Skill Promoters Private Limited , Hyderabad V. Income Tax Officer, Ward-3(3) , Hyderabad

ITA 334/Hyd/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 6320 (ITAT-HYDERABAD)
• Duration Of Justice: 9 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Assessment Year: 2016-2017
• Appeal Filed On: 29-06-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Revision of order
• Section: 263; 143(3); 20

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH B, HYDERABAD (THROUGH VIRTUAL HEARING) BEFORE SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER AND SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER ITA NO. 334/HYD/2020 A.Y. 2016 - 17 SKILL PROMOTERS PRIVATE LIMITED, HYDERABAD. PAN: AAWCS 1257 Q VS. INCOME TAX OFFICER, WARD - 3(3), HYDERABAD. (APPELLANT) (RESPONDENT) ` ASSESSEE BY: SHRI K.C. DEVDAS REVENUE BY: SHRI ROHIT MUJUMDAR, DR DATE OF HEARING: 08/03/2021 DATE OF PRONOUNCEMENT: 20/04/2021 ORDER PER A. MOHAN ALANKAMONY, A.M: THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LD. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL), HYDERABAD IN DIN LR. NO. ITBA/COM/F/17/2019 - 20/1026865936(1), DATED 23/03/2020 PASSED U/S. 263 OF THE ACT FOR THE A.Y. 2016 - 17. 2. AT THE OUTSET, THE LD. AR FOR THE ASSESSEE PLACED BEFORE US LETTER DATED 01/02 /2021 AND SUBMITTED THAT THE ASSESSEE GOT RELIEF ON MERITS IN THE CONSE QUENTIAL PROCEEDINGS THAT ENSUED PURSUANT TO THE ORDER 2 PASSED BY THE LD. P CIT U/S 263 O F THE ACT WHICH IS THE IMPUGNED ORDER ON WHICH THE ASSESSEE IS PRESENTLY ON APPEAL BEFORE US . IT WAS THEREFORE SUBMITTED THAT THE ASSESSEE DESIRES TO WITHDRAW ITS PRESENT APPEAL. THE RELEVANT PORTION FROM THE ASSESSEES LETTER (SUPRA) IS EXTRACTED HEREIN BELOW FOR REFERENCE: - . 4. CONSEQUENT TO THE ABOVE ORDER, THE ACIT, HYDERABAD HAS REDONE THE A SSE S SMENT I N ACCORDANCE WITH THE ISSUES DISCUSSED BY THE PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL), HYDERABAD EXAMINED THE ISSUES AND ACCEPTED THE INCOME AS ASSESSED IN THE ORIGINAL ORDER PASSED U/S. 143(3) DATED 14/1/2018 AT RS. 2,15,85,541/ - . 5. IN VIEW OF THE AFORESAID ORDER PASSED U/S. 143(3) R.W.S 263 OF THE ACT ON 25/01/2021, A COPY OF WHICH IS ENCLOSED, THE ITAT APPEAL FILED ON 27/05/2020 BECOMES INFRUCTUOUS AND THE APPEAL FILED IS TO BE DISMISSED AS WITHDRAWN. 3. ON PERUSAL OF THE LETTER DATED 01/02 /2021 FILED BY THE ASSESSEE SEEKING PERMISSION TO WITHDRAW ITS PRESENT APPEAL , W E HEREBY PERMIT THE ASSESSEE TO WITHDRAW ITS APPEAL. 4. IN THE RESULT, APPEAL FILED BY THE ASSESSEE IS DISMISSED AS WITHDRAWN. PRONOUNCED I N THE OPEN COURT ON 20 TH APRIL , 2021. SD/ - SD/ - ( S.S. GODARA ) ( A. MOHAN ALANKAMONY ) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDERABAD, DATED: 20 TH APRIL , 2021. OKK 3 COPY TO: - 1) SKILL PROMOTERS PRIVATE LIMITED, 8 - 2 - 592/205 - A, ROAD NO.1, BANJARA HILLS, HYDERABAD 500 034. 2) INCOME TAX OFFICER, WARD - 3(3), 6 TH FLOOR, SIGNATURE TOWERS, KONDAPUR, HYDERABAD. 3) THE PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) HYDEABAD. 4) THE DR, ITAT, HYDERABAD 5) GUARD FILE