M/s Veeyes Investments Private Limited, Hyderabad V. DCIT, Hyderabad

ITA 112/HYD/2010

• Counselvise Citation: [2019] 115 COUNSELVISE.COM (IT) 7047 (ITAT-HYDERABAD)
• Duration Of Justice: 9 year(s) 8 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-10-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 16-10-2019
• Assessment Year: 2005-2006
• Appeal Filed On: 27-01-2010
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R S ARVINDAKSHAN
• Section: 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH A ', HYDERABAD BEFORE SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER AND SHRI V. DURGA RAO, JUDICIAL MEMBER I TA NO . 112 / HYD/201 0 A SSESSMENT Y EAR : 20 05 - 06 M/S VEEYES INVESTMENTS PVT. LTD., HYDERABAD. PAN A ABCV6591K VS. DY. COMMISSIONER OF INCOME - TAX, CENTRAL CIRCLE 1, HYDERABAD. APPELLANT RESPONDENT ASSESSEE BY: S HRI K.C. DEVDAS REVENUE BY: S HRI R.S. ARVINDAKSHAN DATE OF HEARING: 1 6 / 1 0 / 201 9 DATE OF PRONOUNCEMENT: 25 / 1 0 /201 9 O R D E R PER V. DURGA RAO, J.M.: THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF CIT(A) I , HYDERABAD, DATED 06 / 1 1/20 09 FOR AY 20 05 - 06. 2. WHEN THIS APPEAL IS TAKEN UP FOR HEARING, THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT THE ISSUE RAISED IN THIS APPEAL IS SQUA RELY COVERED AGAINST THE ASSESSEE BY THE DECISION OF THE COORDINATE BENCH OF THIS TRIBUNAL IN ASSESSEES OWN CASE FOR AY 2002 - 03 IN ITA NO. 588/HYD/2006, ORDER DATED 03/08/2018, A COPY OF WHICH IS ON RECORD. 3. THE LD. DR ON THE OTHER HAND, CONCEDED WIT H THE SUBMISSION OF THE LD. COUNSEL FOR THE ASSESSEE. I.T.A. NO. 112 /HYD/ 2010 M/S VEEYES INVESTMENTS PVT. LTD., HYD. 2 4. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL ON RECORD. WE ARE OF THE VIEW THAT WHEN THE LD. COUNSEL FOR THE ASSESSEE HIMSELF HAS SUBMITTED THAT HE DOES NOT HAVE ANY CASE ON TH IS APPEAL, NO SEPARATE ADJUDICATION IS REQUIRED ON THE SAME. THEREFORE, WE DISMISS THE APPEAL OF THE ASSESSEE. 5. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED. PRONOUNCED IN THE OPEN COURT ON 25 TH OCTOBER , 201 9. SD/ - (A. MOHAN ALANKAMONY ) ACCOUNTANT MEMBER SD/ - ( V. DURGA RAO ) JUDICIAL MEMBER HYDERABAD, DATED 25 TH OCTOBER , 201 9. KV COPY FORWARDED TO: 1. M/S VEEYES INVESTMENTS PVT. LTD., FORTUNE MONARCH MALL, 3 RD FLOOR, # 306, PLOT NO. 707 - 709, ROAD NO. 36, JUBILEE HILLS, HYDERABAD. 2 . DC IT , CENTRAL CIRCLE 1, HYDERABAD . 3 . CIT (A) - 1 , HYDERABAD. 4. CIT (CENTRAL) , HYDERABAD 5. THE DR, ITAT, HYDERABAD 6. GUARD FILE