M/s. Hastha Agro-Tech Pvt.Ltd, Secunderabad V. ACIT, Central Circle-1, Hyderabad

ITA 304/HYD/2011

• Counselvise Citation: [2011] 140 COUNSELVISE.COM (IT) 53578 (ITAT-HYDERABAD)
• Duration Of Justice: 6 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-09-2011
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2007-2008
• Appeal Filed On: 28-02-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: B V PRASAD REDDY

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD BEFORE SHRI G.C. GUPTA, VICE PRESIDENT AND SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER ITA NO. 6/HYD/2011 (ASSESSMENT YEAR 2007-08) M/S. VAMSADHARA AGRO PVT. LTD., HYDERABAD PAN: AABCV6781D VS WEALTH TAX OFFICER (OSD)-3, CENTRAL RANGE-1 HYDERABAD APPELLANT RESPONDENT APPELLANT BY: SHRI K.C. DEVDAS RESPONDENT BY: SHRI B.V. PRASAD REDDY ITA NO. 304/HYD/2011 (ASSESSMENT YEAR 2007-08) M/S. HASTHA AGRO-TECH PVT. LTD., HYDERABAD PAN: AABCH2674M VS ASST. CIT CENTRAL CIRCLE-1 HYDERABAD APPELLANT RESPONDENT APPELLANT BY: SHRI K.C. DEVDAS RESPONDENT BY: SHRI Y.V.S.T. SAI ITA NO. 276/HYD/2011 (ASSESSMENT YEAR 2007-08) M/S. SRAVANA BIOTECH PVT. LTD., HYDERABAD. PAN: AAHCS1680E VS INCOME-TAX OFFICER (OSD)-3, CENTRAL RANGE-1 HYDERABAD APPELLANT RESPONDENT APPELLANT BY: SHRI K.C. DEVDAS RESPONDENT BY: SHRI T. VENKAT REDDY DATE OF HEARING: 30.08.2011 DATE OF PRONOUNCEMENT: 09.09.2011 ORDER PER CHANDRA POOJARI, A.M. THE ABOVE THREE APPEALS BY DIFFERENT ASSESSEE S ARE DIRECTED AGAINST THE ORDERS OF THE CWT(A)-VII AND CIT(A)-VII , HYDERABAD I.T.A. NOS. 6, 304 & 276/HYD/2011 M/S. VAMSADHARA AGRO PVT. LTD. & ORS. ============================ 2 DATED 11.1.2011, 29.11.2010 AND 13.1.2001, RESPECTI VELY. ALL THE THREE APPEALS WERE HEARD TOGETHER AND ARE BEING DIS POSED OF BY THIS COMMON ORDER. 2. AT THE TIME OF HEARING THE LEARNED COUNSEL FOR T HE ASSESSEE SUBMITTED THAT THE ASSESSEES WERE NOT IN A POSITION TO PRODUCE THE REQUIRED DOCUMENT BEFORE THE LOWER AUTHORITIES AT T HE TIME OF PROCEEDINGS BEFORE THEM. NOW THE ASSESSEES POSSESS THE REQUIRED DOCUMENT. THE LEARNED COUNSEL FOR THE ASS ESSEE SUBMITTED PRAYED THAT ONE MORE OPPORTUNITY MAY BE G IVEN TO ARGUE THE CASES. 3. WE HAVE HEARD BOTH THE SIDES. WE ACCEDE TO THE REQUEST OF THE ASSESSEES' COUNSEL AND ACCORDINGLY SET ASIDE TH E ORDERS OF THE CIT(A) AND RESTORE THE MATTERS TO THE FILE OF THE R ESPECTIVE ASSESSING OFFICERS FOR FRESH CONSIDERATION IN THE L IGHT OF THE DOCUMENTS TO BE PRODUCED BY THE ASSESSEES WITH A DI RECTION TO THE ASSESSEES TO PRODUCE NECESSARY DOCUMENTS BEFORE THE ASSESSING OFFICER DURING THE PROCEEDINGS BEFORE HIM. 4. IN THE RESULT, ALL THE THREE APPEALS OF THE ASSE SSEES ARE ALLOWED FOR STATISTICAL PURPOSES. ORDER PRONOUNCED IN THE OPEN COURT ON 9 TH SEPTEMBER, 2011. SD/- (G.C. GUPTA) VICE PRESIDENT SD/- (CHANDRA POOJARI) ACCOUNTANT MEMBER HYDERABAD, DATED THE 9 TH SEPTEMBER, 2011 TPRAO I.T.A. NOS. 6, 304 & 276/HYD/2011 M/S. VAMSADHARA AGRO PVT. LTD. & ORS. ============================ 3 COPY FORWARDED TO: 1. M/S. VAMSADHARA AGRO PVT. LTD., PLOT NO. 80, ROA D NO. 9, JUBILEE HILLS, HYDERABAD-500 033. 2. M/S. HASTHA AGRO-TECH PVT. LTD., PLOT NO. 80, RO AD NO. 9, JUBILEE HILLS, HYDERABAD-500 033. 3. M/S. SRAVANA BIOTECH PVT. LTD., PLOT NO. 80, ROA D NO. 9, JUBILEE HILLS, HYDERABAD-500 033. 4. THE WEALTH TAX OFFICER (OSD)-3, CENTRAL RANGE-1, HYDERABAD. 5. THE ASST. CIT, CENTRAL CIRCLE-1, HYDERABAD. 6. THE INCOME-TAX OFFICER (OSD)-3, CENTRAL RANGE-1, HYDERABAD. 7. THE CWT(A)-VII, HYDERABAD. 8. THE CIT(A)-VII, HYDERABAD. 9. THE CIT (CENTRAL), HYDERABAD. 10. THE DR, B-BENCH, ITAT, HYDERABAD.