Ravi Kumar Akula , Mahabubnagar V. Dy. Commissioner of Income Tax , Circle-5(1), Hyderabad

ITA 1389/Hyd/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 3191 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 2 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-11-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2016-2017
• Appeal Filed On: 09-09-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUNIL KUMAR PANDEY
• Section: 20

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A : HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI D.S. SUNDERE SINGH, ACCOUNTANT MEMBER (THROUGH VIRTUAL CONFERENCE) I TA - TP NO. 1389 /HYD/20 19 ASSESSMENT YEAR: 2016 - 17 RAVI KUMAR AKULA, MAHABUB NAGAR, HYDERABAD. PAN A FTPA 2760 B VS DY. COMMISSIONER OF INCOME - TAX, CIRCLE 5 ( 1 ), HYDERABAD. (APPELLANT) (RESPONDENT) DATE OF HEARING : 19 - 1 1 - 20 20 DATE OF PRONOUNCEMENT : 19 - 1 1 - 20 20 O R D E R PER SMT. P. MADHAVI DEVI, J.M. : THIS IS ASSESSEES APPE AL FILE D AGAINST THE ORDER OF CIT(A) 4, HYDERABAD DATED 30/07/2019 RELATING TO AY 2016 - 17. 2. THIS APPEAL FILED BY THE ASSESSEE WAS TAKEN UP FOR HEARING THROUGH VIDEO CONFERENCE ON 19 /11/2020 AND BOTH THE PARTIES WERE HEARD. 3. THE LD.AR FOR THE ASSESSEE HAS REQUESTED FOR WITHDRAWAL OF T HE APPEAL FILED BY THE ASSESSEE STATING THAT THE ASSESSEE HAS FOR ASSESSEE : SHRI P. VINOD FOR REVENUE : SHR I SUNIL KUMAR PANDEY ITA NO . ITA NO. 1389/HYD /20 19 RAVI KUMAR AKULA, MAHABUB NAGAR. : - 2 - : OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE A.Y. UNDER CONSIDERATION UNDER VIVAD SE VISHWAS SCHEME, 2020. HE FURTHER SUBMITTED THAT AN APPLICATION TO THIS EFFECT HAS BEEN F ILED BY THE ASSESSEE AND THAT THE ASSESSEE HAS ALSO RECEIVED FORM - 3. 3. THE LD. DR HAS NO OBJECTION TO THE SAME. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF THE ASSESSEE FOR WITHDRAWAL OF THE APPEAL AS PR.CIT - 4 HAS ISSUED FORM - 3. 5. HOWEVER, THE AFORESAID IS SUBJECT TO A CAVEAT THAT IN CASE THE DISPUTE RELATING TO TAX ARREARS FOR THE CAPTIONED A.Y. IS NOT ULTIM ATELY RESOLVED IN TERMS OF THE AFORE - STATED ACT, THE APPELLANT (I.E. THE ASSESSEE) IS AT LIBERTY TO APPROACH THE TRIBUNAL FOR REINSTITUTION OF THE APPEAL AND THE TRIBUNAL SHALL CONSIDER SUCH APPLICATION APPROPRIATE AS PER LAW. THE LD. DR FOR THE REVENUE HA S NO OBJECTION WITH REGARD TO THE AFORESAID CAVEAT. 6. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER P RONOUNCED IN THE OPEN COURT ON 1 9 TH NOVEMBER , 20 20 . SD/ - SD/ - ( D.S. SUNDER SINGH ) ( P. MADHAVI DEVI ) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDE RABAD, DATED : 19 TH NOVEMBER , 20 20 . KV ITA NO . ITA NO. 1389/HYD /20 19 RAVI KUMAR AKULA, MAHABUB NAGAR. : - 3 - : C OPY TO : 1. SRI RAVI KUMAR AKULA, FLAT NO. 610, 6 TH FLOOR, BABUKHAN ESTATE, BASHEERBAGH, H YDERABAD 500 001 2. DC IT , CIRCLE - 5 ( 1 ), IT TOWERS, AC GUARDS, MASABTANK, HYDERABAD . 3 . CIT(A) 4, HYDERABAD. 4 . PR. CIT(A) 4, HYDERABAD. 5. D.R. ITAT, HYDERABAD.