Sathyanarayana Raju Kantheti , Hyderabad V. Dy. Commissioner of Income Tax , Circle-6(1), Hyderabad

ITA 1364/Hyd/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6870 (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

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. 1 364 /HYD./ 2019 ASSESSMENT YEAR: 2011 - 12 SH. SATHYANARAYANA RAJU KANTHETI VS. DY.CIT, CIRCLE 6(1) HYDERABAD HYDERABAD PAN: AJRPK5580B (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 21.06.2019 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.CI T. THEREFORE, CONSEQUENT TO THE SAME, THE ASSESSEE DESIRE S 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 HENCE IT WAS PLEADED, THAT THE APPEAL OF THE ASSESSEE MAY BE TREATED AS WITHDRAWN. 3.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 . 1364 /HYD./ 2019 AY 2011 - 12 SATHYA NARAYANA RAJU KANTHETI 2 4. AFTER HEA RING BOTH THE PARTIES, ACCORDING TO THE REQUEST OF THE ASSESSEE AND HIS AR, I HEREBY ALLOW THE APPEAL OF THE ASSESSEE TO BE WITHDRAWN. I ALSO MAKE IT CLEAR THAT THE ASSESSEE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL WITHIN THE STIPULATED TIME AS PROVID ED 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 IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN.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. SRI SATHYANARAYANA RAJU KANTHETI C/O KATRAPATI & ASSOCIATES, 1 - 1 - 298/2/B/3, 1 ST FLOOR, ASHOK NAGAR, HYDERABAD 500 020 . 2. DY. CIT, CIRCLE 6(1), H YDERABAD. 3. ACIT, RANGE 6 , HYDERABAD . 4 . C IT( A ) - 6 , HYDERABAD. 5 . PR.CIT - 6 , HYDERABAD 6 D.R. ITAT HYDERABAD 7 . GUARD FILE