Gunturu Raghu Babu(HUF), Hyderabad v. Income Tax Officer, Ward-8(1), Hyderabad

ITA 821/Hyd/2019 | 2015-2016
Pronouncement Date: 17-03-2021 | Result: Dismissed

Appeal Details

RSA Number 82122514 RSA 2019
Assessee PAN AAEHG6282N
Bench Hyderabad
Appeal Number ITA 821/Hyd/2019
Duration Of Justice 1 year(s) 9 month(s) 27 day(s)
Appellant Gunturu Raghu Babu(HUF), Hyderabad
Respondent Income Tax Officer, Ward-8(1), Hyderabad
Appeal Type Income Tax Appeal
Pronouncement Date 17-03-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted DB-B
Tribunal Order Date 17-03-2021
Last Hearing Date 19-05-2021
First Hearing Date 08-02-2021
Assessment Year 2015-2016
Appeal Filed On 20-05-2019
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES B : HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SHRI SATBEER SINGH GODARA JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU ACCOUNTANT MEMBER IT A NO . 821 /H/201 9 ASSESSMENT YEAR: 201 5 - 1 6 GUNTURU RAGHU BABU (HUF) HYDERABAD. PAN A AEHG 6282N VS. INCOME - TAX O F FICER WARD 8( 1 ) HYDERABAD. (APPELLANT S ) (RESPONDENT) ASSESSEE BY : SHRI SASHANK DUNDU FOR SHRI K.A. SAI PRASAD REVENUE BY : SHRI ROHIT MUJUMDAR DATE OF HEARING: 08 /0 2 /2021 DATE OF PRONOUNCEMENT: 17 / 0 3 /2021 O R D E R PER BENCH . : TH IS ASSESSEE S APPEAL FOR AY 20 1 5 - 1 6 IS DIRECTED AGAINST THE C I T(A) - 1 HYDERABAD S ORDER DATED 0 7 / 03 /201 9 INVOLVING PROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT 1961 ; IN SHORT THE ACT. I TA NO. 821 /HYD/1 9 GUNTURU RAGHU BABU (HUF) HYD. : - 2 - : 2. AT THE OUTSET LD. COUNSEL FOR THE ASSESSEE REQUES TED THE BENCH FOR PERMISSION TO WITHDRAW ASSESSEE S APPEAL AS THE ASSESSEE HA S OPTED TO AVAIL DIRECT TAX VIVAD SE VISWAS SCHEME - 2020 AND HAD FILED FORM NO. 1 & 2 AND IS AWAITING TO RECEIVE FORM 3 FROM THE REVENUE. 3. HAVING REGARD TO THE FACTS AND CIRCUMSTANCES OF THE CASE WE ARE INCLINED TO DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN SINCE THE ASSESSEE HA S PREFERRED TO AVAIL THE VIVAD - SE - VISHWAS SCHEME BY FILING FORM NO.1 & 2 AND IS AWAITING TO RECEIVE FORM - 3 FRO M THE REVENUE. ACCORDINGLY WE HEREBY DISMISS THE APPEAL OF THE ASSESSEE AS WITHDRAWN. HOWEVER WE ALSO MAKE IT CLEAR THAT IF THE ASSESSEE S CASE IS E NOT ACCEPTED IN THE VIVAD - SE - VISWAS SCHEME BY THE REVENUE FOR WHATSOEVER MAY BE THE REASON THEN ASSESSEE SHALL BE AT LIBERTY TO FILE MISCELLANEOUS PETITION S BEFORE THE TRIBUNAL WITHIN THE TIME LIMIT PRESCRIBED UNDER THE ACT TO REINSTAT E ITS APPEAL. I TA NO. 821 /HYD/1 9 GUNTURU RAGHU BABU (HUF) HYD. : - 3 - : 4 . IN THE RESULT ASSESSEE S APPEAL IS DISMISSED IN ABOVE TERMS. PRONOUNCED IN THE OPEN COURT ON 17 TH MARCH 2021 . SD/ - SD/ - ( S.S. GODARA ) (LAXMI PRASAD SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDE RABAD DATED : 1 7 TH MARCH 20 2 1 . K V C OPY TO : 1 GUNTURU RAGHU BABU (HUF) C/O CH. PARTHASARATHY & CO. 1 - 1 - 298/2/B/3 1 ST FLOOR SOWBHAGYA AVENUE STREET 1 ASHOK NAGAR HYDERABAD 500 020 2 ITO WARD 8( 1 ) SIGNATURE TOWERS OPP. BOTANICAL GARDENS KONDAPUR HYDERABAD. 3 C I T(A) - 1 HYDERABAD 4 PR. CIT - 2 HYDERABAD 5 ITAT DR HYDERABAD. 6 GUARD FILE.