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Income Tax Appellate Tribunal, HYDERABAD BENCHES “B”: HYDERABAD
Before: SHRI SATBEER SINGH GODARA & LAXMI PRASAD SAHU
O R D E R PER BENCH: These two Revenue’s appeals & 855/Hyd/2018 for AYs 2010-11 & 2011-12 are directed against the CIT(A) - 4, Hyderabad’s orders, both, dated 12/02/2018. Assessee’s appeal ITA No. 1056/Hyd/2017 for AY 2009-10 is directed against the CIT(A) – 4, Hyderabad’s order dated 23/03/2017.
:- 2 -: and others Quippo Construction Equipment Ltd., Hyd.
At the outset, we are informed during the course of hearing from the both the revenue as well as assessee’s side that assessee has filed for settlement benefit under the ‘Direct Tax Vivad Se Viswas Scheme-2020’ in prescribed Form No.1 & 2 and Form(s)-3 in tune thereto; also stand issued, which are placed on record.
Having regard to the facts and circumstances of the case, we are inclined to dismiss the appeals of the revenue as well as assessee as withdrawn since the assessee has preferred to avail the Vivad-se-Vishwas Scheme by filing Form No.1 & 2 and Form(s)-3 in tune thereto; also stand issued, with a rider that it shall be very much open for the respective parties to file for revival of these cases, if the settlement benefit under the scheme is denied to it for technical reasons. 5. In the result, both the revenue’s appeals and assessee’s appeal are dismissed in above terms. Pronounced in the open court on 18th March, 2021.