Kovvuri Srinivasa Reddy, Pasarlapudi Village V. The Assistant Commissioner of Income Tax, Circle - 1, Kakinada

ITA 55/VIZ/2020

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 3990 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 1 year(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2006-2007
• Appeal Filed On: 06-02-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUMAN MALIK

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL VISAKHAPATNAM BENCH, VISAKHAPATNAM BEFORE SHRI N.K. CHOUDHRY, HONBLE JUDICIAL MEMBER & SHRI D.S. SUNDER SINGH, HON'BLE ACCOUNTANT MEMBER I . T . A . NO S . 5 5 TO 60 / VIZ /2020 (ASST. YEAR S : 20 06 - 07 TO 2011 - 12 ) KOVVURI SRINIVASA REDDY, D.NO. 3 - 144, HIGH SCHOOL STREET, PASARLAPUDI VILLAGE, RAYAVARAM MANDAL, EAST GODAVARI DISTRICT. PAN NO. ALNPK 4064 C (APPELLANT) VS. ACIT, CIRCLE - 1, KAKINADA . (RESPONDENT) ASSESSEE BY : SHRI G.V.N. HARI , ADVOCATE. DEPARTMENT BY : SMT. SUMAN MALIK , SR. DR DATE OF HEARING : 03 / 0 3 /2021 . DATE OF PRONOUNCEMENT : 03 / 0 3 /20 2 1 . O R D E R PER N.K. CHOUDHRY, JUDICIAL MEMBER: THESE APPEAL S HAVE BEEN PREFERRED BY THE SAME ASSESSEE AGAINST THE SEPARATE ORDER S ALL DATED 14 / 11 /201 9 IMPUGNED HEREIN PASSED BY THE LD. CIT(A) - 2 , GUNTUR U/SEC. 250(6) OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO AS THE 'ACT') FOR THE A.Y S . 2006 - 07 TO 2011 - 12 . 2. THE ASSESSEE HA S PREFERRED APPLICATIONS UNDER CONSIDERATION DATED 08 / 02/2021 FOR WITHDRAWAL OF THE APPEALS . 3. DURING THE COURSE OF HEARING, LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT SINCE ASSESSEE HA S AVAILED THE IMMUNITY SCHEME 2 ITA NO S . 5 5 - 60 /VIZ/20 20 ( KOVVURI SRINIVASA REDDY ) I.E. VIVAD SE VISHWA S UNDER THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 AND T HE INCOME TAX DEPARTMENT HAS ISSUED FORMS NO.3, DATED 03/12/2020 , 03/12/2020, 03/12/2020 , 03/12/2020, 21/12/2020 & 21/12/2020 RESPECTIVELY IN RESPONSE TO THE APPLICATIONS FILED BY THE ASSESSEE UNDER THE SCHEME, THEREFORE APPEALS OF THE ASSESSEE MAY BE ALLOWED TO BE DISMISSED AS WITHDRAWN WITH LIBERTY TO SEEK RECALL OF THE ORDERS IN CASE ANY UNFORESEEN CIRCUMSTANCES WOULD ARISE IN FUTURE. 4 . THE LD. DR HAS RAISED NO OBJECTION, IF THE APPEALS OF THE ASSESSEE ARE ALLOWED TO BE DISMISSED AS WITHDRAWN. 5 . HAVING HEARD BOTH THE PARTIES AND PERUSED THE APPLICATIONS FOR WITHDRAWAL OF THE APPEAL S AND FORMS NO.3 (COPY ALREADY ON RECORD) ISSUED BY THE DEPARTMENT. CONSIDERING THE FACTS AND CIRCUMSTANCES OF THE CASE S , THE APPEALS OF ASSESSEE ARE LIABLE TO BE DISMISSED AS WITHDRAWN WITH LIBERTY TO SEEK RECALL OF THE ORDER AS PRAYED FOR IN ACCORDANCE WITH LAW, HENCE ORDERED ACCORDINGLY. 6 . IN THE RESULT, APPEALS OF THE ASSESSEES ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN OPEN COURT ON THIS 03 RD DAY OF MARCH , 2021 . S D / - S D / - ( D.S.SUNDER SINGH) ( N.K.CHOUDHRY ) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 03 RD MARCH , 2021 . VR/ - 3 ITA NO S . 5 5 - 60 /VIZ/20 20 ( KOVVURI SRINIVASA REDDY ) COPY TO: 1. THE ASSESSEE KOVVURI SRINIVASA REDDY, D.NO. 3 - 144, HIGH SCHOOL STREET, PASARLAPUDI VILLAGE, RAYAVARAM MANDAL, EAST GODAVARI DISTRICT. 2. THE REVENUE ACIT, CIRCLE - 1 , KAKINADA . 3. THE PR.CIT - 2 , VISAKHAPATNAM . 4. THE CIT(A) - 2 , GUNTUR . 5. THE D.R., VISAKHAPATNAM. 6. GUARD FILE. BY ORDER (VUKKEM RAMBABU) SR. PRIVATE SECRETARY, ITAT, VISAKHAPATNAM.