S.Venkata Laxmi Narayana, Hyderabad V. Income Tax Officer, Ward-12(4), Hyderabad

ITA 816/Hyd/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5200 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 8 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Next Hearing Date: 28-01-2021
• Assessment Year: 2014-2015
• Appeal Filed On: 20-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: S RAMA RAO
• Section: 201; 13; 144; 15

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A : HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO. 816 /H/201 9 ASSESSMENT YEAR: 201 4 - 1 5 S. VENKATA LAXMI NARAYANA, HYDERABAD. PAN AMOPS 1243B VS. INCOME - TAX OFFICER, WARD 12(4), HYDERABAD. (APPELLANT) (RESPONDENT) ASSESSEE BY: SHRI S. RAMA RAO REVENUE BY: SHRI SUNIL KUMAR PANDEY DATE OF HEARING: 28 /01/2021 DATE OF PRONOUNCEMENT: 29 /01/2021 O R D E R PER BENCH : THIS ASSESSEES APPEAL FOR AY 2012 - 13 IS DIRECTED AGAINST THE CIT(A) - 1, HYDERABADS ORDER DATED 25 / 01 /201 9 PASSED IN CASE NO. 0006/2017 - 18/ ITO , WARD ITA NO. 816 /HYD/1 9 S. VENKATA LAXMI NARAYANA, HYD. : - 2 - : 12(4)/CIT(A) - 1/HYD/2018 - 19 INVOLVING PROCEEDINGS U/S 144 OF THE INCOME - TAX ACT, 1961 ; IN SHORT THE ACT. 2. AT THE OUTSET, LEARNED AR SUBMITTED THAT THE ASSESSEE HA S FILED FOR SETTLEMENT SOUGHT IN THE FORM - I & II UNDER THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020 BEFORE THE PRESCRIBED AUTHORITY(IES) THEREIN. LEARNED DR HAS NO OBJECTION TO THE SUBMISSION MADE BY THE LEARNED AR OF THE ASSESSEE IN THIS REGARD. 3. ON PERUSAL OF THE DOCUMENTS PLACED ON RECORD OF THE TRIBUNAL, WE FIND THAT THE ASSESSEE HA S PROPOSED TO SETTLE THE CASE TAKING THE BENEFIT UNDER THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020. WE, THEREFORE, ARE OF THE OPINION THAT THE INSTANT APPEAL OF THE A SSESSEE DESERVE S TO BE DISMISSED AT THIS STAGE WITH A RIDER THAT IT SHALL BE VERY MUCH OPEN TO THE ASSESSEE/TAXPAYER TO SEEK REVIVAL OF THE CASE BEFORE THE TRIBUNAL, IF HIS SETTLEMENT PETITION HEREINABOVE IS REJECTED FOR THE TECHNICAL REASONS. ITA NO. 816 /HYD/1 9 S. VENKATA LAXMI NARAYANA, HYD. : - 3 - : 4. IN THE RESULT, A SSESSEE S APPEAL IS DISMISSED IN THE ABOVE TERMS. PRONOUNCED IN THE OPEN COURT ON 29 TH JANUARY, 2021 . SD/ - SD/ - ( LAXMI PRASAD SAHU) (SATBEER SINGH GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDE RABAD, DATED : 29 TH JANUARY, 20 2 1 . KV C OPY TO : 1 SRI S. VENKATA LAXMI NARAYANA, H. NO. 5 - 93, SR NAIK NAGAR, IDA, JEEDIMETLA, QUTUBULLAPUR, RR DISTRICT, HYDERABAD 500 055 2 ITO, WARD 1 2 ( 4 ) , AAYAKAR BHAVAN, BASHEERBAGH, HYDERABAD. 3 CIT(A) 1 , HYDERABAD. 4 PR. CIT - 1 , HYDERABAD 5 ITAT, DR, HYDERABAD. 6 GUARD FILE.