Subhash Kumar Kedia, Hyderabad V. Asst. Commissioner Of Income Tax Central Circle-3(1), Hyderabad

ITA 706/Hyd/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 0519 (ITAT-HYDERABAD)
• Duration Of Justice: 7 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-07-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2014-2015
• Appeal Filed On: 19-11-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: ANJALA SAHU
• Assessee Lawyers: P MURALI MOHANA RAO
• Section: 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD A BENCH : HYDERABAD (THROUGH VIDEO CONFERENC E ) BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER ITA NO S . 706 & 707 /HYD./ 20 20 ASSESSMENT YEAR: 201 4 - 15 & 2015 - 16 SRI SUBHASH KUMAR KEDIA VS. ACIT, CENTRAL CIRCLE 3( 1 ) HYDERABAD HYDERABAD [ PAN: AFVPK8915Q ] (APPELLANT) (RESPONDENT) FOR ASSESSEE : SHRI P. MURALI MOHANA RAO, C.A. FOR REVENUE : S MT. ANJALA SAHU, D.R DATE OF HEARING : 12 /0 7 / 202 1 DATE OF PRONOUNCEMENT : 16 / 0 7 /202 1 O R D E R PER P. MADHAVI DEVI, JM BOTH THESE ARE ASSESSEES APPEAL S FILED AGAINST THE ORDER OF CIT(A) - 11, HYDERABAD DATED 31.01.2020 RELATING TO A.Y S . 2014 - 15. AND 2015 - 16. 2. AT THE OUTSET, THE LD.AR SUBMITTED BEFORE US THAT THE ASSESSEE HAS ALREADY FILED FORMS I & II UNDER THE DIRECT TAXES VI VAD SE VISHWAS SCHEME, 2020 AND FORM S - 3 FROM THE CONCERNED PR.CIT HA VE ALSO BEEN ISSUED. 3. AFTER HEARING BOTH THE PARTIES, WE DISMISS BOTH THE APPEAL S OF THE ASSESSEE WITH A LIBERTY TO APPROACH THE TRIBUNAL IF ASSESSEES CASE S ARE NOT ITA NO S 706 & 707 /HYD./ 20 20 AY 2014 - 15 & 2015 - 16 SRI SUBHASH KUMAR KEDIA, HYDERABAD 2 ACCEPTED IN THE DIRECT TAXES VIVAD SE VISHWAS SCHEME BY THE REVENUE FOR WHATSOEVER MAY BE THE REASON, THEN THE ASSESSEE SHALL BE AT LIBERTY TO FILE MISC. APPLICATION S BEFORE THE TRIBUNAL WITHIN THE TIME LIMIT PRESCRIBED UNDER THE ACT TO REINSTATE ASSESSEES APPEAL S. ORDERED ACCORDINGLY. 4 . IN THE RESULT, BOTH THE APPEAL S OF THE ASSESSEE ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN OPEN COURT ON 16 /0 7 /2021 . SD/ - SD/ - (A. MOHAN ALANKAMONY) (P. MADHAVI DEVI) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 16 TH JULY, 2021 *GMV COPY OF ORDER FORWARDED TO: 1. SRI SUBHASH KUMAR KEDIA, C/O P. MURALI & CO., CHARTERED ACCOUNTANTS, 6 - 3 - 655/2/3, SOMAJIGUDA, HYDERABAD 500 0 82 . 2. ACIT, CENTRAL CIRCLE 3(1), HYDERABAD 3. ACIT, CENTRAL RANGE - 3 , HYDERABAD 4. PR.C IT CENTRAL, HYDERABAD . 5 . D.R. ITAT HYDERABAD 6 . GUA RD FILE