Dy. Commissioner of Income Tax, Circle-16(2), Hyderabad V. Maruti Ispat & Energy Private Limited, Hyderabad

ITA 1059/Hyd/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5262 (ITAT-HYDERABAD)
• Duration Of Justice: 3 year(s) 7 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-02-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-A
• Next Hearing Date: 04-02-2021
• Assessment Year: 2010-2011
• Appeal Filed On: 22-06-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SUNIL KUMAR PANDEY
• Assessee Lawyers: ANAM SIDDIQUI
• Section: 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A : HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND LAXMI PRASAD SAHU, ACCOUNTANT MEMBER S.NO. ITA NO. AY APPELLANT RESPONDENT 01 1058/H/2017 2009 - 10 DY. COMMISSIONER OF INCOME - TAX, CIRCLE 16(2), HYDERABAD. MARUTI ISPAT & ENERGY PVT. LTD., HYDERABAD. PAN - AAFCM 7368H 02 1059/H/201 7 2010 - 11 - DO - - DO - 03 1060/H/2017 2012 - 13 - DO - - DO - REVENUE BY: SHRI SUNIL KUMAR PANDEY ASSESSEE BY: SHRI ANAM SIDDIQUI DATE OF HEARING: 04 /0 2 /2021 DATE OF PRONOUNCEMENT: 08 /0 2 /2021 O R D E R PER BENCH: T HESE REVENUE S APPEAL S FOR AY S 20 09 - 10, 2010 - 11 & 2012 - 13 ARE DIRECTED AGAINST THE CIT(A) - 6 , HYDERABADS ORDER S DATED 23/03/2017 PASSED IN APPEAL NO S . 0163, 0162 & 0172 /201 5 - 1 6 /A CIT, CIR. 16(2)/CIT(A) - 4/HYD/16 - 17 INVOLVING PROCEEDINGS U/S 14 3(3) OF THE INCOME - TAX ACT, 1961 ; IN SHORT THE ACT. 2. AT THE OUTSE T, LEARNED DR SUBMITTED THAT THE ITA NO S . 1058 TO 1060 /HYD/ 20 1 7 MARUTI ISPAT & ENERGY PVT. LTD., HYD. : - 2 - : REVENUE HA S FILED FOR SETTLEMENT SOUGHT IN THE FORM - I & II UNDER THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020 BEFORE THE PRESCRIBED AUTHORITY(IES) THEREIN. 4 . ON PERUSAL OF THE DOCUMENTS PLACED ON RECORD OF THE TRIBUNAL, WE FIND THAT THE REVENUE HA S PROPOSED TO SETTLE THE CASE S TAKING THE BENEFIT UNDER THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020. WE, THEREFORE, ARE OF THE OPINION THAT THE INSTANT APPEAL S OF THE REVENUE DESERVE TO BE DISMISSED AT THIS STAGE WITH A RIDER THAT IT SHALL BE VERY MUCH OPEN TO THE REVENUE TO SEEK REVIVAL OF THE CASE S BEFORE THE TRIBUNAL, IF THEIR SETTLEMENT PETIT ION S HEREINABOVE ARE REJECTED FOR THE TECHNICAL REASONS. 5 . IN THE RESULT, REVENUE APPEAL S ARE DISMISSED IN ABOVE TERMS. PRONOUNCED IN THE OPEN COURT ON 8 TH FEBRUARY , 2021 . SD/ - SD/ - (LAXMI PRASAD SAHU) (SATBEER SINGH GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDE RABAD, DATED : 8 TH FEBRUARY , 20 2 1 . ITA NO S . 1058 TO 1060 /HYD/ 20 1 7 MARUTI ISPAT & ENERGY PVT. LTD., HYD. : - 3 - : KV C OPY TO : 1 DCIT, CIRCLE 16(2), 2 ND FLOOR, B B LOCK, IT TOWERS, AC GUARDS, MASAB TANK, HYDERABAD. 2 M/S MARUTI ISPAT & ENERGY PVT. LTD., RAMA TOWERS, 5 - 4 - 83, 2 ND FLOOR, TSK CHAMBER, MG ROAD, SECUNDERABAD. 3 CIT(A) 4 , HYDERABAD. 4 PR. CIT - 4 , HYDERABAD 5 ITAT, DR, HYDERABAD. 6 GUARD FILE.