First Frame Entertainments Private Limited , Hyderabad V. Income Tax Officer, Ward-14(5) , Hyderabad

ITA 5/Hyd/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 6159 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 3 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Assessment Year: 2013-2014
• Appeal Filed On: 02-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: B SHANTHI KUMAR
• Section: 143(3); 147

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES B : HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO. 05 /H/20 20 A SSESSMENT Y EAR : 20 1 3 - 1 4 FIRST FRAME ENTERTAINMENTS PVT. LTD. , HYDERABAD. PAN A ABCF 3320 L VS. INCOME - TAX OFFICER, WARD 1 4 ( 5 ), HYDERABAD. (APPELLANT) (RESPONDENT) ASSESSEE BY: S HRI B. SHANTHI KUMAR REVENUE BY: S HRI ROHIT MUJUMDAR D ATE OF HEARING: 08 /0 4 /2021 DATE OF PRONOUNCEMENT: 21 / 0 4 /2021 O R D E R PER BENCH: T H IS APPEAL FILED BY THE ASSESSEE FOR AY 20 1 3 - 1 4 I S DIRECTED AGAINST CIT(A) - 6 , HYDERABADS ORDER DATED 01 / 11 /20 19 INVOLVING PROCEEDINGS U/S 143(3) RWS 14 7 OF THE INCOME TAX ACT, 1961 ; IN SHORT THE ACT. 2. AT THE OUTSET, THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT THE ASSESSEE HAS OPTED TO AVAIL THE BENEFIT UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME - 2020 IN ITA NO. 05 /H YD/ 20 20 FIRST FRAME ENTERTAINMENTS PVT. LTD., HYDERABAD. . : - 2 - : PRESCRIBED FORM NO.1 & 2 AND RECEIVED FORM(S) - 3 IN TUNE THERETO , WHICH IS PLACED ON RECORD AND THEREFORE, REQUESTED THE BENCH TO PERMIT TO WITHDRAW THIS APPEAL OF THE ASSESSEE. 4 . HAVING REGARD TO THE FACTS A ND CIRCUMSTANCES OF THE CASE, WE ARE INCLINED TO DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN SINCE THE ASSESSEE HAS PREFERRED TO AVAIL THE VIVAD - SE - VISHWAS SCHEME BY FILING FORM NO.1 & 2 AND RECEIVED FORM(S) - 3 IN TUNE THERETO , WITH A RIDER THAT IT SHALL BE VERY MUCH OPEN FOR THE ASSESSEE TO FILE FOR REVIVAL OF TH IS CASE, IF THE SETTLEMENT BENEFIT UNDER THE SCHEME IS DENIED TO IT FOR TECHNICAL REASONS. 5 . IN THE RESULT, ASSESSEES APPEAL IS DISMISSED IN ABOVE TERMS. PRONOUNCE D IN THE OPEN COURT ON 21 ST APRIL , 2021 . SD/ - SD/ - (S . S . GODARA) (L . P . SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDE RABAD, DATED : 21 ST APRIL , 20 2 1 . KV ITA NO. 05 /H YD/ 20 20 FIRST FRAME ENTERTAINMENTS PVT. LTD., HYDERABAD. . : - 3 - : C OPY TO : S.NO. DETAILS DATE 1 DRAFT DICTATED ON 2 DRAFT PLACED BEFORE AUTHOR 3 DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER 4 DRAFT DISCUSSED/APPROVED BY SECOND MEMBER 5 APPROVED DRAFT COMES TO THE SR. PS/PS 6 KEPT FOR PRONOUNCEMENT 7 FILE SENT TO BENCH CLERK 8 DATE ON WHICH THE FILE GOES TO HEAD CLERK 9 DATE ON WHICH FILE GOES TO A.R. 10 DATE OF DIS PATCH OF ORDER 1 FIRST FRAME ENTERTAINMENTS PVT. LTD., PLOT NO. 262/1/B, PHASE 111, ROAD NO. 78, JUBILEE HILLS, HYDERABAD. 2 IT O , WARD 1 4 ( 5 ), IT TOWERS, AC GUARDS, HYDERABAD . 3 CIT(A) 6 , HYDERABAD 4 PR. CIT 6 , HYDERABAD. 5 ITAT, DR, HYDERABAD 6 GUARD FILE.