New Loyola Educational Society, R.R.Dist., Hyderabad V. Dy.Director of Income-Tax (Exemption)-II, Hyderabad, Hyderabad

ITA 130/HYD/2015

• Counselvise Citation: [2016] 131 COUNSELVISE.COM (IT) 5888 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 10 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-12-2016
• Appeal Filed By: Assessee
• Bench Allotted: B
• Next Hearing Date: 08-06-2016
• Assessment Year: 2005-2006
• Appeal Filed On: 05-02-2015
• Court: TRIBUNAL
• Department Lawyers: K J RAO
• Section: 147; 154

Judgement Text

THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH B, HYDERABAD BEFORE SMT P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI B. RAMAKOTAIAH, ACCOUNTANT MEMBER ITA NO. 130/HYD/2015 ASSESSMENT YEAR: 2005-06 M/S NEW LOYOLA MODEL EDUCATION SOCIETY, R.R.DIST PAN AAATN1873C VS. DDIT (EXEMPTIONS)-II, HYDERABAD (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI K.C. DEVDAS REVENUE BY : SHRI K.J. RAO DATE OF HEARING : 20-12-2016 DATE OF PRONOUNCEMENT : 30-12-2016 ORDER PER P. MADHAVI DEVI, J.M.: THIS IS THE ASSESSEES APPEAL FOR THE A.Y. 2005-06 , AGAINST THE ORDER OF THE CIT(A)-IV, HYDERABAD, DATE D 22-08- 2014. IN THIS APPEAL, THE ASSESSEE IS AGGRIEVED BY THE ORDER OF THE CIT(A) IN UPHOLDING THE VALIDITY OF TH E PROCEEDINGS U/S 147 OF THE ACT, AND THE CONSEQUENTI AL ADDITIONS. 2. HOWEVER, AT THE TIME OF HEARING, THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT IN THE RECTIFICATION OR DER U/S 154 OF THE ACT, GIVING EFFECT TO THE ORDER OF THE C IT(A)-IV, THE ASSESSEE HAS BEEN GRANTED RELIEF AND, THEREFORE , THE ASSESSEE HAS NO GRIEVANCE TO BE ADJUDICATED IN THIS APPEAL. IN VIEW OF THE SAME, THE ASSESSEES APPEAL IS DISMI SSED AS INFRUCTUOUS. 2 ITA NO. 130/HYD/2015 M/S. NEW LOYOLA MODEL EDUCATIONAL SOCIETY, RR DIST . 3. IN THE RESULT, THE ASSESSEES APPEAL IS DISMISSE D. PRONOUNCED IN THE OPEN COURT ON 30 TH DECEMBER, 2016. SD/- SD/- (B.RAMAKOTAIAH) (P. MADHAVI DEVI) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DATED: 30 TH DECEMBER, 2016 KRK 1) M/S NEW LOYOLA MODEL EDUCATION SOCIETY, C/O B. NARSING RAO & CO, PLOT NO. 554, ROAD NO. 92 JUBILEE HILS, HYD 96. 2) DDIT-(E)-II, HYDERABAD. 3) CIT -IV, HYDERABAD 4) ADIT(EXEMPTIONS) HYDERABAD 5) THE DEPARTMENTAL REPRESENTATIVE, I.T.A.T., H YDERABAD. 6) GUARD FILE