Is it possible to take the app name again after the app got deleted from iTunes-connect? Since we can have 180 days time for app binary submission, After that window expires the application will be deleted from the itunes-connect.

Then is it possible to create another application with the same name?

ie, is there any possibilities for apple to give the same name to the same user after deletion of the app?
No, once and App has been deleted, either by you or because of the expiration process, you cannot reuse your SKU or app name in the same account again. It can be used, though, by another developer.

Under the Deleting an App section of the iTunes Connect Developer Guide you'll learn more about the ramifications of an App Deletion.