Sai Ramalinga Reddy , Tirupati V. Income Tax Officer, Ward-2(1), Tirupati

ITA 1679/Hyd/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6872 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 5 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 21-01-2021
• Assessment Year: 2005-2006
• Appeal Filed On: 10-08-2018
• 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. 1 679 /HYD./ 2018 ASSESSMENT YEAR: 2005 - 06 SRI SAI RAMALINGA REDDY C VS. ITO, WARD 2 ( 1 ) TIRUPATI TIRUPATI PAN: AGEPR3675E (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) , TIRUPATI DATED 2 9.052018 RELATING TO A.Y. 20 05 - 06 . 2. AT THE OUTSET, THE LD.AR SUBMITTED BEFORE US THAT THE ASSESSEES DOES NOT WANT TO PURSUE THE APPEAL AS ASSESSEE HAS ALREADY FI LED FORMS I & II UNDER THE DIRECT TAXES VIVAD SE VISHWAS SCHEME, 2020 AND ITS ACCEPTANCE IS AWAITED . THEREFORE, CONSEQUENT TO THE SAME, THE ASSESSEES DESIRE TO WITHDRAW THE APPEAL BEFORE THE TRIBUNAL. HENCE IT WAS PLEADED, THAT THE APPEAL OF THE ASSESS EE MAY BE TREATED AS WITHDRAWN. 3. THE LD.DR CONCEDED TO THE REQUEST OF THE LD.A.R. ITA NO . 1679 /HYD./ 2018 AY 20 05 - 06 SRI SAI RAMALINGA REDDY C 2 4. AFTER HEARING BOTH THE PARTIES, ACCORDING TO THE REQUEST OF THE ASSESSEE I HEREBY ALLOW THE APPEAL OF THE ASSESSEE TO BE WITHDRAWN. I ALSO MAKE IT CLEAR THAT THE A SSESSEE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL WITHIN THE STIPULATED TIME AS PROVIDED 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 IN THE RESULT, THE APPEAL OF THE ASSES SEE IS DISMISSED AS WITHDRAWN.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 C RAMALINGA REDDY C/O CH. PARTHASARATHY & CO., 1 - 1 - 298 /2/B/3, 1 ST FLOOR, SOWBHAGYA AVVENUE, ST.NO.1, ASHOK NAGAR, HYDERABAD 500 020 . 2. ITO, WARD 2 ( 1 ), TIRUPATI . 3. ACIT, RANGE 2, TIRUPATI . 4 . C IT( A ), TIRUPATI . 5 . PR.CIT , TIRUPATI 6 D.R. ITAT HYDERABAD 7 . GUARD FILE