Venkat Reddy Varala , Hyderabad V. Income Tax Officer, Ward-15(2), Hyderabad

ITA 962/Hyd/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 7159 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 9 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Assessment Year: 2014-2015
• Appeal Filed On: 07-06-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

ITA NO 962 OF 2019 VENKAT REDDY VARALA 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 LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO.962/HYD/2019 ASSESSMENT YEAR: 2014-15 SRI VENKAT REDDY VARALA HYDERABAD PAN:ACVPV5182H VS. I T O WARD-15 (2) HYDERABAD (APPELLANT) (RESPONDENT) ASSESSEE BY: NONE REVENUE BY : SRI ROHIT MUJUMDAR, DR DATE OF HEARING: 26/03/2021 DATE OF PRONOUNCEMENT: 06/04/2021 ORDER PER SMT. P. MADHAVI DEVI, J.M. THIS IS ASSESSEES APPEAL FOR THE A.Y 2014-15 AGAIN ST THE ORDER OF THE CIT (A)-7, HYDERABAD, DATED 13.05. 2019. 2. NONE APPEARED ON BEHALF OF THE ASSESSEE ON THE D ATE OF HEARING. HOWEVER, THE ASSESSEE VIDE LETTER DATED 8. 3.2021 SUBMITTED BEFORE US THAT THE ASSESSEE DOES NOT WANT TO PURSUE THE APPEAL AS IT HAS ALREADY FILED FORMS I & II UND ER THE VIVAD SE VISHWAS SCHEME AND ITS ACCEPTANCE IS RECEIVED. THE REFORE, CONSEQUENT TO THE SAME, THE ASSESSEE DESIRES TO WIT HDRAW THE APPEAL BEFORE THE TRIBUNAL. HENCE IT WAS PLEADED, T HAT THE APPEAL OF THE ASSESSEE MAY BE TREATED AS WITHDRAWN. 3. THE LD. DR CONCEDED TO THE REQUEST OF THE LD. AR . ITA NO 962 OF 2019 VENKAT REDDY VARALA 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 AR, WE HEREBY ALLOW THE APPEAL OF THE ASSESSEE TO BE WITHDRAWN.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 IN THE RESULT, APPEAL OF ASSESSEE IS DISMISSED A S WITHDRAWN.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 6 TH APRIL, 2021. SD/- SD/- (LAXMI PRASAD SAHU) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 6 TH APRIL, 2021. VINODAN/SPS COPY TO: 1 SRI VENKAT REDDY VARALA, PLOT NO.174, BABA NAGAR, MALLAPUR, HYDERABAD 500076 2 ITO WARD 15(2) HYDERABAD 3 CIT (A)-7 HYDERABAD 4 PR. CIT 7 HYDERABAD 5 THE DR, ITAT HYDERABAD 6 GUARD FILE BY ORDER