Income Tax Appellate Tribunal - Hyderabad
M/S Golkonda Aluminium Extrusion ... vs Asst. Commissioner Of Income Tax, ... on 26 April, 2021
IN THE INCOME TAX APPELLATE TRIBUNAL
HYDERABAD BENCHES "A": HYDERABAD
(THROUGH VIRTUAL CONFERENCE)
BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER
and
LAXMI PRASAD SAHU, ACCOUNTANT MEMBER
ITA No. 2148/H/2017
Assessment Year: 2013-14
Golkonda Aluminum Vs. Asst. Commissioner of
Extrusions Ltd. (formerly Income-tax,
Alumeco India Extrusion Circle - 15(1), Hyderabad.
Ltd.), Medak.
PAN - AABCP 7715 M
(Appellant) (Respondent)
Assessee by: Shri Chaitanya Krishna
Revenue by: Shri R. Dipak
Date of hearing: 21/04/2021
Date of pronouncement: 26/04/2021
ORDER
PER BENCH:
This appeal filed by the assessee for AY 2013-14 is directed against ACIT - 15(1), Hyderabad's order dated 16/10/2017 involving proceedings u/s 143(3) rws 92CA and 144C of the Income Tax Act, 1961 ; in short "the Act".
:- 2 -: ITA No. 2148/Hyd/2017 Golkonda Aluminium Extrusio ns Ltd., Hyd.
2. At the outset, Ld. AR submitted before us that the assessee desires to avail 'Vivad Se Viswas' scheme. In this connection, he invited our attention to the letter dated 16/04/2021 addressed to Assistant Registrar, ITAT, Hyderabad wherein it was stated that the assessee has received Form No. 3, which is enclosed, and the same is available on record.
3. The Ld. DR submitted that if the assessee desire s to avail the Vivad se Vishwas scheme, 2020 the Revenue has no objection.
4. Having heard both the parties, through video conference, we are inclined to treat the instant appeal of the assessee as withdrawn relying on the decision of the Hon'ble High Court of Madras in the case of DCIT vs. M/s. Keyaram Hotels P. Ltd in T.C.A. No. 694 of 2019, dated 13/10/2020 wherein it was held as under:-
"3. The Learned Counsel for the respondent / assessee, on instructions, submitted that the respondent / assessee intends to avail the benefit of Vivad se Vishwas scheme (VVS Scheme for brevity) an d in this regard, the assessee is taking steps to file the application / declaration in form No.1. .......
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7. As observed, the assessee is given liberty to restore this appeal in the event the ultimate decision to be taken on the declaration to be file d by the assessee :- 3 -: ITA No. 2148/Hyd/2017 Golkonda Aluminium Extrusio ns Ltd., Hyd.
under Section 4 of the said Act is not in favour of the assessee. If such a prayer is made, the Registry shall entertain the prayer without insisting upon any application to be filed for condonation of delay in restoration of the appeal and on such request made by the assessee by filing a Miscellaneous Petition for Restoration, the Registry shall place such petition before the Division Bench for orders.
8. In the light of the above, we direct the respondent / assessee to file Form No.1 on or before 09/11/2020 and the competent authority http://www.judis.nic.in5/6 T.C.A.No.6 94 of 2019."
Accordingly, we hereby dismiss the instant appeal of the assessee as withdrawn. However, we also make it clear that, if the assessee's case is not accepted in the Vivad-se-Vishwas Scheme by the Revenue for whatsoever may be reason on a subsequent date, then the assessee shall be at liberty to file Miscellaneous Petition before the Tribunal within the time limit prescribed under the Act to reinstate its appeal. It is ordered accordingly.
5. In the result, assessee's appeal is dismissed in above terms.
Pronounced in the open court on 26 th April, 2021.
Sd/- Sd/-
(S. S. GODARA) (L.P. SAHU)
JUDICIAL MEMBER ACCOUNTANT MEMBER
Hyderabad, Dated: 26 th April, 2021.
kv
:- 4 -: ITA No. 2148/Hyd/2017
Golkonda Aluminium Extrusio ns Ltd., Hyd.
copy to :
1 Golkonda Aluminium Extrusions Ltd., Prasad & Prasad, CAs, Flat No. 301, MJ Towes, 8-2-698, Road No. 12, Banjara Hills, Hyderabad - 500 034 2 ACIT, Circle - 15(1), Hyderabad. 3 DRP - 1, Bengaluru 4 Pr. CIT - 7, Hyderabd 5 ITAT, DR, Hyderabad 6 Guard File.