JWT Mindset Advertising Private Limited , Hyderabad V. Asst. Commissioner of Income Tax, Circle-2(1), Hyderbad

ITA 1895/Hyd/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 7075 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 7 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-08-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2016-2017
• Appeal Filed On: 27-12-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: A. SADA SIVA
• Section: 143(3); 20

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A : HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO. 1895 /H/20 19 ASSESSMENT YEAR: 20 1 6 - 17 M/S JWT MINDSET ADVERTISING PVT.LTD. HYDERABAD PAN AACCM3895L VS. ACIT, CIRCLE 2(1) HYDERABAD (APPELLANT) (RESPONDENT) ASSESSEE BY: SHRI A. SADA SIVA REVENUE BY SHRI A. VENKATA RAO DATE OF HEARING: 18 /0 8 /2021 DATE OF PRONOUNCEMENT: 24 /0 8 /2021 O R D E R PER LAXMI PRASAD SAHU, A.M. : THIS APPEAL FILED BY THE ASSESSEE FOR AY 20 1 6 - 17 IS DIRECTED AGAINST CIT(A) - 2 , HYDERABADS ORDER DATED 30 / 10 /201 9 INVOLVING PROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT, 1961 ; [ IN SHORT THE ACT ] . 2. AT THE OUTSET, THE LD. A R SUBMITTED THAT THE ASSESSEE HAS OPTED TO AVAIL THE BENEFIT UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME - 2020 IN PRESCRIBED FORM S AND FORM 5 ALSO ITA NO. 1895 /HYD/2019 M/S JWT MINDSET ADVERTISING PVT.LTD. HYDERABAD : - 2 - : WAS ISSUED BY THE PR.CIT - 2, COPIES OF WHICH ARE PLACED ON RECORD, AND REQUESTED THE BENCH TO PERMIT THE ASSESSEE TO WITHDRAW THE APPEAL. 3. HAVING REGARD TO THE FACTS AND CIRCUMSTANCES OF THE CASE, WE ARE INCLINED TO DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN , SINCE THE ASSESSEE HAS PREFER RED TO AVAIL THE VIVAD - SE - VISHWAS SCHEME AND ALSO RECEIVE D FORM - 5 IN TUNE THERETO . 4 . IN THE RESULT, ASSESSEES APPEAL IS DISMISSED IN ABOVE TERMS. PRONOUNCED IN THE OPEN COURT ON 24 TH AUGUST, 2021. SD/ - SD/ - (S. S. GODARA) (L.P. SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDERABAD, DATED: 24 TH AUGUST, 2021. *GMV COPY TO : 1 M/S JWT MINDSET ADVERTISING PVT. LTD., C/O M ANANDAM & CO, CAS, FLAT NO.7A, SURYA TOWERS, SP ROAD, HYDERABAD 500 003 2 ACIT, CIRCLE 2(1), HYDERABAD 3 ACIT, RANGE 2, HYDERABAD 4 CIT (A) - 2, HYDERABAD 5 PRCIT - 2, HYDERABAD 6 ITAT, DR, HYDERABAD 7 GUARD FILE. ITA NO. 1895 /HYD/2019 M/S JWT MINDSET ADVERTISING PVT.LTD. HYDERABAD : - 3 - : S.NO. DETAILS DATE 1 DRAFT DICTATED ON 2 DRAFT PLACED BEFORE AUTHOR 3 DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER 4 DRAFT DISCUSSED/APPROVED BY SECOND MEMBER 5 APPROVED DRAFT COMES TO THE SR. PS/PS 6 KEPT FOR PRONOUNCEMENT 7 FILE SENT TO BENCH CLERK 8 DATE ON WHICH THE FILE GOES TO HEAD CLERK 9 DATE ON WHICH FILE GOES TO A.R. 10 DATE OF DISPATCH OF ORDER