HEMAN FAN COMPONENTS P LTD, Hyderabad V. ACIT, Central Circle -5, Hyderabad

ITA 1568/HYD/2012

• Counselvise Citation: [2013] 140 COUNSELVISE.COM (IT) 69901 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-11-2013
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 1999-2000
• Appeal Filed On: 12-10-2012
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: P MURALI MOHAN RAO

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH B', HYDERABAD BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SHRI SAKTIJIT DEY, JUDICIAL MEMBER ITA NO. 1568/HYD/2012 - A.Y. 1999-2000 ITA NO. 1569/HYD/2012 - A.Y. 2000-2001 ITA NO. 1570/HYD/2012 - A.Y. 2002-2003 ITA NO. 1571/HYD/2012 - A.Y. 2003-2004 M/S. HEMAN FAN COMPONENTS PVT. LTD., HYDERABAD PAN: AAACH5059H VS. THE ASST. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-5 HYDERABAD APPELLANT RESPONDENT APPELLANT BY: SRI P. MURALI MOHAN RAO RESPONDENT BY: SRI JEEVAN LAL LAVIDIYA DATE OF HEARING: 05 . 11 .2013 DATE OF PRONOUNCEMENT: 05 . 11 .2013 O R D E R PER CHANDRA POOJARI, AM: THE ABOVE FOUR APPEALS ARE BY THE ASSESSEE CHALLEN GING LEVY OF PENALTY U/S. 271(1)(C) OF INCOME-TAX ACT, 1961. 2. AT THE TIME OF HEARING THE LEARNED AR SUBMITTED THAT THE ASSESSEE IS NOT INTERESTED IN CONTESTING THE ISSUE IN DISPUTE. ACCORDINGLY, HE SOUGHT PERMISSION OF THE BENCH TO WI THDRAW THE APPEALS AND ALSO FILED A LETTER FROM THE ASSESSEE S EEKING PERMISSION OF THE BENCH TO WITHDRAW THE SAME. 3. THE LEARNED DR DID NOT OPPOSE THE PLEA OF THE ASSES SEE. 4. AFTER HEARING BOTH THE PARTIES, WE AGREE TO THE PLEA OF THE ASSESSEE'S COUNSEL ON THE BASIS OF THE LETTER EVEN DATED FILED BY THE ASSESSEE. ACCORDINGLY, THESE APPEALS ARE DISMISSED AS WITHDRAWN. ITA NO. 1568/HYD/2012 &ORS. M/S. HEMAN FAN COMPONENTS PVT. LTD. ============================== 2 5. IN THE RESULT, ASSESSEE APPEALS IN ITA NOS. 1568 TO 1571/HYD/2012 ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 5 TH NOVEMBER, 2013 SD/ - (SAKTIJIT DEY) JUDICIAL MEMBER SD/ - (CHANDRA POOJARI) ACCOUNTANT MEMBER HYDERABAD, DATED THE 5 TH NOVEMBER, 2013 TPRAO COPY FORWARDED TO: 1. M/S. HEMAN FAN COMPONENTS PVT. LTD., C/O. P. MURALI & CO., CHARTERED ACCOUNTANTS, 6-3-655/2/3, 1 ST FLOOR, SOMAJIGUDA, HYDERABAD-82. 2. THE ASST. COMMISSIONER OF INCOME - TAX, CENTRAL CIRCLE - 5 , HYDERABAD. 3. THE CIT(A) - III , HYDERABAD . 4. THE CIT - II, HYDERABAD. 5. THE DR ' B ' BENCH, ITAT, HYDERABAD . .