Konidala Perumal Munirathnam , Singapore V. Income Tax Officer, (International Taxation)-1, Hyderabad

ITA 697/Hyd/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 3188 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 6 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-11-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 19-11-2020
• Assessment Year: 2014-2015
• Appeal Filed On: 07-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: STATING THAT HAS ASSES
• Section: 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES B : HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI D.S. SUNDERE SINGH, ACCOUNTANT MEMBER (THROUGH VIRTUAL CONFERENCE) I TA - TP NO. 697 /HYD/20 1 9 ASSESSMENT YEAR: 201 4 - 1 5 KONIDALA P ERUMAL MUNIRATHNAM , SINGAPORE . PAN A FAPK 3409 C VS INCOME - TAX OFFICER (INTERNATIONAL TAXATION) I, HYDERABAD. (APPELLANT) (RESPONDENT) DATE OF HEARING : 19 - 1 1 - 20 20 DATE OF PRONOUNCEMENT : 19 - 1 1 - 20 20 O R D E R PER SMT. P. MADHAVI DEVI, J.M. : THIS IS ASSESSEES APPE AL FILE D AGAINST THE ORDER OF CIT(A) 1 0 , HYDERABAD DATED 04 /0 3 /2019 RELATING TO AY 201 4 - 1 5 . 2. THIS APPEAL FILED BY THE ASSESSEE WAS TAKEN UP FOR HEARING THROUGH VIDEO CONFERENCE ON 19 /11/2020 AND BOTH THE PARTIES WERE HEARD. 3. THE LD.AR FOR THE ASSESSEE HAS REQUESTED FOR WITHDRAWAL OF THE APPEAL FILED BY THE ASSESSEE STATING THAT THE ASSESSEE HAS FOR ASSESSEE : SHRI P. VINOD FOR REVENUE : SHR I RAJAT MITRA ITA NO . ITA NO. 697 /HYD /20 1 9 KONIDALA P ERUMAL MUNIRATHNAM : - 2 - : OPTED TO SETTLE THE DISPUTE RELATING TO THE TAX ARREARS FOR THE A.Y. UNDER CONSIDERATION UNDER VIVAD SE VISHWAS SCHEME, 2020. HE FU RTHER SUBMITTED THAT AN APPLICATION TO THIS EFFECT HAS BEEN FILED BY THE ASSESSEE AND THAT THE ASSESSEE HAS ALSO RECEIVED FORM - 3. 3. THE LD. DR HAS NO OBJECTION TO THE SAME. 4. IN VIEW OF THE ABOVE, WE ACCEPT THE REQUEST OF THE ASSESSEE FOR WITHDRAWAL OF THE APPEAL AS CIT (IT & TP), HYDERABAD HAS ISSUED FORM - 3. 5. HOWEVER, THE AFORESAID IS SUBJECT TO A CAVEAT THAT IN CASE THE DISPUTE RELATING TO TAX ARREARS FOR THE CAPTIONED A.Y. IS NOT ULTIMATELY RESOLVED IN TERMS OF THE AFORE - STATED ACT, THE APPELLANT (I.E. THE ASSESSEE) IS AT LIBERTY TO APPROACH THE TRIBUNAL FOR REINSTITUTION OF THE APPEAL AND THE TRIBUNAL SHALL CONSIDER SUCH APPLICATION APPROPRIATE AS PER LAW. THE LD. DR F OR THE REVENUE HAS NO OBJECTION WITH REGARD TO THE AFORESAID CAVEAT. 6. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER P RONOUNCED IN THE OPEN COURT ON 19TH NOVEMBER , 20 20 . SD/ - SD/ - ( D.S. SUNDER SINGH ) ( P. MADHAVI DEVI ) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDE RABAD, DATED : 19 TH NOVEMBER , 20 20 . KV ITA NO . ITA NO. 697 /HYD /20 1 9 KONIDALA P ERUMAL MUNIRATHNAM : - 3 - : C OPY TO : 1. SHRI KONIDALA PERUMAL MUNIRATHNAM , FLAT NO. 610, 6 TH FLOOR, BABUKHAN ESTATE, BASHEERBAGH, HYDERABAD 500 001. 2. IT O (INTERNATIONAL TAXATION) I, HYDERABAD . 3 . CIT(A) 1 0 , HYDERABAD. 4 . CIT (IT & TP) , HYDERABAD. 5. D.R. ITAT, HYDERABAD. 6. GUARD FILE