Fima Properties Private Limited, Hyderabad V. Income Tax Officer, Ward-17(2), Hyderabad

ITA 81/Hyd/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 0794 (ITAT-HYDERABAD)
• Duration Of Justice: 3 year(s) 1 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Assessment Year: 2014-2015
• Appeal Filed On: 08-01-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3); 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH B , HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER ITA NO. 81/HYD/2018 AY: 201 4 - 15 FIMA PROPERTIES PRIVATE LIMITED, HYDERABAD. PAN: AABCF 1681 Q VS. INCOME TAX OFFICER, WARD - 1 7 ( 2 ), HYDERABAD. (APPELLANT) (RESPONDENT) ASSESSEE BY: MS. SUVIBHA NOLKHA REVENUE BY: SHRI ROHIT MUJUMDAR, DR DATE OF HEARING: 23 /02/2021 DATE OF PRONOUNCEMENT: 2 5 /02/2021 ORDER PER A. MOHAN ALANKAMONY, AM.: THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LD. CIT (A) - 5 , HYDERABAD IN APPEAL NO. 0493/2016 - 17/CIT(A) - 5, DATED 26/10/ 2017 PASSED U/S. 143(3) R.W.S 250(6) OF THE ACT FOR THE AY: 201 4 - 1 5. 2. AT THE OUTSET, LD.AR SUBMITTED BEFORE US THAT THE ASSESSEE DESIRES TO WITHDRAW ITS APPEAL AS THE ASSESSEE HAS OPTED TO AVAIL VIVAD SE VISWAS SCHEME. HE FURTHER SUBMITTED THAT THE ASSESS EE HAD FILED FORM NO.1 & 2 AND ALSO RECEIVE D FORM - 3 FROM THE REVENUE. IT WAS THEREFORE 2 PLEADED, THAT THE APPEAL OF THE ASSESSEE MAY BE ALLOWED TO BE WITHDRAWN. 3. THE LD. DR CONCEDED TO THE REQUEST OF THE LD.AR. 4. HAVING HEARD BOTH THE PARTIES THROUGH VIDEO CONFERENCE, WE ARE INCLINED TO ALLOW THE APPEAL OF THE ASSESSEE TO BE WITHDRAWN YIELDING TO THE PRAYER OF THE LD. AR AS THE ASSESSEE HAS PREFERRED TO AVAIL THE VIVAD - SE - VISHWAS SCHEME BY FILING FORM S NO.1 , 2 AND FORM NO.3 . THE LD. DR HAS ALSO CONCEDED TO THE REQUEST OF THE LD. AR. ACCORDINGLY, WE HEREBY DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN. HOWEVER, WE ALSO MAKE IT CLEAR THAT, IF THE ASSESSEES CASE IS NOT ACCEPTED IN THE VIVAD - SE - VISWAS SCHEME BY THE REVENUE FOR WHATSOEVER MAY BE THE REASON, THEN THE ASSESSEE SHALL BE AT LIBERTY TO FILE A MISCELLANEOUS PETITION BEFORE THE TRIBUNAL WITHIN THE TIME LIMIT PRESCRIBED UNDER THE ACT TO REINSTATE THE APPEAL. IT IS ORDERED ACCORDINGLY. 5. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON THE 2 5 TH FEBRUARY, 2021. SD/ - SD/ - (P. MADHAVI DEVI) ( A. MOHAN ALANKAMONY ) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDERABAD, DATED: 2 5 TH FEBRUARY, 2021. 3 OKK COPY TO: - 1. FIMA PROPERTIES PRIVATE LIMITED, 6 - 3 - 596/95/A, NAVEENNAGAR, ROAD NO.1, BANJARA HILLS, HYDERABAD 500 034. 2. INCOME TAX OFFICER, WARD - 1( 2 ), HYDERABAD . 3. THE COMMISSIONER OF INCOME TAX (APPEALS) - 5 , HYDERABAD. 4. THE PRINCIPAL COMMISSIONER OF INCOME TAX - 5 , HYDERABAD. 5. THE DEPARTMENTAL REPRESENTATIVE, ITAT, HYDERABAD. 6. GUARD FILE.