Pulipati Venkateswara Reddy , Hyderabad V. Income Tax Officer, Ward-9(4), Hyderabad

ITA 710/Hyd/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 4485 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-05-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Assessment Year: 2014-2015
• Appeal Filed On: 08-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M DAYASAGAR
• Assessee Lawyers: PHANINDRA SHRI A V RAGHURAM
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES B : HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND LAXMI P RASAD SAHU, ACCOUNTANT MEMBER ITA NO. 710 /H/20 19 A SSESSMENT Y EAR : 20 14 - 15 PULIPATI VENKATESWARA REDDY, HYDERABAD. PAN A MWPP 1150 C VS. INCOME - TAX OFFICER, WARD 9(4), HYDERABAD. (APPELLANT) (RESPONDENT) ASSESSEE BY: SHRI PHANINDRA FOR SHRI A.V. RAGHURAM REVENUE BY: S HRI M. DAYASAGAR DATE OF HEARING: 25 /0 5 /2021 DATE OF PRONOUNCEMENT: 25 / 0 5 /2021 O R D E R PER L.P. SAHU, AM : T H IS APPEAL FILED BY THE ASSESSEE FOR AY 20 09 - 10 IS DIRECTED AGAINST CIT(A) 7, HYDERABADS ORDER , DATED 2 6 / 03 /20 1 9 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 THE ASSESSEE HAS OPTED TO AVAIL THE BENEFIT UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME - 2020 IN ITA NO. 710 /H/2019 /H YD/ 20 19 SHRI PULIPATI VENKATESWARA REDD Y, HYDERABAD . : - 2 - : 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 TH IS AP PEAL OF THE ASSESSEE. 4 . HAVING REGARD TO THE FACTS AND CIRCUMSTANCES OF THE CASE, WE ARE INCLINED TO DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN SINCE THE ASSESSEE HAS PREFERRED TO AVAIL THE VIVAD - SE - VISHWAS SCHEME BY FILING FORM NO.1 & 2 AND RECEI VED FORM(S) - 3 IN TUNE THERETO , WITH A RIDER THAT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 HIM FOR TECHNICAL REASONS. 5 . IN THE RESULT, ASSESSEES APPEAL IS DISMISSED IN ABOVE TERMS. PRONOUNCED IN THE OPEN COURT ON 25 TH MAY , 2021 . SD / - SD/ - (S . S . GODARA) (L . P . SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDE RABAD, DATED : 25 TH MAY , 20 2 1 . KV ITA NO. 710 /H/2019 /H YD/ 20 19 SHRI PULIPATI VENKATESWARA REDD Y, HYDERABAD . : - 3 - : C OPY TO : 1 SHRI PULIPATI VENKATESWARA REDDY, C/O S/SHRI K. VASANTKUMAR, AV RAGHURAM, P. VINOD & M. NEELIMA DEVI, ADVOCATES, 610 BABUKHAN ESTATE, BASHEERBAGH, HYDERABAD 500 001. 2 IT O , WARD 9(4) , IT TOWERS, AC GUARDS, MASAB TANK, HYDERABAD 500 004 3 CIT (A) 7, HYDERABAD 4 PR. CIT - 7 , HYDERABAD 5 ITAT, DR, HYDERABAD 6 GUARD FILE.