ITO, Ward-16(2), Hyderabad, Hyderabad V. Paras Collins Distilleries Pvt.Ltd., Hyd, Hyderabad

ITA 491/HYD/2016

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 7167 (ITAT-HYDERABAD)
• Duration Of Justice: 5 year(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-04-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-A
• Next Hearing Date: 05-04-2021
• Assessment Year: 2006-2007
• Appeal Filed On: 06-04-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SUNIL KUMAR PANDEY

Judgement Text

ITA NO 491 OF 2016 PARAS COLLINS DISTILLERIES P L TD HYDERABAD 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.491/HYD/2016 ASSESSMENT YEAR: 2006-07 ITO WARD 16(2) HYDERABAD VS. M/S. PARAS COLLINS DISTILLERIES (P) LTD, HYDERABAD PAN:AAECP0258J (APPELLANT) (RESPONDENT) REVENUE BY: SRI SUNIL KUMAR PANDEY, DR ASSESSEE BY: SMT. S. SANDHYA DATE OF HEARING: 05/04/2021 DATE OF PRONOUNCEMENT: 06/04/2021 ORDER PER SMT. P. MADHAVI DEVI, J.M. THIS IS REVENUES APPEAL FOR THE A.Y 2006-07 AGAINS T THE ORDER OF THE CIT (A)-4, HYDERABAD, DATED 29.01. 2016. 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 HENCE IT WAS PLEADED, THAT THE APPEAL OF THE REVENU E MAY BE TREATED AS WITHDRAWN. 3. THE LD. DR CONCEDED TO THE REQUEST OF THE LD. AR . ITA NO 491 OF 2016 PARAS COLLINS DISTILLERIES P L TD HYDERABAD PAGE 2 OF 2 4. AFTER HEARING BOTH THE PARTIES, ACCORDING TO THE REQUEST OF THE ASSESSEE AND ITS LD. AR, WE HEREBY ALLOW THE APPEAL OF THE REVENUE TO BE WITHDRAWN. WE ALSO MAKE IT CLEAR THAT 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 IN THE RESULT, APPEAL OF REVENUE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 6 TH APRIL, 2021. SD/- SD/- (LAXMI PRASAD SAHU) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 6 TH APRIL, 2021. VINODAN/SPS COPY TO: S.N O ADDRESSES 1 DY. CIT, CIRCLE 16(2) 2 ND FLOOR, IT TOWERS, AC GUARDS, MASAB TANK, HYDERABAD 2 M/S. PARAS COLLINS DISTILLERIES (P) LTD, PLOT NO.67 , 8 - 2 - 608/2 ROAD NO.10, BANJARA HILLS, HYDERABAD 3 CIT (A) - 4 , HYDERABAD 4 PR. CIT 4, HYDERABAD 5 DR, ITAT HYDERABAD BENCHES 6 GUARD FILE BY ORDER