Sri Bhavani Ventures, Hyd, Hyderabad v. DCIT, Circle-9(1), Hyderabad, Hyderabad

ITA 225/HYD/2016 | 2007-2008
Pronouncement Date: 06-05-2021 | Result: Dismissed

Appeal Details

RSA Number 22522514 RSA 2016
Assessee PAN ACHFS8168E
Bench Hyderabad
Appeal Number ITA 225/HYD/2016
Duration Of Justice 5 year(s) 2 month(s) 7 day(s)
Appellant Sri Bhavani Ventures, Hyd, Hyderabad
Respondent DCIT, Circle-9(1), Hyderabad, Hyderabad
Appeal Type Income Tax Appeal
Pronouncement Date 06-05-2021
Appeal Filed By Assessee
Tags VSVS
Order Result Dismissed
Bench Allotted DB-B
Tribunal Order Date 06-05-2021
Date Of Final Hearing 05-05-2021
Next Hearing Date 05-05-2021
Last Hearing Date 06-04-2018
First Hearing Date 24-11-2020
Assessment Year 2007-2008
Appeal Filed On 29-02-2016
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES B : HYDERABAD (THROUGH VIDEO CONFERENCE) BEFORE SHRI A.MOHAN ALANKAMONY ACCOUNTANT MEMBER AND SHRI S.S.GODARA JUDICIAL MEMBER I.T.A. NOS. 225 & 226/HYD/2016 ASSESSMENT YEARS: 2007-08 & 2008-09 SRI BHAVANI VENTURES HYDERABAD [PAN: ACHFS8168E] VS DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-9(1) HYDERABAD (APPELLANT) (RESPONDENT) FOR ASSESSEE : SMT. S.SANDHYA AR FOR REVENUE : SHRI B.V.PRASAD REDDY DR DATE OF HEARING : 05-05-2021 DATE OF PRONOUNCEMENT : 06-05-2021 O R D E R PER S.S.GODARA J.M. : THESE TWO ASSESSEES APPEALS FOR AYS.2007-08 & 2008 -09 ARISE FROM CIT(A)-7 HYDERABADS ORDER(S) BOTH DATED 27-11- 2015 PASSED IN APPEAL NOS.534 & 532/ CIT(A)-7 / 201 4-15 IN PROCEEDINGS U/S.143(3) R.W.S.153C OF THE INCOME TAX ACT 1961 [IN SHORT THE ACT]. 2. AT THE OUTSET WE ARE INFORMED DURING THE COURSE OF HEARING FROM THE ASSESSEES SIDE THAT IT HAS FILED FOR SETTLEMENT BENEFIT UNDER THE DIRECT TAX VIVAD SE VISWAS SCHEME-2 020 IN PRESCRIBED FORM NO.1 & 2 AND FORM(S)-3 IN TUNE THERET O; ALSO STAND ISSUED. ITA NOS. 225 & 226/HYD/2016 :- 2 -: 3. THE ASSESSEES SOLE IDENTICAL PLEA IN THESE CASES IS THAT SINCE THE DEPARTMENT IS YET TO FINALISE THE SETTLEMENT IN TU NE WITH FORM(S)-3 ISSUED UNDER THE SCHEME THESE APPEALS MAY NOT BE DISMISSED AS WITHDRAWN AS ON DATE. WE FIND NO MERIT IN ASSESSEES CONTENTIONS PER SE. THE FACT REMAINS THAT THE ASSESSEE HAS ALREADY BEEN ISSUED FORM-3 NO PURPOSE WOULD BE SERVED IF THESE CASES ARE KEPT PENDING. WE THEREFOR E ORDER THAT THESE APPEALS BE TREATED AS DISMISSED AS WITHDRAWN W ITH A RIDER THAT IT SHALL BE VERY MUCH OPEN FOR THE ASSESSE E TO FILE FOR REVIVAL OF THESE CASES IF THE SETTLEMENT BENEFIT UN DER THE SCHEME IS DENIED TO IT FOR TECHNICAL REASONS. 4. THESE TWO APPEALS ARE DISMISSED AS WITHDRAWN IN ABOVE TERMS. ORDER PRONOUNCED IN THE OPEN COURT ON 6 TH MAY 2021 SD/- SD/- ( A. MOHAN ALANKAMONY ) ( S.S. GODAR A ) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD DATED: 06-05-2021 TNMM ITA NOS. 225 & 226/HYD/2016 :- 3 -: COPY TO : 1.SRI BHAVANI VENTURES C/O. SRI S.RAMA RAO ADVOCA TE FLAT NO. 102 SHRIYAS ELEGANCE 3-6-643 STREET N O.9 HIMAYAT NAGAR HYDERABAD. 2.THE DY.COMMISSIONER OF INCOME TAX CIRCLE-9(1) HYDERABAD. 3.CIT(APPEALS)-7 HYDERABAD. 4.PR.CIT-7 HYDERABAD. 5.D.R. ITAT HYDERABAD. 6.GUARD FILE.