M/s Cyberabad Hitech Integrated Township Development Corporations Private Limited, Hyderabad V. Dy.CIT, Central Circle-3, Hyderabad

ITA 529/HYD/2013

• Counselvise Citation: [2014] 140 COUNSELVISE.COM (IT) 74685 (ITAT-HYDERABAD)
• Duration Of Justice: 10 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-02-2014
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2009-2010
• Appeal Filed On: 15-04-2013
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: P SOMASEKHAR REDDY
• Assessee Lawyers: MOHD IQBAL HUSSAIN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH A', HYDERABAD BEFORE SHRI B.RAMAKOTAIAH, ACCOUNTANT MEMBER AND SMT. ASHA VIJAYARAGHAVAN, JUDICIAL MEMBER ITA NO.529/HYD/13 : ASSESSMENT YEAR 2009 - 10 M/S. CYBERABAD HITECH INTEGRATED TOWNSHIP DEVELOPMENT CORPORATION PVT. LTD., HYDERABAD 500 072. ( PAN - AAACCC 4971 F) V/S. DY. COMMISSIONER OF INCOME - TAX, CENTRAL CIRCLE 3, HYDERABAD (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI MOHD. IQBAL HUSSAIN RESPONDENT BY : SHRI P.SOMA SEKHAR REDDY DR DATE OF HEARING 25.2.2014 DATE OF PRONOUNCEMENT 25.2.2014 O R D E R PER SMT. ASHA VIJAYARAGHAVAN, JUDICIAL MEMBER: THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF THE COMMISSIONER OF INCOME - TAX, CENTRAL, HYDERABAD DATED 5.2.2013 , PASSED UNDER S.263 OF THE INCOME - TAX ACT, 1961, FOR THE ASSESSMENT YEAR 2009 - 10. 2. AT THE TIME OF HEARING, LEARNED COUNSEL FOR THE ASSESSEE HAS FILED A PETITION BEFORE US, WHER EIN IT HAS BEEN STATED THAT IN THE ASSESSMENT PROCEEDINGS THAT WERE TAKEN UP IN PURSUANCE OF THE IMPUGNED ORDER OF THE COMMISSIONER OF INCOME - TAX PASSED UNDER S.263 OF THE ACT, THE ASSESSING OFFICER CONDUCTED NECESSARY ENQUIRIES AND COMPETED THE ASSESSMENT HOLDING THAT THE ASSESSEE IS ELIGIBLE FOR D EDUCTION UNDER S.80IB, AND CONSEQUENTLY PASSED ASSESSMENT ORDER UNDER S.143(3) READ WITH S.263 OF THE ACT IN FAVOUR OF THE ASSESSEE. IN THIS VIEW OF THE MATTER, IT IS PRAYED THAT THIS APPEAL OF THE ASSESSEE MAY BE PERMITTED TO BE WITHDRAWN. PERMISSION I S ACCORDINGLY GRANTED AND THE APPEAL OF THE ASSESSEE IS TREATED AS WITHDRAWN. ITA NO. 52 9/ HYD/20 1 3 M/S. CYBERABAD HITECH INTEGRATED TOWNSHIP DEVELOPMENT CORPORATION PVT. LTD., HYDERABAD 2 3. IN THE RESULT, ASSESSEES APPEAL IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE COURT ON 25.2.2014 SD/ - SD/ - ( B.RAMAKOTAIAH ) (ASHA VIJAYARAGHAVAN) ACCOUNTANT MEMBER JUDICIAL MEMBER DT/ - 25 TH FEBRUARY, 2014 COPY FORWARDED TO: 1. M/S. CYBERABAD HITECH INTEGRATED TOWNSHIP DEVELOPMENT CORPORATION PVT. LTD., C/O. MOHD. AFZAL, ADVOCATE, 121 - 5 - 475 SHERSON'S RESIDENCY, FLAT NO.402, CRIMINAL COURT ROAD, RED HILLS, HYDERABAD 500 004. 2 . DY. COMMISSIONER OF INCOME - TAX CENTRAL CIRCLE 3 , HYDERABAD 3. COMMISSIONER OF INCOME - TAX CENTRAL HYDERABAD 4. DEPARTMENTAL REPRESENTATIVE, ITAT, HYDERABAD. B.V.S