Vanaparthy Srinivasa Rao , Secunderabad V. Income Tax Officer, Ward-10(5), Hyderabad

ITA 1363/Hyd/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6874 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 4 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Next Hearing Date: 21-01-2021
• Assessment Year: 2011-2012
• Appeal Filed On: 30-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: K A SAI PRASAD
• Section: 10

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD SMC BENCH : HYDERABAD (THROUGH VIDEO CONFERENC E ) BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER ITA NO. 1363 /HYD./20 19 ASSESSMENT YEAR: 2011 - 12 SHRI VANAPARTHY SRINIVAS A RAO VS. ITO, WARD 1 0 ( 5 ) SECUNDERABAD HYDERABAD PAN: AAZPV2649F (APPELLANT) (RESPONDENT) FOR ASSESSEE : SH. K.A. SAI PRASAD, ADV. FOR REVENUE : SH. ROHIT MUJUMDAR , D.R. DATE OF HEARING : 21 / 01 /202 1 DATE OF PRONOUNCEMENT : 28 / 01 /202 1 O R D E R THIS IS ASSESSEES APPEAL FILED AGAINST THE ORDER OF CIT(A) - 6, HYDERABAD DATED 30.05.2019 RELATING TO A.Y. 2011 - 12. 2. AT THE OUTSET, THE LD.AR SUBMITTED BEFORE US THAT THE ASSESSEES DOES NOT WANT TO PURSUE THE APPEAL AS ASSESSEE HAS ALREADY FILED FORMS I & II UNDER THE DIRECT TAXES VIVAD SE VISHWAS SCHEME, 2020 AND FORM 3 HAS ALSO BEEN ISSUED BY THE CONCERNED PR.CIT. THEREFORE, CONSEQUENT TO THE SAME, THE ASSESSEES DESIRE TO WITHDRAW THE APPEAL BEFORE THE TRIBUNAL. HENCE IT WAS PLEADED, THAT THE APPEAL OF THE ASSESSEE MAY BE TREATED AS WITHDRAWN. 3. THE LD.DR CONCEDED TO THE REQUEST OF THE LD.A.R. ITA NO . 1363 /HYD./ 2019 AY 2011 - 12 SHRI VANAPARTHY SRINIVASA RAO . 2 4. AFTER HEARING BOTH THE PARTIES, ACCORDING TO THE REQUEST OF THE ASSESSEE AND HER AR, I HEREBY ALLOW THE APPEAL OF THE ASSESSEE TO BE WIT HDRAWN. I ALSO MAKE IT CLEAR THAT THE ASSESSEE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL WITHIN THE STIPULATED TIME AS PROVIDED UNDER THE ACT, IN ORDER TO REINSTATE THE APPEAL, IF THE APPLICATION WITH RESPECT TO VIVAD SE VISHWAS SCHEME IS REJECTED. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN OPEN COURT ON 28 /01/2021 . SD/ - (P. MADHAVI DEVI) JUDICIAL MEMBER DATED: 28 TH JANUARY, 2021 *GMV COPY OF ORDER FORWARDED TO: 1. SHRI VANAPARTHY SRINIVASA RAO, C/O KATRAPATI & ASSOCIATES, 1 - 1 - 298/2/B/3, 1 ST FLOOR, ASHOK NAGAR, HYDERABAD 500 020 . 2. ITO, WARD 1 0(5) , HYDERABAD. 3. ACIT, RANGE 1 0 , HYDERABAD . 4 . C IT( A ) - 6 , HYDERABAD. 5 . PR.CIT - 6 , HYDERABAD 6 D.R. ITAT HYDERABAD 7 . GUARD FILE