GMR Hotels and Resorts Limited, Hyderabad, Hyderabad V. ACIT, Circle-2(2), Hyderabad, Hyderabad

ITA 794/HYD/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 2733 (ITAT-HYDERABAD)
• Duration Of Justice: 4 year(s) 1 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 21-06-2021
• Assessment Year: 2013-2014
• Appeal Filed On: 05-05-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: RAVI KIRAN
• Assessee Lawyers: JAGDISH JOSHI MANISH SHAH

Judgement Text

ITA NOS 381 OF 2018 794 OF 2017 382 OF 2018 AND 2 67 OF 2019 GMR HOSPITALITY AND R ETAIL LTD HYDERABAD PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD (THROUGH VIDEO CONFERENCING) BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER ITA NO S . 794/HYD/2017, 381 & 382 / HYD/201 8 & 267/HYD/20 19 ASSESSMENT YEARS: 2012-13 TO 2015-16 GMR HOSPITALITY & RETAIL LTD (FORMERLY KNOWN GMR HOTELS & RESORTS LTD) HYDERABAD PAN:AADCG2928F VS. ACIT, C.C-2(2)/ ACIT, C.C 2(2)/ DY. CIT, CIRCLE 2(2) HYDERABAD (APPELLANT) (RESPONDENT) ASSESSEE BY: SRI JAGDISH JOSHI FOR MANISH SHAH REVENUE BY : SRI RAVI KIRAN, CIT(DR) DATE OF HEARING: 21/06/2021 DATE OF PRONOUNCEMENT: 21/06/2021 ORDER PER BENCH: THIS IS ASSESSEES APPEAL FOR THE RESPECTIVE A.YS AGAINST THE SEPARATE ORDERS OF THE CIT (A)-2, HYDER ABAD, DATED 28.02.2017, 3.1.2018 AND 29.01.2019. 2. A T THE OUTSET, THE LD. AR SUBMITTED BEFORE US THAT T HE ASSESSEE DOES NOT WANT TO PURSUE THE APPEALS AS THE Y HAVE ALREADY FILED FORMS I & II UNDER THE VIVAD SE VISH WAS SCHEME AND ITS ACCEPTANCE IS AWAITED. THEREFORE, CONSEQUENT TO THE SAME, THE ASSESSEE DESIRES TO WITHDRAW THE APPEALS FILED BEFO RE THE TRIBUNAL. HENCE IT WAS PLEADED, THAT THE APPEALS OF THE ASSES SEE MAY BE TREATED AS WITHDRAWN. 3. THE LD. DR CONCEDED TO THE REQUEST OF THE LD. AR . ITA NOS 381 OF 2018 794 OF 2017 382 OF 2018 AND 2 67 OF 2019 GMR HOSPITALITY AND R ETAIL LTD HYDERABAD PAGE 2 OF 2 4. AFTER HEARING BOTH THE PARTIES, ACCORDING TO THE REQUEST OF THE ASSESSEE AND ITS LD. AR, WE HEREBY ALLOW THE APPEALS OF THE ASSESSEE TO BE WITHDRAWN. WE ALSO MAKE IT CLEAR THA T THE ASSESSEE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL WITHIN THE STIPULATED TIME AS PROVIDED UNDER THE ACT, IN ORDER TO REINSTA TE THE APPEAL, IF THE APPLICATION WITH RESPECT TO VIVAD SE VISHWAS SC HEME IS REJECTED. 5. IN THE RESULT, APPEAL OF ASSESSEE IS DISMISSED A S WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 21 ST JUNE, 2021. SD/- SD/- (A. MOHAN ALANKAMONY) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 21 ST JUNE, 2021. VINODAN/SPS COPY TO: S.NO ADDRESSES 1 GMR HOTELS & RESORTS LTD, GMR HIAL OFFICE, RAJIV GANDHI INTERNATIONAL AIRPORT, SHAMSHABAD, HYDERABAD 500049 2 ACIT CENTRAL CIRCLE 2(2) 8 TH FLOOR, IT TOWERS, OPP: MAHAVEER HOSPITAL, AC GUARDS, HYDERABAD 3 CIT (A)- 2, HYDERABAD 4 PR. CIT 2, HYDERABAD 5 DR, ITAT HYDERABAD BEN CHES 6 GUARD FILE BY ORDER