Ajay Kumar Agarwal (HUF) , Hyderabad V. Income Tax Officer, Ward-5(2), Hyderabad

ITA 1544/Hyd/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 4052 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 3 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 03-02-2021
• Assessment Year: 2015-2016
• Appeal Filed On: 16-10-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD (THROUGH VIDEO CONFERENCING) BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER ITA NO. 1544/ HYD/ 2019 ASSESSMENT YEAR: 2015 - 16 AJAY KUMAR AGARWAL (HUF) HYDERABAD [PAN : AADHA3948J ] VS. INCOME TAX OFFICER WARD 5 ( 2 ) HYDERABAD ( APPELLANT) (RESPONDENT) ASSESSEE BY: SRI K. A. SAI PRASAD, ADV. REVENUE BY : SRI R OHIT MUJUMDAR, DR DATE OF HEARING: 03/02/ 2021 DATE OF PRONOUNCEMENT: 03 / 02 /20 21 ORDER PER SMT. P. MADHAVI DEVI, J.M THIS IS ASSESSEES APPEAL FOR THE A.Y 2015 - 16 AGAINST THE ORDER OF THE CIT (A) - 4 , HYDERABAD, DATED 06.08.2019 . 2. A T THE OUTSET, THE LD. AR S UBMITTED BEFORE US TH AT THE ASSESSEE DOES NOT WANT TO PURSUE THE APPEAL AS HE HAS ALREADY FILED FORMS I & II UNDER THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 SCHEME AND ITS ACCEPTANCE IS AWAITED . THEREFORE, CONSEQUENT TO THE SAME, THE ASSESSEE DESIRES TO WITHDRAW THE APPEAL BEFORE THE TRIBUNAL. HENCE IT WAS PLEADED, THAT THE APPEAL OF THE ASSESSEE MAY BE TREATED AS WITHDRAWN. ITA NO 1544 /HYD/1 9 AY 201 5 - 16 AJAY KUMAR AGARWAL (HUF) 2 3. THE LD. DR CONCEDED TO THE REQUEST OF THE LD. AR. 4. AFTER HEARING BOTH THE PARTIES, ACCORDING TO THE REQUEST OF TH E ASSESSEE AND ITS LD. AR, WE HEREBY ALLOW THE APPEAL OF THE ASSESSEE TO BE WITHDRAWN. WE 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 APPE AL, IF THE APPLICATION WITH RESPECT TO VIVAD SE VISHWAS SCHEME IS REJECTED. 5. IN THE RESULT, A PPEAL OF ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 03 RD FEBRUARY, 2021 . SD/ - SD/ - (A. MOHAN ALANKAMONY) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 03 RD FEBRUARY, 2021 . * GMV COPY TO: 1 AJAY KUMAR AGARWAL (HUF), C/O KATRAPATI & ASSOCIATES, 1 - 1 - 298/2/B/3, 1 ST FLOOR, ASHOK NAGAR, HYD ERABAD 500 020 . 2 ITO WARD 5 ( 2 ) , HYDERABAD /ACIT, RANGE 5 , HYDERABAD 3 CIT (A) - 4, HYDERABAD 4 PR. CIT 4, HYDERABAD 5 THE DR, ITAT HYDERABAD 6 GUARD FILE