Dharmavaram Co-operative Town Bank Limited, Ananthapur V. Asst. Commissioner of Income Tax, Circle-1, Ananthapur

ITA 1240/Hyd/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5955 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 7 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Assessment Year: 2013-2014
• Appeal Filed On: 11-06-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: V V S T SAI
• Assessee Lawyers: K A SAI PRASAD
• Keywords: Revision of order
• Section: 143(3); 263

Judgement Text

ITA NO 1240 OF 2018 DHARMAVARAM COOP TOW N BANK LTD ANANTAPUR PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD (THROUGH VIDEO CONFERENCING) BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER ITA NO.1240/HYD/2018 ASSESSMENT YEAR: 2013-14 DHARMAVARAM COOPERATIVE TOWN BANK LTD, ANANTAPUR PAN:AAABT2487J VS. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE 1 ANANTAPUR (APPELLANT) (RESPONDENT) ASSESSEE BY: SRI K.A. SAI PRASAD REVENUE BY : SRI V.V.S.T. SAI, CIT(DR) DATE OF HEARING: 03/02/2021 DATE OF PRONOUNCEMENT: 03/02/2021 ORDER PER SMT. P. MADHAVI DEVI, J.M. THIS IS ASSESSEES APPEAL FOR THE A.Y 2013-14 AGAIN ST THE ORDER OF THE CIT (A)-KURNOOL, DATED 20.03.2018 U/S 263 OF THE I.T. ACT. 2. WHEN THE MATTER CAME UP FOR HEARING, THE LEARNED COUNSEL FOR THE ASSESSEE FILED AN APPLICATION STATI NG THAT IN THE APPEAL AGAINST THE CONSEQUENTIAL ORDER PASSED BY TH E AO U/S 143(3) R.W.S. 263 OF THE I.T. ACT, THE FIRST APPELL ATE AUTHORITY ALLOWED THE ASSESSEES APPEAL AND THEREFORE, SOUGHT PERMISSION TO WITHDRAW THIS APPEAL BEFORE US. 3. TAKING THE ABOVE CONTENTIONS OF THE ASSESSEE INT O CONSIDERATION, THE APPEAL OF THE ASSESSEE IS DISMIS SED AS ITA NO 1240 OF 2018 DHARMAVARAM COOP TOW N BANK LTD ANANTAPUR PAGE 2 OF 2 WITHDRAWN AS THE ASSESSEE HAS GOT THE RELIEF IN THE ORDER PASSED BY THE FIRST APPELLATE AUTHORITY I.E. THE CIT (A) I N THE APPEAL FILED AGAINST THE CONSEQUENTIAL ORDER U/S 143(3) R.W.S. 2 63 OF THE I.T. ACT AND THE ASSESSEE HAS NO FURTHER GRIEVANCE IN TH E MATTER. 4. IN THE RESULT, ASSESSEES APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 3RD FEBRUARY, 2021. SD/- SD/- (A. MOHAN ALANKAMONY) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 3 RD FEBRUARY, 2021. VINODAN/SPS COPY TO: 1 THE DHARMAVARAM COOP. TOWN BANK LTD, C/O CH. PART HASARATHY & CO. 1-1-298/2/B/3, 1 ST FLOOR, SOWBHAGYA AVENUE, ST. NO.1, ASHOKNAGAR, HYDERABAD 500020 2 ACIT CIRCLE -1, 3 RD ROAD, OPP: SAI BABA TEMPLE, ANANTAPUR 3 CIT (A)-KURNOOL 4 PR. CIT - KURNOOL 5 THE DR, ITAT HYDERABAD 6 GUARD FILE BY ORDER