Dy. Commissioner of Income Tax , Circle-1(2), Hyderabad V. Crown Beers India Private Limited, Hyderabad

ITA 242/Hyd/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 3257 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 11 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-02-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2014-2015
• Appeal Filed On: 25-02-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: SUMANTH KARLAPUDI
• Section: 22

Judgement Text

ITA NO 242 OF 2019 CROWN BEERS INDIA P LTD HYDERA BAD 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 A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER ITA NO.242/HYD/2019 ASSESSMENT YEAR: 2014-15 DY. COMMISSIONER OF INCOME TAX, CIRCLE 1(2) HYDERABAD VS. M/S. CROWN BEERS INDIA (P) LTD, HYDERABAD PAN:AACCC9946Q (APPELLANT) (RESPONDENT) ASSESSEE BY: SRI SUMANTH KARLAPUDI REVENUE BY : SRI SUNIL KUMAR PANDEY,DR DATE OF HEARING: 18/02/2021 DATE OF PRONOUNCEMENT: 22/02/2021 ORDER PER SMT. P. MADHAVI DEVI, J.M. THIS IS REVENUES APPEAL FOR THE A.Y 2014-15 AGAINS T THE ORDER OF THE CIT (A)-1, HYDERABAD, DATED 27.12. 2018. 2. A T THE OUTSET, THE LD. DR SUBMITTED BEFORE US THAT T HE REVENUE DOES NOT WANT TO PURSUE THE APPEAL AS THE A SSESSEE HAS ALREADY FILED FORMS I & II UNDER THE VIVAD SE VISH WAS SCHEME AND ITS ACCEPTANCE IS AWAITED. THEREFORE, CONSEQUENT TO THE SAME, THE REVENUE DESIRES TO WITHDRAW THE APPEAL BEFORE THE T RIBUNAL. HENCE IT WAS PLEADED, THAT THE APPEAL OF THE REVENU E MAY BE TREATED AS WITHDRAWN. 3. AFTER HEARING BOTH THE PARTIES, WE HEREBY ALLOW THE APPEAL OF THE REVENUE TO BE WITHDRAWN. WE ALSO MAKE IT CLEAR THAT ITA NO 242 OF 2019 CROWN BEERS INDIA P LTD HYDERA BAD PAGE 2 OF 2 THE ASSESSEE SHALL BE AT LIBERTY TO APPROACH THE TR IBUNAL WITHIN THE STIPULATED TIME AS PROVIDED UNDER THE ACT, IN O RDER TO REINSTATE THE APPEAL, IF THE APPLICATION WITH RESPE CT TO VIVAD SE VISHWAS SCHEME IS REJECTED. 4. IN THE RESULT, APPEAL OF REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 22 ND FEBRUARY, 2021. SD/- SD/- (A. MOHAN ALANKAMONY) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 22 ND FEBRUARY, 2021. VINODAN/SPS COPY TO: 1 DY.CIT CIRCLE 1(2) ROOM NO.724, 7 TH FLOOR,B BLOCK IT TOWERS, HYDERABAD 2 M/S. CROWN BEERS INDIA (P) LTD, H.NO. 8-2-684/A P LOT NO.23, 6 TH FLOOR, BHAVYA FANTASTICA ROAD NO.12, BANJARA HILLS, HYDERABAD 500034 3 CIT (A)-1 HYDERABAD 4 PR. CIT 1 HYDERABAD 5 THE DR, ITAT HYDERABAD 6 GUARD FILE BY ORDER