January, 2025 Vinodan/sps Copy to: S.No Addresses 1 Celestial Avenues (P) Ltd, c/o Katrapati & Associates, 1-1-298/2/B/3 Sowbhagya Avenue Apts, 1st Floor, Ashoknagar, Street No.1 Secunderabad 500020 2 Asstt. Commissioner of Income Tax, Circle 1(2) IT Towers, Masab Tank, Hyderabad 3 Pr. CIT - Hyderabad 4 DR, ITAT Hyderabad Benches 5 Guard File By Order "