Chalasani Venkateswara Rao , Hyderabad V. Dy. Commissioner of Income Tax , Circle-2(1), Hyderabad

ITA 24/Hyd/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 4241 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 4 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-05-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2013-2014
• Appeal Filed On: 06-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: RAVI BHARDWAJ
• Section: 13

Judgement Text

ITA NO 24 OF 2020 CHALASANI VENKATESWARA RAO HYDE RABAD PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD A BENCH, HYDERABAD (THROUGH VIDEO CONFERENCING) BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO.24/HYD/2020 ASSESSMENT YEAR: 2013-14 SRI CHALASANI VENKATESWARA RAO, HYDERABAD PAN:ABJPC7670A VS. DY. COMMISSIONER OF INCOME TAX, CIRCLE 2(1) HYDERABAD (APPELLANT) (RESPONDENT) ASSESSEE BY: SRI RAVI BHARDWAJ REVENUE BY : SRI SUNIL KUMAR PANDEY,DR DATE OF HEARING: 07/05/2021 DATE OF PRONOUNCEMENT: 19/05/2021 ORDER PER SMT. P. MADHAVI DEVI, J.M. THIS IS ASSESSEES APPEAL FOR THE A.Y 2013-14 AGAIN ST THE ORDER OF THE CIT (A)-2, HYDERABAD, DATED 31.10. 2019. 2. A T THE OUTSET, THE LD. AR SUBMITTED BEFORE US THAT T HE ASSESSEE DOES NOT WANT TO PURSUE THE APPEAL AS IT H AS ALREADY FILED FORMS I & II UNDER THE VIVAD SE VISHWAS SCH EME 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 HENCE IT WAS PLEADED, THAT THE APPEAL OF THE ASSESS EE MAY BE TREATED AS WITHDRAWN. 3. THE LD. DR CONCEDED TO THE REQUEST OF THE LD. AR . 4. AFTER HEARING BOTH THE PARTIES, ACCORDING TO THE REQUEST OF THE ASSESSEE AND ITS LD. AR, WE HEREBY ALLOW THE APPEAL OF THE ITA NO 24 OF 2020 CHALASANI VENKATESWARA RAO HYDE RABAD PAGE 2 OF 2 ASSESSEE TO BE WITHDRAWN. WE ALSO MAKE IT CLEAR THA T THE ASSESSEE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL WITHIN THE STIPULATED TIME AS PROVIDED UNDER THE ACT, IN ORDER TO REINSTA TE THE APPEAL, IF THE APPLICATION WITH RESPECT TO VIVAD SE VISHWAS SC HEME IS REJECTED. 5. IN THE RESULT, APPEAL OF ASSESSEE IS DISMISSED A S WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 19 TH MAY, 2021. SD/- SD/- (LAXMI PRASAD SAHU) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 19 TH MAY, 2021. VINODAN/SPS COPY TO: S.NO ADDRESSES 1 SRI VENKATESWARA RAO CHALASANI, 8-3-903 F/12 & 13 , YELLAREDDIGUDA, HYDERABAD 500073 2 DY.CIT , CIRCLE 2(1) HYDERABAD 3 CIT (A) - 2, HYDERABAD 4 PR. CIT -2, HYDERABAD 5 DR, ITAT HYDERABAD BENCHES 6 GUA RD FILE BY ORDER