CYIENT LIMITED,HYDERABAD vs DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(2), HYDERABAD

Income Tax Appellate Tribunal, HYDERABAD BENCHES “B”: HYDERABAD

Before: SHRI SATBEER SINGH GODARA & LAXMI PRASAD SAHU

For Appellant: Shri Pawan Kumar

For Respondent: Shri YVST Sai

Hearing: 23/08/2021Pronounced: 25/08/2021

O R D E R PER BENCH: This appeal filed by the assessee for AY 2013-14 is directed against DCIT, Circle – 1(2), Hyderabad’s, order dated 30/10/2017 involving proceedings u/s 143(3) rws 144C of the Income Tax Act, 1961 ; in short “the Act”.

At the outset, the ld. counsel for the assessee submitted that the assessee has opted to avail the benefit under the ‘Direct Tax Vivad Se Viswas Scheme-2020’ in :- 2 -: Cyient Ltd., Hyderabad . prescribed Form No.1 & 2 and received Form(s)-3 in tune thereto, and the same could not be filed due to paucity of time, therefore, requested the Bench to permit to withdraw this appeal of the assessee.

Having regard to the facts and circumstances of the case, we are inclined to dismiss the appeals of the assessee as withdrawn since the assessee has preferred to avail the Vivad-se-Vishwas Scheme by filing Form No.1 & 2 and received Form(s)-3 in tune thereto, with a rider that it shall be very much open for the assessee to file for revival of these cases, if the settlement benefit under the scheme is denied to it for technical reasons.

In the result, assessee’s appeal is dismissed in above terms. Pronounced in the open court on 25th August, 2021.

CYIENT LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(2), HYDERABAD