Mohan Lal Kanktekar , Hyderabad V. Asst. Commissioner of Income Tax, Circle-7(1), Hyderabad

ITA 1023/Hyd/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 7653 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 2 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-08-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 23-08-2021
• Assessment Year: 2011-2012
• Appeal Filed On: 20-06-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: Y V S T SAI
• Assessee Lawyers: KIRAN MANOHAR SHRI S RAMA RAO
• Section: 201; 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES B : HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE S HRI SATBEER SINGH GODARA , JUDICIAL MEMBER AND LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO. 1023/HYD /20 1 9 A SSESSMENT Y EAR : 201 1 - 1 2 MOHAN LAL KANKTEKAR, HYDERABAD. PAN CDCPK 8439C VS. VS. ASST. COMMISSIONER OF INCOME - TAX, CIRCLE 7 (1), HYDERABAD. (APPELLANT) (RESPONDENT) ASSESSEE BY: SHRI KIRAN MANOHAR FOR SHRI S. RAMA RAO REVENUE BY: S HRI YVST SAI DATE OF HEARING: 23 /0 8 /2021 DATE OF PRONOUNCEMENT: 25 / 0 8 /2021 O R D E R PER BENCH : T H IS APPEAL FILED BY THE ASSESSEE FOR AY 201 1 - 1 2 IS DIRECTED AGAINST CIT(A) 3 , HYDERABAD , ORDER , DATED 1 7 / 0 5 /20 1 9 INVOLVING PROCEEDINGS U/S 143 ( 3) OF THE INCOME TAX ACT, 1961 ; IN SHORT THE ACT. 2. AT THE OUTSET, THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT THE ASSESSEE HAS OPTED TO AVAIL THE BENEFIT UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME - 2020 IN ITA NO. 1023/HYD/ 20 1 9 MOHAN LAK KANKTEKAR, H YDERABAD . : - 2 - : PRESCRIBED FORM NO.1 & 2 AND RECEIVED FORM(S) - 3 IN TUNE THERETO , AND THE SAME IS AVAILABLE ON RECORD, THEREFORE, REQUESTED THE BENCH TO PERMIT TO WITHDRAW THIS APPEAL OF THE ASSESSEE. 3 . HAVING REGARD TO THE FACTS AND CIRCUMSTANCES OF THE CASE, WE ARE INCLINED TO DISMISS THE APPEAL S OF THE ASSESSEE AS WITHDRAWN SINCE THE ASSESSEE HA S PREFERRED TO AVAIL THE VIVAD - SE - VISHWAS SCHEME BY FILING FORM NO.1 & 2 AND RECEIVED FORM(S) - 3 IN TUNE THERETO , WITH A RIDER THAT IT SHALL BE VERY MUCH OPEN FOR THE ASSESSEE TO FILE FOR REVIVAL OF TH E S E CASE S , IF THE SETTLEMENT BENEFIT UNDER THE SCHEME IS D ENIED TO HIM F OR TECHNICAL REASONS. 4 . IN THE RESULT, ASSESS EE S APPEAL IS DISMISSED IN ABOVE TERMS. PRONOUNCED IN THE OPEN COURT ON 25 TH AUGUST , 2021 . SD/ - SD/ - ( S.S. GODARA ) (L . P . SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDE RABAD, DATED : 25 TH AUGUST , 20 2 1 . KV ITA NO. 1023/HYD/ 20 1 9 MOHAN LAK KANKTEKAR, H YDERABAD . : - 3 - : C OPY TO : 1 MOHAN LAL KANKTEKAR, DOOR NO. 13 - 3 - 931/20/B, JIYAGUDA, NEAR MALLANNA TEMPLE, HYDERABAD 500 006. 2 AC IT, CIRCLE - 7 ( 1 ), SIGNATURE TOWERS, KONDAPUR, HYDERABA D 500 084 3 CIT(A) 3 , HYDERABAD 4 PR. CIT 3 , HYDERABAD 5 ITAT, DR, HYDERABAD 6 GUARD FILE.