M/s Seshasai Knittings Pvt Ltd, Vijayawada V. The ACIT, Circle-1(1)., Vijayawada

CO 42/VIZ/2008

• Counselvise Citation: [2010] 122 COUNSELVISE.COM (IT) 4961 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 1 year(s) 6 month(s) 18 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 28-06-2010
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 22-04-2010
• Assessment Year: 2000-2001
• Appeal Filed On: 10-12-2008
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: G S S GOPINATH
• Assessee Lawyers: C V K PRASAD

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL VISAKHAPATNAM BENCH, VISAKHAPATNAM BEFORE: SHRI SUNIL KUMAR YADAV, JUDICIAL MEMBER AND SHRI BR BASKARAN, ACCOUNTANT MEMBER CO NO.42/VIZAG/2008 ASSESSMENT YEAR : 2000-01 M/S. SESHASAYEE KNITTINGS PVT. LTD VIJAYAWADA ACIT, CIRCLE-1(1) VIJAYAWADA (APPELLANT) VS. (RESPONDENT) PAN NO.AADCS 1717J APPELLANT BY: SHRI C.V.K. PRASAD & SHRI C. SUBRAHMANYAM RESPONDENT BY: SHRI G.S.S. GOPINATH, DR ORDER PER SHRI S.K. YADAV, JUDICIAL MEMBER:- THE C.O. IS PREFERRED BY THE ASSESSEE AGAINST THE ORDER OF THE CIT(A). DURING THE COURSE OF HEARING, IT IS NOTICED THAT AS SESSEE HAS ALSO FILED AN APPEAL AGAINST THE ORDER OF THE CIT(A) ON IDENTICAL GROUNDS. SINCE THE C.O. IS SIMPLY REPETITION OF THE GROUNDS RAISED IN THE REGU LAR APPEAL, THE ASSESSEE INTENDS TO WITHDRAW THE SAME TO WHICH THE REVENUE H AS NO OBJECTION. WE THEREFORE, ALLOW THE ASSESSEE TO WITHDRAW THE C.O. ACCORDINGLY, THE C.O. IS DISMISSED AND WITHDRAWN. 2. IN THE RESULT, THE C.O. OF THE ASSESSEE IS DISMIS SED. PRONOUNCED IN THE OPEN COURT ON 28.6.2010 SD/- SD/- (BR BASKARAN) (SUNIL KUMAR YADAV) ACCOUNTANT MEMBER JUDICIAL MEMBER VG/SPS VISAKHAPATNAM, DATED 28 TH JUNE, 2010 2 COPY TO 1 M/S. SESHASAYEE KNITTINGS PVT. LTD., 40-14-1, SUR YALAKSHMI TOWERS, 1 ST CROSS ROAD, CHANDRAMOULI PURAM, VIJAYAWADA 2 ACIT, CIRCLE-1(1), VIJAYAWADA 3 THE CIT, VIJAYAWADA 4 THE CIT(A), VIJAYAWADA 5 THE DR, ITAT, VISAKHAPATNAM. 6 GUARD FILE. BY ORDER SENIOR PRIVATE SECRETARY INCOME TAX APPELLATE TRIBUNAL VISAKHAPATNAM