Shalivahana Wind Energy Limited , Secunderabad V. Dy. Commissioner of Income Tax , Circle-3(1), Hyderabad

ITA 628/Hyd/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 8823 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 10 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2012-2013
• Appeal Filed On: 29-04-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: S RAMA RAO
• Section: 201; 13; 22; 2

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD A BENCH : HYDERABAD (THROUGH VIDEO CONFERENC E ) BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER ITA NO. 628 /HYD./ 201 9 ASSESSMENT YEAR: 20 12 - 13 M/S SHALIVAHANA WIND ENERGY LTD. VS. DY.CIT , CIRCLE 3 ( 1 ) SECUNDE RABAD HYDERABAD [ PAN: AA NCS0615H ] (APPELLANT) (RESPONDENT) FOR ASSESSEE : S HRI S. RAMA RAO, A.R. FOR REVENUE : SH. SUNIL KUMAR PANDEY, D.R. DATE OF HEARING : 11 /03/ 202 1 DATE OF PRONOUNCEMENT : 22 / 03 /202 1 O R D E R PER P. MADHAVI DEVI, JM THIS IS ASSESSEES APPEAL FILED AGAINST THE ORDER OF CIT(A) - 3 , HYDERABAD DATED 06.02.2019 RELATING TO A.Y. 20 12 - 13 . HEARD BOTH THE PARTIES. 2. AT THE OUTSET, THE LD.AR SUBMITTED BEFORE US THAT THE ASSESSEE HAS ALREADY FILED FORMS I & II UNDER THE DIRECT TA XES VIVAD SE VISHWAS SCHEME, 2020 AND ITS ACCEPTANCE IS AWAITED. 3. AFTER HEARING BOTH THE PARTIES, WE DISMISS THE APPEAL OF THE ASSESSEE WITH A LIBERTY TO APPROACH THE TRIBUNAL IF ASSESSEES CASE IS NOT ACCEPTED IN ITA NO . 628 /HYD./ 201 9 AY 20 12 - 13 M/S SHALIVAHANA WIND ENERGY LTD., SECBAD. 2 THE DIRECT TAXES VIVAD SE VISHWAS S CHEME BY THE REVENUE FOR WHATSOEVER MAY BE THE REASON, THEN THE ASSESSEE SHALL BE AT LIBERTY TO FILE MISC. APPLICATION BEFORE THE TRIBUNAL WITHIN THE TIME LIMIT PRESCRIBED UNDER THE ACT TO REINSTATE ASSESSEES APPEAL. ORDERED ACCORDINGLY. 5. IN THE RES ULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN OPEN COURT ON 22 /03/2021 . S D/ - SD/ - (A. MOHAN ALANKAMONY) (P. MADHAVI DEVI) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 22 ND MARCH, 2021 *GMV COPY OF ORDER FORWARDED TO: 1. M/S SHALIVAHANA WIND ENERGY LTD., 7 TH FLOOR, MINERVA COMPLEX, S.D.ROAD, SECUNDERABAD 500 003 . 2. DY.CIT, CIRCLE 3(1), HYDERABAD 3. ACIT, RANGE 3 , HYDERABAD 4. C IT( A ) - 3 , HYDERABAD . 5 . PR.CIT - 3 , HYDERABAD 6 D.R. ITAT HYDERABAD 7 . GUARD FILE