Lahari Chethi Reddy , Hyderabad V. Income Tax Officer, Ward-15(1), Hyderabad

ITA 1201/Hyd/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 0879 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 6 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Assessment Year: 2014-2015
• Appeal Filed On: 29-07-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 201; 271B

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES B : HY DERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER IT A NO S . 1 201 & 1202 /H/201 8 ASSESSMENT YEAR: 20 14 - 1 5 LAHARI CHETHI REDDY, HYDERABAD. PAN A NBPC 2963Q VS. INCOME - TAX OFFICER, WARD 15(1), HYDERABAD. (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI SASHANK DUNDU FOR SHRI K.A. SAI PRASAD REVENUE BY : SHRI ROHIT MUJUMDAR DATE OF HEARING: 1 7 /0 2 /2021 DATE OF PRONOUNCEMENT: 24 / 0 2 /2021 O R D E R PER BENCH: TH E S E TWO ASSESSEES APPEAL S FOR AY 20 14 - 15 ARE DIRECTED AGAINST THE C I T(A) - 7 , HYDERABAD S SEPARATE ORDER S, DATED 03/07 201 8 INVOLVING PROCEEDINGS U/S 271A & 271B OF THE INCOME TAX ACT, 1961 ; IN SHORT THE ACT. I TA NO S . 1201 & 1202 /HYD/1 9 LAHARI CHETHI REDDY, HYD. : - 2 - : 2. AT THE OUTSET, THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT THE ASSESSEE HAS OPTED TO AVAIL DIRECT TAX VIVAD SE VISWAS SCHEME - 2020 AND HAD FILED FORM NO. 1 & 2 AND IS AWAITING TO RECEIVE FORM 3 FROM THE REVENUE. 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 HAVING REGARD TO THE FACTS AND CIRCUMSTANCES OF THE CASE, WE ARE INCLINED TO DISMISS THE APPEAL S OF THE ASSESSEE AS WITHDRAWN SINCE THE ASSESSEE HAS PREFERRED TO AVAIL THE VIVAD - SE - VISHWAS SCHEME BY FILING FORM NO.1 & 2 AND IS AWAITING TO RECEIVE FORM - 3 FROM THE REVENUE. ACCORDINGLY, WE HEREBY DISMISS THE APPEAL S OF THE ASSESSEE AS WITHDRAWN. HOWEVER, WE ALSO MAKE I T CLEAR THAT, IF THE ASSESSEE'S CASE S ARE NOT ACCEPTED IN THE VIVAD - SE - VISWAS SCHEME BY THE REVENUE FOR WHATSOEVER MAY BE THE REASON, THEN ASSESSEE SHALL BE AT LIBERTY TO FILE MISCELLANEOUS PETITION S BEFORE THE TRIBUNAL WITHIN THE TIME LIMIT PRESCRIBED UND ER THE ACT TO REINSTAT E HIS APPEAL S . I TA NO S . 1201 & 1202 /HYD/1 9 LAHARI CHETHI REDDY, HYD. : - 3 - : 4 . IN THE RESULT, ASSESSEES APPEAL IS DISMISSED IN ABOVE TERMS. PRONOUNCED IN THE OPEN COURT ON 24 TH FEBRUARY , 2021 . SD/ - SD/ - ( S.S. GODARA ) (LAXMI PRASAD SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDE RABAD, DATED : 24 TH FEBRUARY , 20 2 1 . K V C OPY TO : 1 SHRI LAHARI CHETHI REDDY, C/O KATRAPATHI & ASSOCIATES, 1 - 1 - 298/2/B/3, 1 ST FLOOR, ASHOK NAGAR, HYDERABAD 500 020 2 ITO, WARD 15(1), HYDERABAD. 3 C I T(A) 7 , HYDERABAD. 4 PR. CIT 7 , HYDERABAD 5 ITAT, DR, HYDERABAD. 6 GUARD FILE.