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Income Tax Appellate Tribunal, HYDERABAD BENCHES “B”: HYDERABAD
Before: SHRI SATBEER SINGH GODARA & SHRI LAXMI PRASAD SAHU
O R D E R PER BENCH: These two assessee’s appeals for AY 2014-15 are directed against the CIT(A) - 7, Hyderabad’s separate orders, dated 03/072018 involving proceedings u/s 271A & 271B of the Income Tax Act, 1961 ; in short “the Act”.
:- 2 -: & 1202/Hyd/19 Lahari Chethi Reddy, Hyd.
At the outset, the ld. counsel for the assessee submitted that the assessee has opted to avail ‘Direct Tax Vivad Se Viswas Scheme-2020’ and had filed Form No. 1 & 2 and is awaiting to receive Form 3 from the revenue.
Having regard to the facts and circumstances of the case, we are inclined to dismiss the appeals of the assessee as withdrawn since the assessee has preferred to avail the Vivad-se-Vishwas Scheme by filing Form No.1 & 2 and is awaiting to receive Form-3 from the Revenue. Accordingly, we hereby dismiss the appeals of the assessee as withdrawn. However, we also make it clear that, if the assessee's cases are not accepted in the Vivad-Se-Viswas scheme by the Revenue for whatsoever may be the reason, then assessee shall be at liberty to file Miscellaneous Petitions before the Tribunal within the time limit prescribed under the Act to reinstate his appeals.
:- 3 -: & 1202/Hyd/19 Lahari Chethi Reddy, Hyd.
In the result, assessee’s appeal is dismissed in above terms. Pronounced in the open court on 24th February, 2021.