PUDAMI INDUSTRIES PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD
ITA No 1111 of 2024 Pudami Industries P Ltd Hyderabad
Page 1 of 3
आयकर अपीलȣय अͬधकरण, हैदराबाद पीठ
IN THE INCOME TAX APPELLATE TRIBUNAL
Hyderabad ‘ A ‘ Bench, Hyderabad
Before Shri Laliet Kumar, Judicial Member A N D
Shri Manjunatha, G. Accountant Member
आ.अपी.सं /ITA No.1111/Hyd/2024
(िनधाŊरण वषŊ/Assessment Year: 2013-14)
Pudami Industries (P) Ltd,
Hyderabad
PAN:AAGCP3957L
Vs.
Dy. CIT
Circle 5(1)
Hyderabad
(Appellant)
(Respondent)
िनधाŊįरती Ȫारा/Assessee by:
Shri P. Vinod, Advocate
राज̾ व Ȫारा/Revenue by:
Shri B Bala Krishna, CIT(DR)
सुनवाई की तारीख/Date of hearing:
03/02/2025
घोषणा की तारीख/Pronouncement: 03/02/2025
आदेश/ORDER
Per Laliet Kumar, J.M
This appeal filed by the assessee is directed against the order dated 24/07/2024 of the learned CIT (A)-NFAC Delhi, relating to A.Y.2013-14. 2. At the time of hearing, the learned AR of the assessee has submitted that the assessee has opted for Vivad-se-Vishwas
Scheme of 2024 to settle the tax dispute involved in the present appeal. The competent authority has issued Form No.3, copy of which is filed on record. Thus, the learned AR has submitted that ITA No 1111 of 2024 Pudami Industries P Ltd Hyderabad
Page 2 of 3
the assessee is seeking permission to withdraw the appeal as the dispute has been settled under the Vivad-se-Vishwas Scheme
2024. 3. The learned DR has raised no objection, if the present appeal of the assessee is dismissed as withdrawn in view of the settlement of dispute under Vivad-se-Vishwas.
Having considered the submissions of both the parties and going through the record, we find the assessee has filed an application for seeking permission to withdraw the present appeal in view of the tax dispute settled under Vivad-se-Vishwas Scheme, 2024. Since the competent authority has issued Form No.3, consequently, the assessee is allowed to withdraw the present appeal. Accordingly, the present appeal of the assessee is dismissed as withdrawn since the assessee has already opted for Vivad-se-Vishwas Scheme, 2024. The assessee can approach the Tribunal in case the settlement is not accepted by the Department under Vivad se Vishwas Scheme 2024, for whatsoever may be the reason, then the assessee shall be at liberty to file Miscellaneous Application before the Tribunal within the time limit prescribed under the Act to reinstate assessee's appeal. Ordered accordingly.
In the result, the appeal of the assessee is dismissed as 'withdrawn'.
ITA No 1111 of 2024 Pudami Industries P Ltd Hyderabad
Page 3 of 3
Order pronounced in the Open Court at the time of hearing itself i.,e. on 3rd February, 2025. (MANJUNATHA, G.)
ACCOUNTANT MEMBER
Hyderabad, dated 3rd February, 2025
Vinodan/sps
Copy to:
S.No Addresses
1
M/s. Pudami Industries (P) Ltd Plot No.111 Behind Rythu Bazar,
Phase-I, Dharma Reddyt Colony, Kukatapally, Hyderabad 500072
2
Dy. CIT, Circle 5(1) IT Towers, AC Guards, Masab Tank, Hyderabad
3
Pr. CIT Hyderabad
4
DR, ITAT Hyderabad Benches
5
Guard File
By Order