Medlace Disposables, Cochin V. The DCIT, Cochin

ITA 250/COCH/2014

• Counselvise Citation: [2014] 140 COUNSELVISE.COM (IT) 81321 (ITAT-COCHIN)
• Duration Of Justice: 2 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-08-2014
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 13-08-2014
• Assessment Year: 2007-2008
• Appeal Filed On: 30-05-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: LATHA V KUMAR
• Assessee Lawyers: R KRISHNAN
• Keywords: Revision of order
• Section: 263

Judgement Text

1 ITA NO. 249 & 250/COCH/2014 IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE SHRI N.R.S. GANESAN (JM) AND SHRI CHANDRA PO OJARI (AM) I.T.A NO. 249 & 250/COCH/2014 (ASSESSMENT YEARS 2006-07 & 2007-08) M/S MEDLACE DISPOSABLES VS THE DY.CIT, CENT.CIR.2 SHENOY ROD, KALOOR KOCHI KOCHI 682 017 PAN : AAEFM3789N (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI R KRISHNAN RESPONDENT BY : SMT. LATHA V KUMAR, JR DR DATE OF HEARING : 13-08-2014 DATE OF PRONOUNCEMENT : 13-08-2014 O R D E R PER N.R.S. GANESAN (JM) BOTH THE APPEALS OF THE ASSESSEE ARE DIRECTED AGAI NST THE RESPECTIVE ORDERS OF THE ADMINISTRATIVE COMMISSIONER IN EXERCI SE OF HIS JURISDICTION U/S 263 OF THE ACT. 2. WHEN THE APPEALS WERE TAKEN UP FOR HEARING, THE LD.REPRESENTATIVE FOR THE ASSESSEE, SHRI R KRISHNAN SUBMITTED THAT WH ILE GIVING EFFECT TO THE IMPUGNED ORDERS OF THE ADMINISTRATIVE COMMISSIONER, THE ASSESSING OFFICER ACCEPTED THE CLAIM OF THE ASSESSEE, THEREFORE, NOTH ING SURVIVES IN THE 2 ITA NO. 249 & 250/COCH/2014 APPEALS. ACCORDING THE LD.REPRESENTATIVE SUBMITTED THAT THE ASSESSEE MAY BE PERMITTED TO WITHDRAW THE APPEALS. THE LD.REPRE SENTATIVE HAS ALSO MADE AN ENDORSEMENT TO THAT EFFECT IN THE FILE. WE HEARD SMT. LATHA V KUMAR, THE LD.DR ALSO. 3. IT IS NOT IN DISPUTE THAT THE ASSESSING OFFICER, CONSEQUENT TO THE ORDER PASSED BY THE ADMINISTRATIVE COMMISSIONER U/S 263, ALLOWED THE CLAIM OF THE ASSESSEE AND NO ADDITION IS MADE. IN VIEW OF T HE ABOVE, THE APPEALS OF THE ASSESSEE BECOME INFRUCTUOUS. ACCORDINGLY, B OTH THE APPEALS OF THE ASSESSEE ARE DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 13 TH AUGUST, 2014. SD/- SD/- (CHANDRA POOJARI) (N.R.S. GANESAN) ACCOUNTANT MEMBER JUDICIAL MEMBER COCHIN, DT : 13 TH AUGUST, 2014 PK/- COPY TO: 1. MEDLLACE DISPOSABLES, SHENOY ROAD, KALOOR, KOCHI 682 017 2. THE DY.CIT, CENT.CIR.2, ERNAKULAM 3. THE COMMISSIONER OF INCOME-TAX (CENTRAL), 5 TH FLOOR, KANDAMKULATHY TOWERS, M.G. ROAD, KOCHI 682 011 4. THE DR (TRUE COPY) BY ORDER ASSTT. REGISTRAR, INCOME-TAX APPELLATE TRIBUNAL, COCHIN BENCH