The Citizen Coop.Society Limited , Hyderabad V. Asst. Commissioner of Income Tax, Circle-9(1), Hyderabad

ITA 670/Hyd/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 2651 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 1 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 16-06-2021
• Assessment Year: 2015-2016
• Appeal Filed On: 03-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3); 20

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD. BEFORE SHRI S.S. GODARA, JUDICIAL MEMBER AND SHRI L . P . SAHU, ACCOUNTANT MEMBER (THROUGH VIRTUAL HEARING) ITA NO S . 670 & 671 /HYD/201 9 (ASSESSMENT YEAR S : 20 15 - 16 & 2016 - 17 ) THE CITIZEN CO - OP. SOCIETY LIMITED, HYDERABAD. PAN AAAAT 3952F ..APPELLANT. VS. ASST. COMMISSIONER OF INCOME TAX , CIRCLE 9(1), HYDERABAD. ..RESPONDENT. APPELLANT BY : SHRI RAVI BHARADWAJ. RESPONDENT BY : SHRI R OHIT MAJUMDAR. (D.R.) DATE OF HEARING : 7.6. 2021. DATE OF PRONOUNCEMENT : 11 .0 6 .2021. O R D E R PER BENCH : TH E S E TWO ASSESSEES APPEAL S FOR ASST. YEAR S 2015 - 16 & 2016 - 17 ARISE FROM THE COMMISSIONER OF INCOME TAX (APPEALS) - 7 , HYDERABAD S ORDER S BOTH DT. 26.02.2019 PASSED IN CASE NO. 0197/CIT(A) - 7/2017 - 18 AND 0147/CIT(A) - 7/2018 - 19; RESPECTIVELY IN 2 ITA NO S . 670 & 671/HYD/2019 PROCEEDINGS UNDER SECTION 143(3) OF INCOME TAX ACT, 1961 (THE ACT). HEARD BOTH THE PARTIES . C ASE FILE S PERUSED. 2. AT THE OUTSET, THE LD. A UTHORIZED REPRESENTATIVE OF THE ASSESSEES SUBMITTED THAT THE ASSESSEES DO NOT WANT TO PURSUE THE APPEALS AS THEY HAVE ALREADY FILED FORMS I & II UNDER THE DIRECT TAX VIVAD S E VISWAS SCHEME, 2020 AND RECEIVED FORM 3 FROM THE DEPARTMENT . THEREFORE, CONSEQUENT TO THE SAME, THE ASSESSEES DESIRES TO WITHDRAW THE APPEALS BEFORE THE TRIBUNAL. HENCE IT WAS PLEADED, THAT THE APPEALS OF THE ASSESSEES MAY BE TREATED AS WITHDRAWN. 3. THE LD. DR CONCEDED TO THE REQUEST OF THE LD. AR. 4. AFTER HEARING BOTH THE PARTIES, ACCORDING TO THE REQUEST OF THE ASSESSEES AND THEIR LD. AR, WE HEREBY ALLOW THE APPEALS OF THE ASSESSEES TO BE WITHDRAWN. WE ALSO MAKE IT CLEAR THAT THE ASSESSEES SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL WITHIN THE STIPULATED TIME AS PROVIDED UNDER THE ACT, IN ORDER TO REINSTATE THE 3 ITA NO S . 670 & 671/HYD/2019 APPEALS, IF THEIR APPLICATIONS WITH RESPECT TO VIVAD SE VISHWAS SCHEME ARE REJECTED. 5 . IN THE RESULT, APPEALS OF ASSESSEES ARE DI SMISSED AS WITHDRAWN. O RDER PRONOUNCED IN THE OPEN COURT ON 11 TH JUNE , 2021. SD/ - SD/ - (L .P. SAHU) (S.S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DT. 11. 0 6 .2021. * REDDY GP COPY TO : 1. THE CITIZEN CO - OP SOCIETY LIMITED, 11 - 7 - 194, HUDA COLONY, SAROOR NAGAR, HYDERABAD - 500 035 2. ACIT, CIRCLE 9(1), HYDERABAD. 3. PR. C I T - 7 , HYDERABAD. 4. CIT(APPEALS) - 7, HYDERABAD. 5. DR, ITAT, HYDERABAD. 6. GUARD FILE. BY ORDER SR. PVT. SECRETARY, ITAT, HYDERABAD.