Maithili Aditya Transports (Presently known as Maithili Shipping & Logistics P Ltd) Karimnagar, Hyderabad V. JCIT, Karimnagar, Karimnagar

ITA 403/HYD/2015

• Counselvise Citation: [2018] 126 COUNSELVISE.COM (IT) 2464 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 10 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-02-2018
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Next Hearing Date: 28-02-2018
• Assessment Year: 2010-2011
• Appeal Filed On: 10-04-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: N SWAPNA
• Assessee Lawyers: A V RAGHURAM

Judgement Text

THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH B, HYDERABAD BEFORE SMT P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI B. RAMAKOTAIAH, ACCOUNTANT MEMBER ITA NO.402/HYD/2015 ASSESSMENT YEAR: 2009-10 & ITA NO. 403/HYD/2015 ASSESSMENT YEAR: 2010-11 M/S MAITHALI SHIPPING & LOGISTICS PVT LTD., (FORMERLY KNOWN AS M/S MAITHALI ADITYA TRANSPORTS PVT., LTD.,), HYDERABAD. PAN AAOFM2042C VS. ASST. CIT, CIRCLE - 1, KARIMNAGAR. (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI A.V. RAGHURAM REVENUE BY : SMT. N. SWAPNA DATE OF HEARING : 28-02-2018 DATE OF PRONOUNCEMENT : 28-02-2018 ORDER PER P. MADHAVI DEVI, J.M.: BOTH ARE ASSESSEES APPEALS FOR THE A.Y 2009-10 AND 2010-11 RESPECTIVELY. ON ONE OF THE OCCASIONS WHEN THE CASE CAME UP FOR HEARING, IT WAS NOTICED BY THE BENCH THAT THE ASSESSEE WAS A FIRM WHICH GOT CONVERTED INTO A PRIVATE LIMITED COMPANY EVEN BEFORE AN APPEAL WAS FILED BY THE ASSESSEE BEFORE THE CIT(A), BUT THAT THE CIT(A) HAS PASSED THE ORDER IN THE NAME OF THE FIRM. THE TRIBUNAL HAD 3 ITA NO. 402 & 403 HYD/2015 M/S MAITHALI SHIPPING & LOGISTICS PVT LTD., HYDERABAD. AND COMPLETE THE ASSESSMENT DE-NOVO IN ACCORDANCE WITH LAW, AFTER GIVING THE ASSESSEE A FAIR OPPORTUNITY OF HEARING. ACCORDINGLY, THE APPEALS ARE TREATED AS ALLOWED FOR STATISTICAL PURPOSES. 2. IN THE RESULT, THE ASSESSEES APPEALS FOR BOTH THE ASSESSMENT YEARS ARE TREATED AS ALLOWED FOR STATISTICAL PURPOSES. PRONOUNCED IN THE OPEN COURT ON 28 TH FEBRUARY, 2018. SD/- SD/- (B. RAMAKOTAIAH) (P. MADHAVI DEVI) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DATED: 28 TH FEBRUARY, 2018 KRK 1 SHRI A.V RAGHU RAM, ADV, FLAT NO. 610, 6 TH FLOOR, BABUKHAN ESTATE, BASHEERBAGH, HYDERABAD 500 001. 2 ASST DIRECTOR OF INCOME TAX, CIRCLE-1, KARIMNAGAR. 3 CIT(A)-2, HYDERABAD 4 CIT-2, HYDERABAD. 5 THE DR, ITAT HYDERABAD 6 GUARD FILE