Cyber Towers, Hyderabad V. Asst. Commissioner of Income Tax, Circle-14(1), Hyderabad

ITA 673/Hyd/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 2990 (ITAT-HYDERABAD)
• Duration Of Justice: 3 year(s) 2 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 14-06-2021
• Assessment Year: 2014-2015
• Appeal Filed On: 11-04-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: S RAMA RAO
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES B : HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO. 673 /H/20 1 8 A SSESSMENT Y EAR : 2014 - 15 CYBER TOWERS, HYDERABAD. PAN A ADFC 8686M VS. ASST. COMMISSIONER OF INCOME - TAX , CIRCLE 1 4 ( 1 ), HYDERABAD. (APPELLANT) (RESPONDENT) ASSESSEE BY: S HRI S. RAMA RAO REVENUE BY: S HRI ROHIT MUJUMDAR DATE OF HEARING: 14 /0 6 /2021 DATE OF PRONOUNCEMENT: 16 / 0 6 /2021 O R D E R PER L.P. SAHU, AM : T H IS APPEAL FILED BY THE ASSESSEE FOR AY 2014 - 15 IS DIRECTED AGAINST CIT(A) - 6 , HYDERABADS ORDER DATED 2 8 / 02 /201 8 INVOLVING PROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT, 1961 ; IN SHORT THE ACT. 2. AT THE OUTSET, THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT THAT THE ASSESSEE HAS OPTED TO AVAIL THE BENEFIT UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME - 2020 IN PRESCRIBED FORM NO.1 & 2 AND WAITING TO RECEIVE ITA NO. 673 / H YD/ 20 1 8 CYBER TOWERS , HYD. : - 2 - : FORM(S) - 3 , AND THEREFORE, REQUESTED THE BENCH TO PERMIT TO WITHDRAW TH IS APPEAL OF THE ASSESSEE. 3. HAVING REGARD TO THE FACTS AND CIRCUMSTANCES OF THE CASE, W E ARE INCLINED TO DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN SINCE THE ASSESSEE HAS PREFERRED TO AVAIL THE VIVAD - SE - VISHWAS SCHEME BY FILING FORM NO.1 & 2 AND AWAITING TO RECEIVE FORM(S) - 3 IN TUNE THERETO , WITH A RIDER THAT IT SHALL BE VERY MUCH OPE N FOR THE ASSESSEE TO FILE FOR REVIVAL OF TH I S CASE, IF THE SETTLEMENT BENEFIT UNDER THE SCHEME IS DENIED TO IT FOR TECHNICAL REASONS. 4 . IN THE RESULT, ASSESSEES APPEAL IS DISMISSED IN ABOVE TERMS. PRONOUNCED IN THE OPEN COURT ON 16 TH JUNE , 2021 . SD/ - SD/ - (S . S . GODARA) (L . P . SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDE RABAD, DATED : 1 6 TH JUNE , 20 2 1 . KV ITA NO. 673 / H YD/ 20 1 8 CYBER TOWERS , HYD. : - 3 - : ITA NO. 673 / H YD/ 20 1 8 CYBER TOWERS , HYD. : - 4 - : ITA NO. 673 / H YD/ 20 1 8 CYBER TOWERS , HYD. : - 5 - : C OPY TO : 1 CYBER TOWERS, 8 - 2 - 579, ROAD NO. 8, BANJARA HILLS, HYDERABAD. 2 AC IT , CIRCLE 1 4 ( 1 ) , IT TOWERS, MASAB TANK, HYDERABAD . 3 CIT(A) 6 , HYDERABAD 4 PR. CIT 6 , HYDERABAD. 5 ITAT, DR, HYDERABAD 6 GUARD FILE.