FIRST FRAME ENTERTAINMENTS PRIVATE LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-14(5), HYDERABAD

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ITA 5/HYD/2020Status: DisposedITAT Hyderabad21 April 2021AY 2013-143 pages

In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal dismissed the appeal as withdrawn, acknowledging the assessee's decision to settle under the Vivad-se-Vishwas Scheme. The assessee retains the right to revive the appeal if the scheme benefit is denied.

What were the facts?

The assessee filed an appeal for AY 2013-14. The assessee subsequently opted to avail the benefit under the Direct Tax Vivad Se Viswas Scheme-2020 and received the relevant forms.

What were the issues?

Whether the appeal should be withdrawn due to the assessee opting for the Vivad-se-Vishwas Scheme.

Which sections of the Income-tax Act were involved?

Section 143(3),Section 147

AI-generated summary — verify with the full judgment below

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

Before: SHRI SATBEER SINGH GODARA & LAXMI PRASAD SAHU

For Appellant: Shri B. Shanthi Kumar
For Respondent: Shri Rohit Mujumdar
Hearing: 08/04/2021Pronounced: 21/04/2021

O R D E R PER BENCH: This appeal filed by the assessee for AY 2013-14 is directed against CIT(A) - 6, Hyderabad’s order dated 01/11/2019 involving proceedings u/s 143(3) rws 147 of the Income Tax Act, 1961 ; in short “the Act”.

2.

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 -: First Frame Entertainments Pvt. Ltd., Hyderabad. . prescribed Form No.1 & 2 and received Form(s)-3 in tune thereto, which is placed on record and therefore, requested the Bench to permit to withdraw this appeal of the assessee.

4.

Having regard to the facts and circumstances of the case, we are inclined to dismiss the appeal of the assessee as withdrawn since the assessee has preferred to avail the Vivad-se-Vishwas Scheme by filing Form No.1 & 2 and received Form(s)-3 in tune thereto, with a rider that it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

5.

In the result, assessee’s appeal is dismissed in above terms. Pronounced in the open court on 21st April, 2021.

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