DAEHA PLASTIC COMPOUND INDIA PRIVATE LIMITED,ANANTHAPUR vs. DCIT., CIRCLE 1, KURNOOL
आयकर अपीलीय अधिकरण, हैदराबाद पीठ में
IN THE INCOME TAX APPELLATE TRIBUNAL
HYDERABAD BENCHES “A”, HYDERABAD
BEFORE
SHRI K.NARASIMHA CHARY, JUDICIAL MEMBER
&
SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER
आ.अपी.सं / ITA No.879/Hyd/2024
(निर्धारण वर्ा / Assessment Year: 2020-21)
Daeha Plastic Compound India
Private Limited
Ananthapur
[PAN : AAGCD4480J]
Vs. Dy.Commissioner of Income Tax
Circle-1
Kurnool
अपीलधर्थी / Appellant
प्रत्यर्थी / Respondent
निर्धाररती द्वधरध/Assessee by: Shri Vinay Jain, AR
रधजस्व द्वधरध/Revenue by:
Shri B.Bala Krishna, CIT-DR
सुिवधई की तधरीख/Date of hearing:
13/03/2025
घोर्णध की तधरीख/Pronouncement on: 13/03/2025
आदेश / ORDER
PER K. NARASIMHA CHARY, J.M:
Aggrieved by the order dated 12/07/2024 passed by the learned
Assessing Officer (assessment unit, Income Tax Department) pursuant to the directions of the Learned Dispute Resolution Panel (DRP)-1, Bengaluru
(learned DRP), in the case of Daeha Plastic Compound India Pvt. Ltd (“the assessee”) for the assessment year 2020-21, assessee preferred this appeal.
2. At the outset, Ld.AR submitted before us that the assessee desires to withdraw his appeal as he has opted to avail ‘Vivad Se Viswas’ scheme and 2
accordingly, the assessee has filed Form No.1. It was therefore, pleaded that the appeal of the assessee may be allowed to be withdrawn.
3. The Ld. DR conceded to the request of the Ld.AR.
4. Having heard both the parties, we are inclined to allow the appeal of the assessee to be withdrawn yielding to the prayer of the Ld.AR and accordingly, hereby dismiss the appeal as withdrawn. However, we also make it clear that, if the assessee’s case is not accepted in the Vivad Se Viswas scheme by the Revenue for whatsoever may be the reason, then the assessee shall be at liberty to file a Miscellaneous Petition before the Tribunal within the time limit prescribed under the Act to reinstate the appeal. It is ordered accordingly.
5. In the result, the appeal of assessee is dismissed as withdrawn.
Order pronounced in the open court on this the 13th day of March, 2024. (MADHUSUDAN SAWDIA)
JUDICIAL MEMBER
Hyderabad,
Dated: 13/03/2025
L.Rama, SPS