Virchow Biotech Private Limited, , Hyderabad V. Income Tax Officer, Ward17(4), Hyderabad

ITA 1581/Hyd/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 3770 (ITAT-HYDERABAD)
• Duration Of Justice: 3 year(s) 8 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-05-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Next Hearing Date: 26-04-2021
• Assessment Year: 2013-2014
• Appeal Filed On: 12-09-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: S RAMA RAO
• Keywords: Deduction Disallowance
• Section: 143(3); 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD A BENCH, HYDERABAD. BEFORE SHRI S.S. GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER (THROUGH VIRTUAL HEARING) ITA NO. 1 581 /HYD/20 1 7 (ASSESSMENT YEAR : 2013 - 14 ) M/S. VIRCHOW BIOTECH PRIVATE LIMITED, HYDERABAD. PAN AABCV 2578A ..APPELLANT. VS. I NCOME TAX OFFICER , WARD 17(4), HYDERABAD. ..RESPONDENT. APPELLANT BY : SHRI S.RAMA RAO, ADVOCATE. RESPONDENT BY : SHRI SUNIL KUMAR PANDEY (D.R.) DATE OF HEARING : 26.04. 2021. DATE OF PRONOUNCEMENT : 28 .05. 2021. O R D E R PER SHRI S.S. GODARA, J.M. : THIS ASSESSEES APPEAL FOR ASST. YEAR 201 3 - 14 ARISES FROM THE COMMISSIONER OF INCOME TAX (APPEALS) - 5 , HYDERABAD S ORDER DT. 30.06.2017 PASSED IN CASE NO. 0076/ 2016 - 17/CIT(A) - 5/10300/2016 - 17 I N PROCEEDINGS UNDER SECTION 143(3) OF INCOME TAX ACT, 1961 (THE ACT). 2 ITA NO. 1581/HYD/2017 HEARD BOTH THE PARTIES . C ASE FILE PERUSED. 2. THE ASSESSEE'S SOLE SUBSTANTIVE GRIEVANCE RAISED IN THE INSTANT APPEAL SEEKS TO DELETE SECTION 35(2AB) WEIGHTED DEDUCTION DISALLOWANCE OF RS.5.62,72,811 MADE IN THE COURSE OF ASSESSMENT FRAMED ON 21.3.2016 A ND UPHELD IN THE CIT(A ) S LOWER APPELLATE ORDER AS UNDER : 3 ITA NO. 1581/HYD/2017 4 ITA NO. 1581/HYD/2017 5 ITA NO. 1581/HYD/2017 3. WE HAVE HEARD RIVAL SUBMISSIONS AGAINST AND IN SUPPORT OF THE IMPUGNED SECTION 35(2AB) WEIGHTED DEDUCTION DISALLOWANCE. WE FIND NO MERIT IN THE ASSESSEE'S ARGUMENT SINCE IT HAS FAILED TO FILE ANY APPROVAL OF AN IN - HOUSE R&D FACILIT Y GRANTED BY T HE DSIR IN FORM 3CL. WE THEREFORE SEE NO REASON TO INTERFERE WITH THE 6 ITA NO. 1581/HYD/2017 CIT(A)S CONCLUSION AFFIRMING THE IMPUGNED DISALLOWANCE. THE SAME STANDS UPHELD. 4. THIS ASSESSEE'S APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 28TH MAY, 2021. SD/ - SD/ - (LAXMI PRASAD SAHU) (S.S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DT. 28 .05 .2021. * REDDY GP COPY TO : 1. M/S. VIRCHOW BIOTECH PVT. LTD., PLOT NO.4, SV CO - OPERATIVE INDL. ESTATES, IDA, JEEDIMETLA, HYDERABAD - 500 055. 2. ITO, WARD 17(4), HYDERABAD. 3. PR. C I T - 5 , HYDERABAD. 4. CIT(APPEALS) - 5, HYDERABAD. 5. DR, ITAT, HYDERABAD. 6. GUARD FILE. BY ORDER SR. PVT. SECRETARY, ITAT, HYDERABAD.