Shrushti Contech Private Limited , Proddatur V. ACIT, Central Circle, Tirupati

ITA 266/Hyd/2023

• Counselvise Citation: [2023] 100 COUNSELVISE.COM (IT) 6345 (ITAT-HYDERABAD)
• Duration Of Justice: 5 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-10-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Next Hearing Date: 18-10-2023
• Assessment Year: 2014-2015
• Appeal Filed On: 16-05-2023
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

आयकर अपीलीय अधिकरण, हैदराबाद पीठ में IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “A”, HYDERABAD BEFORE SHRI RAMA KANTA PANDA, VICE PRESIDENT & SHRI K.NARASIMHA CHARY, JUDICIAL MEMBER आ.अपी.सं / ITA No. 266/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2014-15) Shrushti Contech Private Limited, Proddatur [PAN No. AATCS2260A] Vs. Asst. Commissioner of Income Tax, Central Circle, Tirupati अपीलधर्थी / Appellant प्रत्‍यर्थी / Respondent निर्धाररती‍द्वधरध/Assessee by: Shri S. Rama Rao, AR रधजस्‍व‍द्वधरध/Revenue by: Shri Shakeer Ahamed, DR स ु िवधई‍की‍तधरीख/Date of hearing: 19/10/2023 घोर्णध की‍तधरीख/Pronouncement on: 19/10/2023 आदेश / ORDER PER K. NARASIMHA CHARY, J.M: Aggrieved by the order dated 21/03/2023, passed by the learned Commissioner of Income Tax (Appeals)-12, Hyderabad (“Ld. PCIT”) in the case of M/s. Shrusti Contech Private Limited (“the assessee”) for the assessment year 2014-15, assessee filed this appeal. ITA No. 266/Hyd/2023 Page 2 of 3 2. Today when this matter is called, learned AR submitted that though the addition of Rs. 45 lakhs is made in this year, while dealing with the appeal for the assessment year 2015-16, learned CIT(A) granted telescoping benefit to the assessee, covering the addition made in this year i.e., assessment year 2014-15. Assessee, therefore, in view of this fact, does not want to continue this appeal and prayed the leave of the Bench to withdraw this appeal. Learned DR submits no objection. Recording the same, this appeal is permitted to be withdrawn. 3. In the result, the appeal of assessee is dismissed as withdrawn. Order pronounced in the open court on this the 19 th day of October, 2023. Sd/- Sd/- (RAMA KANTA PANDA) (K. NARASIMHA CHARY) VICE PRESIDENT JUDICIAL MEMBER Hyderabad, Dated: 19/10/2023 TNMM ITA No. 266/Hyd/2023 Page 3 of 3 Copy forwarded to: 1. Shrushti Contech Private Limited, HIF 49, APHB Colony, Korrapadu Road, Proddatur. 2. Asst. Commissioner of Income Tax, Central Circle, Tirupati. 3. Pr.CIT(Central), Visakhapatnam. 4. DR, ITAT, Hyderabad. 5. GUARD FILE TRUE COPY ASSISTANT REGISTRAR ITAT, HYDERABAD