KOSARAJU RAMAKRISHNA,HYDERABAD vs. INCOME TAX OFFICER, WARD-9(1), HYDERABAD
Income Tax Appellate Tribunal, HYDERABAD “B” BENCH : HYDERABAD
Before: SHRI MANJUNATHA G & SHRI RAVISH SOOD
PER MANJUNATHA G, A.M. :
This appeal has been filed by the Assessee against the Order of the learned CIT(A)-National Faceless Appeal
Centre [in short “NFAC”], Delhi, dated 29.08.2024, relating to the assessment year 2013-2014. 2. Learned Counsel for the Assessee, at the very outset, submitted that the assessee has opted to settle the dispute under Direct Taxes Vivad Se Vishwas Scheme, 2024
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ITA.No.1211/Hyd./2024
and that the Designated Authority has issued Form No.2
and accepted the application filed by the assessee in Form
No.1. In view of the above, the assessee vide letter dated
28.02.2025 seeks permission of the Tribunal to withdraw the appeal, to which, the Learned DR has no objection.
We have heard the rival submissions of both the parties and perused the relevant Form No.2 and letter dated 28.02.2025 filed by the assessee for withdrawal of the appeal and we find that, assessee has opted to settle the dispute under Direct Taxes Vivad Se Vishwas Scheme, 2024 by filing Form No.1 and the Designated Authority has issued Form No.2 dated 17.02.2025 and determined the tax payable at Rs.48,29,052/-. Since the assessee has opted to settle the dispute under Direct Taxes Vivad Se Vishwas Scheme, 2024 and filed memo for withdrawal of the appeal, we dismiss the appeal of the assessee as “withdrawn”. We make it clear that, the assessee can approach the Tribunal in case the settlement is not accepted by the Department under Direct Taxes Vivad se Vishwas Scheme 2024, for whatsoever may be the reason, then the assessee shall be at 3 ITA.No.1211/Hyd./2024
liberty to file Miscellaneous Application before the Tribunal within the time limit prescribed under the Act to reinstate the instant assessee's appeal. Ordered accordingly.
In the result, appeal of the Assessee is dismissed. as “withdrawn”.
Order pronounced in the open Court on 05.03.2025. [RAVISH SOOD]
[MANJUNATHA G]
JUDICIAL MEMBER
ACCOUNTANT MEMBER
Hyderabad, Dated 05th March, 2025
VBP
Copy to 1. Kosaraju Ramakrishna, 4-128/5-507, Saroornagar,
Dilsukhnagar Colony S.O. Hyderabad, KV Ranga
Reddy. PIN – 500 060. Telangana.
The Income Tax Officer, Ward-9(1), IT Towers, AC Guards, Masab Tank, Hyderabad – 500 004. Telangana. 3. The Pr. CIT, Hyderabad. 4. The DR ITAT “B” Bench, Hyderabad 5. Guard File
//By Order//
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Sr. Private Secretary : ITAT :
Hyderabad Benches, Hyderabad.