Hyderabad Mutual Benefit Society, Hyderabad, Hyderabad V. ITO, Ward-5(3), Hyderabad, Hyderabad

ITA 694/HYD/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 6775 (ITAT-HYDERABAD)
• Duration Of Justice: 3 year(s) 11 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Next Hearing Date: 06-04-2021
• Assessment Year: 2013-2014
• Appeal Filed On: 18-04-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: B SATYANARAYANA MURTHY
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A : HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SMT. P. MADHAVI DEVI , JUDICIAL MEMBER AND LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO. 694 /H/20 1 7 A SSESSMENT Y EAR : 20 1 3 - 1 4 HYDERABAD MUTUAL BENEFIT SOCIETY, HYDERABAD. PAN A AATH 2738Q VS. INCOME - TAX OFFICER, WARD 5(3), HYDERABAD. (APPELLANT) (RESPONDENT) ASSESSEE BY: S HRI B. SATYANARAYANA MURTHY REVENUE BY: S HRI SUNIL KUMAR PANDEY DATE OF HEARING: 0 6 /0 4 /2021 DATE OF PRONOUNCEMENT: 07 / 0 4 /2021 O R D E R PER L.P. SAHU, A.M. : T H IS APPEAL FILED BY THE ASSESSEE FOR AY 20 1 3 - 1 4 I S DIRECTED AGAINST CIT(A) - 1 0 , HYDERABADS ORDER DATED 1 1/11 /201 6 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 ITA NO. 694 /H YD/ 20 1 7 HYDERABAD MUTUAL BENEFIT SOCIETY, HYD. : - 2 - : IN PRESCRIBED FORM NO.1 & 2 AND RECEIVED FORM(S) - 3 IN TUNE THERETO , AND THEREFORE, REQUESTED THE BENCH TO PERMIT TO WITHDRAW THIS APPEAL OF THE ASSESSEE. IN THIS CONNECTION, HE REFERRED HIS LETTER DATED 05/04/2021, WHICH HAS BEEN SENT BY EMAIL TO OFFICIAL EMAIL ADDRESS OF ITAT, WHICH IS PLACED ON RECORD. 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 HAVING REGARD TO THE FACTS AND CIRCUMSTANCES OF THE CASE, WE ARE INCLINED TO DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN SINCE THE ASSESSEE HAS PREFERRED T O AVAIL THE VIVAD - SE - VISHWAS SCHEME BY FILING FORM NO.1 & 2 AND RECEIVED FORM(S) - 3 IN TUNE THERETO , WITH A RIDER THAT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 SET TLEMENT 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 7 TH APRIL , 2021 . SD/ - SD/ - ( P. MADHAVI DEVI ) (L . P . SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDE RABAD, DATED : 7 TH APRIL , 20 2 1 . KV ITA NO. 694 /H YD/ 20 1 7 HYDERABAD MUTUAL BENEFIT SOCIETY, HYD. : - 3 - : C OPY TO : 1 HYDERABAD MUTUAL BENEFIT SOCIETY, C/O VENUGOPAL & CHENOY, CAS., 4 - 1 - 889/16/2, TILAK ROAD, HYDERABAD 500 001 2 IT O , WARD 5(3), HYDERABAD . 3 CIT(A) 1 0 , HYDERABAD 4 PR. CIT - IV , HYDERABAD. 5 ITAT, DR, HYDERABAD 6 GUARD FILE.