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Income Tax Appellate Tribunal, HYDERABAD ‘A’ BENCH : Hyderabad
Before: Smt. P. MADHAVI DEVI & Shri L.P. SAHU
O R D E R PER L.P. SAHU, A.M.
This assessee’s appeal for AY 2012-13 arises against the CIT(A)-2, Hyderabad’s order dated 29.12.2016 in case no. 88/2015-16 involving proceedings u/s 143(3) of the Income Tax Act, 1961 (in short ‘the Act’). Heard both the parties. Case file perused. 2. At the outset, we are informed during the course of hearing from the assessee’s side that the assessee has filed for settlement benefit under the ‘Direct Tax Vivad Se Viswas Scheme-2020’ by way of Form No.1 & 2, and GVK Airport Developers Limited, Hyd. AY 2012-13 Form-3 also stands issued from Pr.CIT-2, Hyderabad. Hence learned counsel for assessee requested permission to withdraw the appeal.
We dismiss this appeal as withdrawn and further make it clear that it shall be open for the assessee to file for revival of its case if the settlement benefit is denied to it for technical reasons.
This assessee’s appeal is dismissed as withdrawn in above terms. Order pronounced in Open Court on 05 /05/2021.