Eyegear Optics India Private Limited , Hyderabad V. Asst. Commissioner of Income Tax, Circle-17(1), Hyderabad

ITA 1318/Hyd/2019

AI Insights

The case involves an appeal by M/s. Eyegear Optics India (P) Ltd. against an order passed under section 263 of the Income Tax Act by the Pr.CIT-5, Hyderabad, concerning the assessment year 2014-15. During the hearing, the assessee's counsel submitted an application to withdraw the appeal. The Departmental Representative did not object to this withdrawal. As a result, the tribunal dismissed the appeal as withdrawn without further proceedings.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 302939 (ITAT-HYDERABAD)
• Duration Of Justice: 3 year(s) 11 month(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-07-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 24-07-2023
• Assessment Year: 2014-2015
• Appeal Filed On: 22-08-2019
• Laws Referred To: Income Tax Act
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 263

Judgement Text

ITA 1318 of 2019 Eyegear Optics India Page 1 of 2 आयकर अपीलȣय अͬधकरण, हैदराबाद पीठ IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘B‘ Bench, Hyderabad Before Shri R.K. Panda, Vice-President AND Shri Laliet Kumar, Judicial Member ITA No.1318/Hyd/2019 Assessment Year: 2014-15 M/s. Eyegear Optics India (P) Ltd., Hyderabad PAN:AACCE0350Q Vs. Asstt. C. I. T. Circle 17(1) Hyderabad (Appellant) (Respondent) Assessee by : Shri Suvibha Nolkha, CA Revenue by: Shri Jeevan Lal Lavidiya, CIT (DR) Date of hearing: 25/07/2023 Date of pronouncement: 25/07/2023 ORDER Per R.K. Panda, Vice-President This appeal filed by the assessee is directed against the order dated 31.01.2019 passed u/s 263 by the learned Pr.CIT-5, Hyderabad relating to A.Y.2014-15. 2. The learned Counsel for the assessee at the time of hearing filed an application seeking withdrawal of the appeal for which the learned DR has no objection. Accordingly, the request of the assessee seeking withdrawal of the appeal is allowed and the appeal filed by the assessee is dismissed as withdrawn. 3. In the result, appeal filed by the assessee is dismissed. ITA 1318 of 2019 Eyegear Optics India Page 2 of 2 Order pronounced in the Open Court at the time of hearing itself i.e on 25 th July, 2023. Sd/- Sd/- (LALIET KUMAR) JUDICIAL MEMBER (R.K. PANDA) VICE-PRESIDENT Hyderabad, dated 25 th July, 2023. Vinodan/sps Copy to: S.No Addresses 1 M/s. Eyegear Optics India (P) Ltd, 8-2-277/A & A9, Plot No.9, Road No.2, Soudagar’s Silver Breeze, Banjara Hills, Hyderabad 500034 2 ACIT, Circle 17(1) 9 th Floor, Signature Towers, Opp: Botanical Gardens, Kondapur, Hyderabad 500085 3 DR, ITAT Hyderabad Benches 4 Guard File By Order