Janapriya Engineers Syndicate (JV), Hyd, Hyderabad V. DCIT, Central Circle-2, Hyd, Hyderabad

ITA 1438/HYD/2015

• Counselvise Citation: [2016] 132 COUNSELVISE.COM (IT) 6483 (ITAT-HYDERABAD)
• Duration Of Justice: 5 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-06-2016
• Appeal Filed By: Assessee
• Bench Allotted: A
• Next Hearing Date: 13-06-2016
• Assessment Year: 2010-2011
• Appeal Filed On: 28-12-2015
• Court: TRIBUNAL
• Department Lawyers: PALLAVI AGARWAL
• Section: 80IB

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A, HYDERABAD BEFORE SHRI J.SUDHAKARA REDDY, ACCOUNTANT MEMBER AND SMT. P. MADHAVI DEVI, JUDICIAL MEMBER I.T.A. NO. 1438/HYD/2015 ASSESSMENT YEAR: 2010-11 M/S. JANA PRIYA ENGINEERS SYNDICATE-(J.V), HYDERABAD [PAN: AAEFJ4368G] VS THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, HYDERABAD (APPELLANT) (RESPONDENT) FOR ASSESSEE : SHRI A. SRINIVAS, AR FOR REVENUE : SMT. PALLAVI AGARWAL, DR DATE OF HEARING : 13-06-2016 DATE OF PRONOUNCEMENT : 15-06-2016 O R D E R PER J. SUDHAKARA REDDY, A.M. : THIS IS AN APPEAL FILED BY THE ASSESSEE DIRECTED AGA INST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)-4, HYDERABAD, DATED 29-10-2015 FOR THE AY. 2010-11 ON THE FOLLOWING GROUNDS: 1. THE ORDER OF THE A.O IS CONTRARY TO THE LAW FAC TS AND CIRCUMSTANCE OF THE CASE. 2. THE A.O OUGHT NOT TO HAVE DISALLOWED THE CLAIM F OR DEDUCTION U/S. 80IB AMOUNTING TO RS. 8,32,13,671/-. 3. THE APPELLATE COMMISSIONER OUGHT NOT TO HAVE DIS MISSED THE CLAIM OF THE DEDUCTION U/S. 80IB AMOUNTING TO RS. 8 ,32,13,671/-. I.T.A. NO. 1438/HYD/2015 M/S. JANA PRIYA ENGINEERS SYNDICATE-(J.V) :- 2 -: 4. ANY OTHER GROUNDS WHICH THE ASSESSEE MAY URGE EI THER BEFORE OR AT THE TIME OF HEARING. 2. THE LD. DR BROUGHT TO THE NOTICE OF THE BENCH THAT THE B BENCH OF THE ITAT, HYDERABAD IN ITA NO. 166/HYD/2016 ORDER DT. 10-05-2016 HAD DECIDED THE ISSUE AGAINST THE ASSESSEE FOLLOWING THE DECISION OF THE CO-ORDINATE BENCH ON THE SAME ISSUE IN THE EARLIER ASSESSMENT YEARS. 3. THE LD. COUNSEL FOR THE ASSESSEE SHRI A. SRINIVAS , FAIRLY SUBMITTED THAT THE ISSUE IS COVERED AGAINST HIM. THEREFO RE, WE UPHOLD THE ORDER OF THE CIT(A) AND DISMISS THE APPEAL. 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 15 TH JUNE, 2016 SD/- SD/- (P. MADHAVI DEVI) (J. SUDHAKARA REDDY) JUDICIAL MEMBER ACCOUNTANT MEMBE R HYDERABAD, DATED 15 TH JUNE, 2016 TNMM I.T.A. NO. 1438/HYD/2015 M/S. JANA PRIYA ENGINEERS SYNDICATE-(J.V) :- 3 -: COPY TO : 1. M/S. JANA PRIYA ENGINEERS SYNDICATE-(J.V), 8-2- 120/86, PLOT NO. 11 AND 12, KEERTHI AND PRIDE TOWERS , ROAD NO. 2, BANJARA HILLS, HYDERABAD. 2. THE DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCL E-2, HYDERABAD. 3. COMMISSIONER OF INCOME TAX(APPEALS)-4, HYDERABAD . 4. THE PR. COMMISSIONER OF INCOME TAX-6, HYDERABAD. 5. D.R. ITAT, HYDERABAD. 6. GUARD FILE.