Dy.Commissioner of Income Tax, Circle-2(2), Hyderabad V. Hyderabad Galvanizing Private Linited, , Hyderabad

ITA 1573/Hyd/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 0786 (ITAT-HYDERABAD)
• Duration Of Justice: 3 year(s) 5 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-02-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 30-03-2021
• Assessment Year: 2013-2014
• Appeal Filed On: 12-09-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 143(3); 201

Judgement Text

` IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES B : HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER IT A NO. 1573 / /H/201 7 ASSESSMENT YEAR: 2013 - 14 DY . COMMISSIONER OF INCOME - TAX, CIRCLE 2 ( 2 ), HYDERABAD. VS. HYDERABAD GALVANIZING PVT. LTD., HYDERABAD. PAN A ACCH 2547 J (APPELLANT) (RESPONDENT) REVENUE BY : SHRI ROHIT MUJUMDAR ASSESSEE BY : S HRI SASHANK DUNDU FOR SHRI K.A. SAI PRASAD DATE OF HEARING: 08 /0 2 /2021 DATE OF PRONOUNCEMENT: 25 /0 2 /2021 O R D E R PER BENCH: TH IS REVENUE S APPEAL FOR AY 201 3 - 1 4 IS DIRECTED AGAINST THE C I T(A) - 2 , HYDERABAD S ORDER DA TED , 20 / 0 6 / 201 7 PASSED IN APPEAL NO. 0140/2016 - 17 INVOLVING PROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT, 1961 ; IN SHORT THE ACT. I TA NO. 1573 /HYD/1 7 M/S HYDERABAD GALVANIZING PVT. LTD. : - 2 - : 2. AT THE OUTSET, WE ARE INFORMED DURING THE COURSE OF HEARING FROM THE REVENUE SIDE THAT THE ASSESSEE HAS FILED FOR SETTLEMENT BENEFIT UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME - 2020 IN PRESCRIBED FORM NO.1 & 2 AND FORM(S) - 3 IN TUNE THERETO; IS AWAITING T O RECEIVE FROM REVENUE AND, THEREFORE REQUESTED TO WITHDRAW TH IS APPEAL. WE THEREFORE ORDER THAT TH IS APPEAL BE TREATED AS DISMISSED AS WITHDRAWN WITH A RIDER THAT IT SHALL BE VERY MUCH OPEN FOR THE REVENUE TO FILE FOR REVIVAL OF TH IS CASE, IF THE SETTLEMENT BENEFIT UNDER THE SCHEME IS DENIED TO THE ASSESSEE FOR TECHNICAL REASONS. 3 . IN THE RESULT, REVENUE S A PPEAL IS DISMISSED IN ABOVE TERMS. PRONOUNCED IN THE OPEN COURT ON 25 TH FEBRUARY , 2021 . SD/ - SD/ - ( S.S. GODARA ) (LAXMI PRASAD SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDE RABAD, DATED : 25 TH FEBRUARY , 20 2 1 . K V I TA NO. 1573 /HYD/1 7 M/S HYDERABAD GALVANIZING PVT. LTD. : - 3 - : C OPY TO : 1 ACIT, CIRCLE 2 ( 2 ), ROOM NO. 513, 5 TH FLOOR, SIGNATURE TOWERS, KONDAPUR, HYDERABAD. 2 M/S HYDERABAD GALVANIZING PVT. LTD., #840/A, ANKIREDDY PALLI VILLATE, KEESARA MANDAL, R.R. DIST., , HYDERABAD - 501301 3 C I T(A) 2 , HYDERABAD. 4 PR. CIT - 2 , HYDERABAD 5 ITAT, DR, HYDERABAD. 6 GUARD FILE.