J K Steel Corporation, Secunderabad V. Dy. Commissioner of Income Tax , Circle-10(1), Hyderabad

ITA 2347/Hyd/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 5873 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 4 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Next Hearing Date: 04-02-2021
• Assessment Year: 2012-2013
• Appeal Filed On: 20-12-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: A V RAGHURAM

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A : HYDERABAD BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER I.T.A. NO. 2347/HYD/2018 ASSESSMENT YEAR: 2012-13 M/S.J.K.STEEL CORPORATION, SECUNDERABAD [PAN: AACFJ0252F] VS ACIT, CIRCLE-10(1), HYDERABAD (APPELLANT) (RESPONDENT) FOR ASSESSEE : SHRI A.V.RAGHURAM, AR FOR REVENUE : SHRI SUNIL KUMAR PANDEY, DR DATE OF HEARING : 24-02-2021 DATE OF PRONOUNCEMENT : 27-04-2021 O R D E R PER S.S.GODARA, J.M. : THIS ASSESSEES APPEAL FOR AY.2012-13 ARISES FROM TH E CIT(A)-6, HYDERABADS ORDER DATED 12-11-2018 PASSED IN CASE NO.10018/2018-19/A3/CIT(A)-6, IN PROCEEDINGS U/S.15 4 OF THE INCOME TAX ACT, 1961 [IN SHORT, THE ACT]. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. AT THE OUTSET, LEARNED COUNSEL SUBMITS NOT TO PRESS F OR THE ASSESSEES SOLE SUBSTANTIVE GRIEVANCE IN PROCEEDIN GS U/S.154 OF THE ACT SUBJECT TO THE CONDITION THAT THE CIT(A )S LOWER APPELLATE FINDINGS UNDER CHALLENGE DONT DEBAR IT FROM TAKING RECOURSE TO APPROPRIATE REMEDIAL ACTION AS PER LAW. ITA NO. 2347/HYD/2018 :- 2 -: THE REVENUE IS EQUALLY FAIR IN NOT OPPOSING THE FORE GOING PLEA. 3. THIS ASSESSEES APPEAL IS DISMISSED AS WITHDRAWN IN FOREGOING TERMS. ORDER PRONOUNCED IN THE OPEN COURT ON 27 TH APRIL, 2021 SD/- SD/- (LAXMI PRASAD SAHU) (S.S.G ODARA) ACCOUNTANT MEMBER JUDICIAL MEM BER HYDERABAD, DATED: 27-04-2021 TNMM ITA NO. 2347/HYD/2018 :- 3 -: COPY TO : 1.M/S.J.K.STEEL CORPORATION, C/O.FLAT NO.610, BABUK HAN ESTATE, BASHEERBAGH, HYDERABAD. 2.THE ACIT, CIRCLE-10(1), HYDERABAD. 3.THE CIT(A)-6, HYDERABAD. 4.THE PR.CIT(A)-6, HYDERABAD. 5.D.R. ITAT, HYDERABAD. 6.GUARD FILE.