K.G.F.Cottons Private Limited, Hyderabad V. Asst. Commissioner of Income Tax, Central Circle-2(3), Nizamabad

ITA 324/Hyd/2018

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 8053 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 2 month(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-04-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Next Hearing Date: 04-04-2019
• Assessment Year: 2013-2014
• Appeal Filed On: 16-02-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M H NAIK
• Assessee Lawyers: C V NARASIMHAM

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH A , HYDERABAD BEFORE S MT P. MADHAVI DEVI , JUDICIAL MEMBER AND SHRI S . RIFAUR RAHMAN , ACCOUNTANT MEMBER ITA NO. 324 /HYD/201 8 ASSESSMENT YEAR: 20 1 3 - 1 4 K.G.F. COTTONS PVT. LTD., HYDERABAD. PAN AAACK 8379D VS. ASST. COMMISSIONER OF INCOME - TAX, CIRCLE 1, NIZAMABAD. ( A PPELLANT ) (RESPONDENT) ASSESSEE BY : S HRI C.V. NARASIMHAM REVENUE BY : S HRI M.H. NAIK DATE OF HEARING : 04 / 0 4 /201 9 DATE OF PRONOUNCEMENT : 18 /0 4 / 201 9 O R D E R PER S . RIFAUR RAHMAN , A .M. : THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF CIT(A) 5 , DATED 27 / 1 2/201 7 , HYDERABAD FOR AY 20 1 3 - 1 4 . 2. AT THE TIME OF HEARING BEFORE US, LD. AR OF THE ASSESSEE MADE A SPECIFIC REQUEST TO THE BENCH THAT THE ASSESSEE MAY BE PERMITTED TO WITHDRAW THE APPEAL, WHICH WAS ENDORSED ON THE ORDER SHEET BY THE LD. AR. AS THERE WAS A SPECIFIC REQUEST FROM THE ASSESSEE TO WITHDRAW ITS APPEAL, W E, THEREFORE, PERMIT THE ASSESSEE TO WITHDRAW ITS APPEAL, WHICH HEREBY STANDS DISMISSED AS WITHDRAWN. 2 ITA NO. 324 /HYD/1 8 KGF COTTONS PVT. LTD. 3. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED. PRONOUNCED IN THE OPEN COURT ON 18 TH APRIL , 201 9. SD/ - SD/ - ( P. MADHAVI DEVI ) (S . RIFAUR RAHMAN ) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDERABAD, DATED: 18 TH APRIL , 201 9 KV C OPY TO: - 1) M/S KGF COTTONS PVT. LTD., 1 - 8 - 663, AZAMABAD INDUSTRIAL AREA, AZAMABAD, HYDERABAD 500 020 2) ACIT, CIRCLE 1, AAYAKAR BHAVAN, SUBHASHNAGAR, NIZAMABAD. 3) CIT(A) 5 , HYDERABAD. 4) PR. CIT - 5 , HYD. 5 ) THE DEPARTMENTAL REPRESENTATIVE, I.T.A.T., HYDERABAD. 6 ) GUARD FILE