Renuka Plasti Crafts Pvt. Ltd., Hyderabad, Secunderabad DCIT, Circle-3(1), Hyderabad, Hyderabad

IN THE INCOME TAX APPELLATE TRIBUNAL
HYDERABAD BENCH “B”, HYDERABAD
(Through Virtual Hearing)

BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER
AND
SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER

ITA No. 166/Hyd/2017
A.Y. 2007-08

M/s. Renuka Plasti Crafts
Private Limited,
Hyderabad-500 055.
PAN: AABCR 5731 P
(Appellant) 

VS. 

The Dy. Commissioner of
Income Tax,
Circle-13(1),
Hyderabad.
(Respondent)

Assessee by: Shri Pawan Kumar Chakrapani
Revenue by: Shri Rohit Mujumdar

Date of hearing: 29/04/2021
Date of pronouncement: 03/05/2021

ORDER

PER A. MOHAN ALANKAMONY, A.M:

This appeal is filed by the assessee against the order of the Ld. CIT(A)-10, Hyderabad in appeal No.0175/CIT(A)-10/2015-10, dated 30/08/2016 passed U/s. 143(3) r.w.s 250(6) of the Act for the A.Y. 2007-08.

2. At the outset, Ld.AR submitted before us that the assessee desires to withdraw its appeal as the assessee has opted to avail ‘Vivad Se Viswas’ scheme. He further submitted that the assessee had filed Form No.1 & 2 and also received Form-3 from the Revenue. It was therefore  pleaded, that the instant appeal of the assessee may be allowed to be withdrawn.

3. The Ld. DR conceded to the request of the Ld.AR.

4. Having heard both the parties through video conference, We are inclined to allow the appeal of the assessee to be withdrawn yielding to the prayer of the Ld. AR as the assessee has preferred to avail the Vivadse-Vishwas Scheme by filing Forms No.1, 2 and also received Form No.3 from the Revenue. The Ld. DR has also conceded to the request of the Ld. AR. Accordingly, We hereby dismiss the appeal of the assessee as withdrawn. However, we also make it clear that, if the assessee’s case is not accepted in the Vivad-Se-Viswas scheme by the Revenue for whatsoever may be the reason, then the assessee shall be at liberty to file a Miscellaneous Petition before the Tribunal within the time limit prescribed under the Act to reinstate its appeal. It is ordered accordingly.

5. In the result, appeal of the assessee is dismissed as withdrawn.

Pronounced in the open Court on the 03rd May, 2021.

Sd/-                                          Sd/-
(P. MADHAVI DEVI)                (A. MOHAN ALANKAMONY)
JUDICIAL MEMBER               ACCOUNTANT MEMBER

Hyderabad, Dated: 03rd May, 2021.
OKK

Copy to:-
1) (i) M/s. Renuka Plasti Crafts Private Limited C/o. Pawan Kumar Chakrapani, M/s. V.M. Chakrapani & Co., Chartered Accountants, 5-5-8/9 & 10, 2nd Floor, Srinivasa Building,Ranigunj, Secunderabad – 500 003.
2) Deputy Commissioner of Income Tax, Circle-3(1), Hyderabad.
3) The CIT (A)-10, Hyderabad.
4) The Pr. CIT-3, Hyderabad.
5) The DR, ITAT, Hyderabad
6) Guard File