Narendra Kumar Gupta , Hyderabad V. Dy. Commissioner of Income Tax , Circle-1(1), Hyderabad

ITA 504/Hyd/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 3925 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 1 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-05-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Next Hearing Date: 06-05-2021
• Assessment Year: 2014-2015
• Appeal Filed On: 08-04-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: K A SAI PRASAD
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD A BENCH : HYDERABAD (THROUGH VIDEO CONFERENCE) BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI L.P. SAHU, ACCOUNTANT MEMBER ITA NO. 504 /HYD./201 9 ASSESSMENT YEAR: 20 14 - 15 SRI NARENDRA KUMAR GUPTA VS D CIT, CIRCLE 1(1) HYDERABAD HYDERABAD [PAN: ABHPG8045P ] (APPELLANT) (RESPONDENT) FOR ASSESSEE: SHRI K. A. SAI PRASAD, AR FOR REVENUE: SHRI SUNIL KUMAR PANDEY, D.R. DATE OF HEARING : 0 6 /05/2021 DATE OF PRONOUNCEMENT : 31 /05/2021 O R D E R PER L.P. SAHU, A.M. THIS ASSESSEES APPEAL FOR AY 20 14 - 15 ARISES AGAINST THE CIT(A) - 1 , HYDERABADS ORDER DATED 22.02.2019 INVOLVING PROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT, 1961 (IN SHORT THE ACT). HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. AT THE OUTSET, WE ARE INFORMED DURING THE COURSE OF HEARING FROM THE ASSESSEES SIDE THAT THE ASSESSEE HAS FILED FOR SETTLEMENT BENEFIT UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME - 2020 BY WAY OF FORM NO.1 & 2, AND FORM - 3 IS ALSO RECEIVED . HENCE LEARNED COUNSEL FOR ASSESSEE REQUE STED PERMISSION TO WITHDRAW THE APPEAL. ITA NO. 504 / HYD/201 9 SRI NARENNDRA KUMAR GUPTA , HYD. AY 20 14 - 15 2 3. WE D ISMISS THIS APPEAL AS WITHDRAWN AND FURTHER MAKE IT CLEAR THAT IT SHALL BE OPEN FOR THE ASSESSEE TO FILE FOR REVIVAL OF THE CASE IF THE SETTLEMENT BENEFIT IS DENIED FOR TECHNICAL REASONS. 4. T HIS ASSESSEES APPEAL IS DISMISSED AS WITHDRAWN IN ABOVE TERMS. ORDER PRONOUNCED IN OPEN COURT ON 31 /0 5 /2021. SD/ - SD/ - (P. MADHAVI DEVI ) ( L.P. SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 31 ST MAY, 2021 *GMV COPY OF ORDER FORWARDED TO: 1. SRI NARENDRA KUMAR GUPTA, C/O CH. PARTHASARATHY & CO., 1 - 1 - 298/2/B/3, 1 ST FLOOR, ASHOK NAGAR, HYDERABAD 500 020, TELANGANA 2. D CIT, CIRCLE 1(1), HYDERABAD 3. A CIT, RANGE 1 , HYDERABAD. 4. CIT(A) - 1 , HYDERABAD 5. PR.CIT - 1 , HYDERABAD. 6. D.R. ITAT HYDERABAD 7. GUARD FILE