XT Global Infotech Limited (Formerly:Frontier Informatics Technologies Limited ), Hyderabad V. Dy. Commissioner of Income Tax , Circle-1(3), Hyderabad

ITA 68/Hyd/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 7331 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 2 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2002-2003
• Appeal Filed On: 22-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3); 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A : HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO. 68 /H/20 20 A SSESSMEN T Y EAR : 20 02 - 03 XT GLOBAL INFOTECH LTD. (FORMERLY FRONTIER INFORMATICS LTD./FRONTIER INFORMATION TECHNOLOGIES LTD., HYDERABAD. PAN AA ACF 5186 B VS. DY. COMMISSIONER OF INCOME - TAX, CIRCLE 1 ( 3 ), HYDERABAD. (APPELLANT) (RESPONDENT) ASSESSEE BY: S HRI K.C. DEVDAS REVENUE BY: S HRI SUNIL KUMAR PANDEY DATE OF HEARING: 2 6 /0 3 /2021 DATE OF PRONOUNCEMENT: 05 / 0 4 /2021 O R D E R PER BENCH: T H IS APPEAL FILED BY THE ASSESSEE FOR AY 20 02 - 03 I S DIRECTED AGAINST CIT(A) - 2 , HYDERABADS ORDER DATED 0 6 / 11 /201 9 INVOLVING PROCEEDINGS U/S 143(3) RWS 263 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 ITA NO. 68 /H YD/ 20 20 M/S XT GLOBAL INFOTECH LTD., HYDERABAD . : - 2 - : BENEFIT UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME - 2020 IN PRESCRIBED FORM NO.1 & 2 AND RECEIVED FORM(S) - 3 IN TUNE THERETO , WHICH IS PLACED ON RECORD AND THEREFORE, REQUESTED THE BENCH TO PERMIT TO WITHDRAW THIS APPEAL OF THE ASSESSEE. 3. HAVING REGARD TO THE FACTS AND CIRCUMSTANCES OF THE CASE, WE ARE INCLINED TO DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN SINCE THE ASSESSEE HAS PREFERRED TO AVAIL THE VIVAD - SE - VISHWAS SCHEME BY FILING FORM NO.1 & 2 AND RECEIVED FORM(S) - 3 IN TUNE THERETO , WITH A RIDER THAT IT SHALL BE VERY MUCH OPEN FOR THE ASSESSEE TO FILE FOR REVIVAL OF TH IS 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 5 TH APRIL , 2021 . SD/ - SD/ - (S . S . GODARA) (L . P . SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDE RABAD, DATED : 5 TH APRIL , 20 2 1 . KV ITA NO. 68 /H YD/ 20 20 M/S XT GLOBAL INFOTECH LTD., HYDERABAD . : - 3 - : C OPY TO : 1 M/S XT GLOBAL INFOTECH LTD., C/O B. NARSING RAO & CO., CAS., PLOT NO. 554, ROAD NO. 92, JUBILEE HILLS, HYD. 96 2 DCIT, CIRCLE 1 ( 3 ), HYDERABAD . 3 CIT(A) 2 , HYDERABAD 4 PR. CIT 5, HYDERABAD. 5 ITAT, DR, HYDERABAD 6 GUARD FILE.