Asst. Commissioner of Income Tax, Central Circle-2(3), Hyderabad V. Bhuvanesh Constructions & Developers, Chittoor

ITA 1498/Hyd/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 8594 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 5 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-03-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2016-2017
• Appeal Filed On: 04-10-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SUNIL KUMAR PANDEY
• Section: 271(1)(c); 201; 22

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD A BENCH, HYDERABAD. BEFORE SHRI S.S. GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER (THROUGH VIRTUAL HEARING) ITA NO. 1498 /HYD/201 9 (ASSESSMENT YEAR : 201 6 - 17 ) DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(3), HYDERABAD. VS. M/S. BHUVANESH CONSTRUCTIONS & DEVELOPERS, 19 - 8 - 116/9, AIR BYPASS ROAD, TIRUPATI, CHITTOOR DISTRICT. PAN AAKFB 4304Q APPELLANT RESPONDENT APPELLANT BY : SHRI SUNIL KUMAR PANDEY (D.R.) RESPONDENT BY : NONE. DATE OF HEARING : 22 .03.2 021. DATE OF PRONOUNCEMENT : 25 .03 .2021. O R D E R PER SHRI S.S. GODARA, J.M. : THIS APPEAL BY REVENUE FOR THE ASST. YEAR 201 6 - 17 ARISES FROM THE COMMISSIONER OF INCOME TAX (APPEALS) - 12 , HYDERABAD ORDER DT. 2 4.07 .201 9 PASSED IN THE CASE NO. 10017/2018 - 19 IN THE PENALTY PROCEEDINGS UNDER SECTION 271(1)(C) OF INCOME TAX ACT, 1961 (THE ACT). NONE APPEARED ON ASSESSEE'S BEHEST. 2 ITA NO. 1 498 /HYD/201 9 2. LD. DR SUBMITTED THAT THE ASSESSEE HAS RECEIVED FORM 3 UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME - 2020 DT. 5.2.2021 AND ALSO ASSESSEE SUBMITTED THE SAID FORM 3 ISSUED BY THE DEPARTMENT. 3. IN VIEW OF THE SUBMISSION OF DR , NO PURPOSE WOULD BE SERV ED IF THE CASE IS KEPT PENDING. WE THEREFORE ORDER THAT THIS APPEAL BE TREATED AS DISMISSED AS WITHDRAWN . 4. THIS REVENUE 'S APPEAL IS DISMISSED AS WITHDRAWN IN ABOVE TERMS. ORDER PRONOUNCED IN THE OPEN COURT ON 25TH MARCH, 2021. SD/ - SD/ - (LAXMI PRASAD SAHU) (S.S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DT. 25 .03.2021. * REDDY GP COPY TO : 1. M/S. BHUVANESH CONSTRUCTIONS & DEVELOPERS, 19 - 8 - 116/9, AIR BYPASS ROAD, TIRUPATI, CHITTOOR DISTRICT. 2. DCIT, CENTRAL CIRCLE 2(3), HYDERABAD . 3. PR. C I T (CENTRAL) , HYDERABAD. 4. CIT(APPEALS) - 12 , HYDERABAD. 5. DR, ITAT, HYDERABAD. 6. GUARD FILE. BY ORDER SR. PVT. SECRETARY, ITAT, HYDERABAD.