Income Tax Officer, Ward-3(2), Hyderabad V. RAS Infrastructure Limited , Hyderabad

ITA 982/Hyd/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 5618 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 10 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-05-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 27-04-2021
• Assessment Year: 2008-2009
• Appeal Filed On: 11-06-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ROHIT MAJUMDAR
• Assessee Lawyers: M V ANIL KUMAR

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD. BEFORE S MT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI A. MOHAN ALANKAMONY , ACCOUNTANT MEMBER (THROUGH VIRTUAL HEARING) ITA NO S . 982 & 983 /HYD/201 9 (ASSESSMENT YEAR : 20 08 - 09 ) INCOME TAX OFFICER , WARD 3 ( 2 ), HYDERABAD. VS. M/S. RAS INFRASTRUCTURE LIMITED, 117, ROAD NO.56, JUBILEE HILLS, HYDERABAD - 500 033 PAN AACCR 4257P APPELLANT RESPONDENT ASSESSEE BY : SHRI M . V. ANIL KUMAR. RE VENUE BY : SHRI ROHIT MAJUMDAR (D.R) DATE OF HEARING : 27.04. 2021 . DATE OF PRONOUNCEMENT : 03.05 .2021. O R D E R PER S MT. P. MADHAVI DEVI, J.M. : TH ESE TWO APPEAL FILED BY REVENUE IS ARISING OUT OF ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS) - 3 , HYDERABAD BOTH DT.2 2 .03.2019 FOR THE ASSESSMENT YEAR 20 08 - 09 . 2. AT THE OUTSET, THE LD. AUTHORIZED REPRESENTATIVE OF THE ASSESSEE SUBMITTED THAT THE ASSESSE E DO ES NOT WANT TO PURSUE THE APPEAL AS HE HAS ALREADY FILED F ORMS 2 ITA NO. 982 & 983 /HYD/2019 I & II UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME, 2020 BY WAY OF FORM NOS.1 & 2 , AND RECE I VED FORM 3 ISSUED BY THE DEPARTMENT. THEREFORE, CONSEQUENT TO THE SAME, THE ASSESSE E DESIRES TO WITHDRAW THE APPEAL S BEFORE THE TRIBUNAL. HENCE IT WAS PLEADED, THAT THE APPEAL S OF THE REVENUE MAY BE TREATED AS WITHDRAWN. 3. THE LD. DR CONCEDED TO THE REQUEST OF THE LD. AR. 4 . AFTER HEARING BOTH THE PARTIES, ACCORDING TO THE REQUEST OF THE LD. AR, WE HEREBY ALLOW THE APPEAL S OF THE REVENUE TO BE WITHDRAWN. 7. IN THE RESULT, APPEALS OF R EVENUE ARE DISMISSED AS THE ASSESSEE RECEIVED FORM 3 UNDER VIVAD SE VISHWAS SCHEME ACT, 2020 . ORDER PRONOUNCED IN THE OPEN COURT ON 3 RD MAY, 2021. SD/ - SD/ - (A. MOHAN ALANKAMONY ) ( SMT. P. MADHAVI DEVI ) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DT. 03.05 . 2021. * REDDY GP 3 ITA NO. 982 & 983 /HYD/2019 COPY TO : 33 1. M/S. RAS INFRASTRUCTURE LIMITED, 117, ROAD NO.56, JUBILEE HILLS, HYDERABAD - 500 033 2. IT O , WARD 3(2), HYDERABAD. 3. PR. C I T - 3 , HYDERABAD. 4. CIT (A) - 3 , HYDERABAD. 5. DR, ITAT, HYDERABAD. 6. GUARD FILE. BY ORDER SR. PVT. SECRETARY, ITAT, HYDERABAD.