B N Rathi Securities Limited , Hyderabad V. Dy. Commissioner of Income Tax , Circle-1(2), Hyderabad

ITA 344/Hyd/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 9301 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 9 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 08-02-2021
• Assessment Year: 2010-2011
• Appeal Filed On: 14-03-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A & B : HYDERABAD (THROUGH VIDEO CONFERENCE) BEFORE SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER AND SHRI S.S. GODARA, JUDICIAL MEMBER ITA NO. A.Y. APPELLANT RESPONDENT 344/HYD/19 2010-11 B. N.RATHI SECURITIES LIMITED, HYDERABAD [PAN: AABCB6140Q] DY.COMMISSIONER OF INCOME TAX, CIRCLE-1(2), HYDERABAD 1435/HYD/19 2009-10 HARISHCHAND SURANA, SECUNDERABAD [PAN: AIRPS7926G] DY.COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, HYDERABAD 115/HYD/19 2009-10 NIKHIL SURANA, SECUNDERABAD [PAN: AOPPS3582L] ASST.COMMISSIONER OF INCOME TAX, CIRCLE-11(1), HYDERABAD 1023/HYD/17 2008-09 SURENDER RAJ JAISWAL (HUF), HYDERABAD [PAN: AABHJ1261R] ASST.COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD 1924/HYD/19 2015-16 SMT.KASTURI JAYARAM, SECUNDERABAD [PAN: AZUPJ3914D] INCOME TAX OFFICER, WARD-10(5), HYDERABAD 75/HYD/19 2008-09 SMT. LEENA MATHUR, HYDERABAD [PAN: ACIPM2095B] ASST.COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD FOR ASSESSEE : SHRI K.C.DEVDAS , SHRI SARANG SHAH, ARS FOR REVENUE : SHRI ROHIT MUJUMDAR , SHRI SUNIL KUMAR PANDEY, DRS DATE OF HEARING : 30 - 1 2 - 2020 DATE OF PRONOUNCEMENT : 04 - 0 1 - 2 02 1 O R D E R PER BENCH : THESE SIX ASSESSEES APPEALS ARE DIRECTED AGAINST DIFFERENT ORDERS OF THE COMMISSIONER OF INCOME TAX (A PPEALS) ITA NOS.344/H/19, 1435/H/19, 115/H/19 1023/H/17, 1924/H/19 & 75/H/19 :- 2 -: HYDERABAD, INVOLVING VARYING ASSESSMENT YEARS STATED H EREIN ABOVE. 2. AT THE OUTSET, WE ARE INFORMED DURING THE COURSE OF HEARING FROM THE ASSESSEES SIDE THAT THEY HAVE FILED F OR SETTLEMENT BENEFIT UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME-2020 IN PRESCRIBED FORM NO.1 & 2 AND FORM(S )-3 IN TUNE THERETO; ALSO STAND ISSUED. 3. THE ASSESSEES SOLE IDENTICAL PLEA IN ALL THESE C ASES IS THAT SINCE THE DEPARTMENT IS YET TO FINALISE THE SETTLEMENT IN TUNE WITH FORM(S)-3 ISSUED UNDER THE SCHEME, THESE APPE ALS MAY NOT BE DISMISSED AS WITHDRAWN AS ON DATE. WE FIND NO MERIT IN ASSESSEES CONTENTIONS PER SE. THE FACT REMAINS THAT THEY HAVE ALREADY BEEN ISSUED FORM(S)-3, NO PURPOSE WOULD BE SERVED IF ALL THESE CASES ARE KEPT PENDING. WE THEREF ORE ORDER THAT THESE APPEALS BE TREATED AS DISMISSED AS WITHDRAWN W ITH A RIDER THAT IT SHALL BE VERY MUCH OPEN FOR ALL ASSESS EES TO FILE FOR REVIVAL OF THESE CASES, IF THE SETTLEMENT BENEFIT UN DER THE SCHEME IS DENIED TO THEM FOR TECHNICAL REASONS. 4. ALL THESE CASES ARE DISMISSED AS WITHDRAWN IN ABO VE TERMS. A COPY OF THIS COMMON ORDER BE PLACED IN THE R ESPECTIVE CASE FILES. ORDER PRONOUNCED IN THE OPEN COURT ON THE 4 TH JANUARY, 2021 SD/- SD/- ( A. MOHAN ALANKAMONY ) ( S.S. GODAR A ) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DATED: 04-01-2021 TNMM ITA NOS.344/H/19, 1435/H/19, 115/H/19 1023/H/17, 1924/H/19 & 75/H/19 :- 3 -: COPY TO : 1.B.N.RATHI SECURITIES LIMITED, 6-3-652, IV FLOOR, KAUTILYA AMRUTHA ESTATES, SOMAJIGUDA, HYDERABAD. 2.SHRI HARISHCHAND SURANA, C/O.M/S.SEKHAR & CO., 133/4, R.P.ROAD, SECUNDERABAD. 3.SHRI NIKHIL SURANA, C/O.M/S.SEKHAR & CO., 133/4, R.P.ROAD, SECUNDERABAD. 4.SURENDER RAJ JAISWAL (HUF), C/O.SARANG SHAH & COMPANY, CHARTERED ACCOUNTANTS, 3-5-1090/A2, OPP:YMCA, NARAYANGUDA, HYDERABAD. 5.SMT.KASTURI JAYARAM, FLAT NO.201, ASHRAY ANIL RESIDENCY, LANE-1, STREET NO.11, WEST MARREDPALLY, SECUNDERABAD. 6.SMT.LEENA MATHUR, C/O.SARANG SHAH & COMPANY, CHARTERED ACCOUNTANTS, 3-5-1090/A2, OPP:YMCA, NARAYANGUDA, HYDERABAD. 7.THE DY.COMMISSIONER OF INCOME TAX, CIRCLE-1(2), HYDERABAD. 8.THE DY.COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -2, HYDERABAD. 9.THE ASST.COMMISSIONER OF INCOME TAX, CIRCLE-11(1) , HYDERABAD. 10.THE ASST.COMMISSIONER OF INCOME TAX, CIRCLE-4(1) , HYDERABAD. 11.THE INCOME TAX OFFICER, WARD-10(5), HYDERABAD. 12.CIT(APPEALS)-6, HYDERABAD. 13.CIT(APPEALS)-1, HYDERABAD. 14.THE PR.CIT-5, HYDERABAD. 15.THE PR.CIT-1, HYDERABAD. 16.THE PR.CIT-6, HYDERABAD. 17.D.R. ITAT, HYDERABAD. 18.GUARD FILE.