VRVS India Private Limited , Hyderabad V. Dy. Commissioner of Income Tax , Circle-17(2), Hyderabad

ITA 68/Hyd/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 3212 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 4 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Next Hearing Date: 09-06-2021
• Assessment Year: 2014-2015
• Appeal Filed On: 17-01-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PADMA MATTA
• Assessee Lawyers: SANJAY M UTTA
• Section: 143(3); 154

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH A , HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER ITA NO. 68 /HYD/20 19 ASSESSMENT YEAR: 20 14 - 15 M/S. VRVS INDIA PRIVATE LIMITED, HYDERABAD - 080. PAN: AABCV 1653 Q VS. THE DY. COMMISSIONER OF INCOME TAX , CIRCLE - 17(2), KONDAPUR, HYDERABAD. (APPELLANT) (RESPONDENT) ASSESSEE BY: SHRI SANJAY M UTTA REVENUE BY: SMT. PADMA MATTA, DR DATE OF HEARING: 09/06/2021 DATE OF PRONOUNCEMENT: 16 /06/2021 ORDER PER A. MOHAN ALANKAMONY, AM.: THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LD. CIT (A) - 5, HYDERABAD IN APPEAL NO. 0055/2017 - 18/CIT(A) - 5, DATED 26/07/2018 PASSED U/S. 143(3) R.W.S 250(6) OF THE ACT FOR THE AY 2014 - 15. 2. AT THE OUTSET, THE LD. AR DREW OUR ATTENTION TO THE ASSESSEES LETTER DATED 01/06/2021 AND SUBMITTED THAT THE GROUNDS OF AP PEAL RAISED BY THE ASSESSEE IN ITS APPEAL WERE NOT RAISED BEFORE THE LD. CIT (A) AND THEREFORE THEY MAY NOT STAND BEFORE THE TRIBUNAL. MOREOVER, THE GROUNDS RAISED BY THE ASSESSEE WERE ALREADY ADDRESSED BY THE REVENUE 2 IN THE IR ORDER U/S. 154 OF THE ACT AN D THEREFORE , THE ASSESSEE DESIRES TO WITHDRAW ITS PRESENT APPEAL. THE RELEVANT PORTION FROM THE ASSESSEES LETTER (SUPRA) IS EXTRACTED HEREIN BELOW FOR REFERENCE: - THE GROUNDS OF APPAL MADE IN THIS APPEAL WERE NOT RAISED BEFORE THE HONBLE COMMISSIONER APPEALS AND THEREFORE, THEY MAY NOT STAND BEFORE T HE HONBLE TRIBUNAL. BESIDES THIS, THE GROUNDS OF APPEAL HAVE BEEN ADDRESSED BY THE INCOME TAX VIDE THEIR ORDER U/S. 154 DATED 31/3/2021. WE THEREFORE REQUEST THAT THE CROSS - APPEAL NO. ITA 68/HYD/2019 MAY KINDLY BE PERMITTED TO BE WITHDRAWN. 3. LD.DR ALSO CONCEDED TO THE REQUEST OF THE LD.AR. ON PERUSAL OF THE LETTER DATED 01/06/2021 FILED BY THE ASSESSEE , W E HEREBY PERMIT THE ASSESSEE TO WITHDRAW ITS APPEAL. 4. IN THE RESULT, APPEAL FILED BY THE ASSESSEE IS DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON 16 TH JUNE, 2021 . SD/ - SD/ - (P. MADHAVI DEVI) ( A. MOHAN ALANKAMONY ) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDERABAD, DATED: 16 TH JUNE , 2021 OKK COPY TO: - 1) M/S. VRVS INDIA PRIVATE LIMITED , 1 - 3 - 183/40/46/5, GANDHI NAGAR, HYDERABAD. 2) DY. COMMISSIONER OF INCOME TAX, CIRCLE - 17(2) , 9 TH FLOOR, SIGNATURE TOWERS, KONDAPUR - 500084. 3) THE CIT (A) - 5, HYDERABAD. 4) THE PR. CIT - 5, HYDERABAD. 5) THE DR, ITAT, HYDERABAD 6) GUARD FILE