Veera Reddy Pinnienti , Warangal V. Income Tax Officer, Ward-3, Warangal

ITA 640/Hyd/2020

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 1632 (ITAT-HYDERABAD)
• Duration Of Justice: 3 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2007-2008
• Appeal Filed On: 11-11-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: D J PRABHAKAR REDDY
• Section: 143(3)

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH SMC, HYDERABAD (THROUGH VIRTUAL HEARING) BEFORE SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER ITA NO. 640/HYD/2020 A.Y. 2007 - 08 VEERA REDDY PINNIENTI, WARANGAL. PAN: AKIPP 9617 J VS. INCOME TAX OFFICER, WARD - 3, WARANGAL. (APPELLANT) (RESPONDENT) ASSESSEE BY: SHRI KIRAN MANOHAR REVENUE BY: SHRI D.J. PRABHAKAR REDDY, DR DATE OF HEARING: 11/02/2021 DATE OF PRONOUNCEMENT: 1 6 /02/2021 ORDER THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LD. CIT(A) - 10, HYDERABAD IN ORDER NO. ITBA/APL/S/250/2020 - 21/1027695414(1), DATED 11/08/2020 PASSED U/S. 143(3) R.W.S 250(6) OF THE ACT FOR THE A.Y. 2007 - 08. 2. AT THE OUTSET, LD.AR SUBMITTED BEFORE US THAT THE ASSESSEE DESIRE S TO WITHDRAW HIS APPEAL AS THE ASSESSEE HAS OPTED TO AVAIL VIVAD SE VISWAS SCHEME. HE FURTHER SUBMITTED THAT THE ASSESSEE HA D FILED FORM NO.1 & 2 AND IS AWAITING TO RECEIVE FORM - 3 FROM THE REVENUE. IT WAS THER EFORE PLEADED, THAT THE APPEAL OF THE ASSESSEE MAY BE ALLOWED TO BE WITHDRAWN. 2 3. THE LD. DR CONCEDED TO THE REQUEST OF THE LD.AR. 4 . HAVING HEARD BOTH THE PARTIES THROUGH VIDEO CONFERENCE, I AM INCLINED TO ALLO W THE APPEAL OF THE ASSESSEE TO BE WITHDR AWN YIELDING TO THE PRAYER OF THE LD. A R AS THE ASSESSEE HAS PREFERRED TO AVAIL THE VIVAD - SE - VISHWAS SCHEME BY FILING FORM NO.1 & 2 AND IS AWAITING TO RECEIVE FORM - 3 FROM THE REVENUE . THE LD. DR HAS ALSO CONCEDED TO THE REQUEST OF THE LD. AR. A CCORDINGLY, I HEREBY DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN. HOWEVER, I ALSO MAKE IT CLEAR THAT, IF THE ASSESSEE S CASE IS NOT ACCEPTED IN THE VIVAD - SE - VIS H WAS SCHEME BY THE REVENUE FOR WHATSOEVER MAY BE THE REASON, THEN THE ASSESSEE SHALL BE AT LIBERTY TO FILE MISCELLANEOUS PETITION BEFORE THE TRIBUNAL WITHIN THE TIME LIMIT PRESCRIBED UNDER THE ACT TO REINSTATE THE APPEAL. IT IS ORDERED ACCORDINGLY. 5. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT O N THE SIX TEENTH OF FEBRUARY, 2021. SD/ - ( A. MOHAN ALANKAMONY ) ACCOUNTANT MEMBER HYDERABAD, DATED: 1 6 TH FEBRUARY, 2021. 3 OKK COPY TO: - 1) VEERA REDDY PINNIENTI , 23 - 6 - 179/53, HUNTER ROAD, SRI RAMA HILLS, HANAMKONDA, WARANGAL - 506001. 2) INCOME TAX OFFICER, WARD - 3, WARANGAL. 3) THE COMMISSIONER OF INCOME TAX (APPEALS) - 10, HYDERABAD. 4) THE PRINCIPAL COMMISSIONER OF INCOME TAX - III, HYDERABAD. 5) THE DR, ITAT, HYDERABAD 6) GUARD FILE