M/s Meena Jewels & Pearls, Hyderabad V. Commissioner of Income Tax-IV, Hyderabad

ITA 574/HYD/2014

• Counselvise Citation: [2015] 121 COUNSELVISE.COM (IT) 1857 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 4 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-08-2015
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 30-07-2015
• Assessment Year: 2009-2010
• Appeal Filed On: 28-03-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: D SRINIVASA
• Assessee Lawyers: P MURALI MOHAN RAO
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH A, HYDERABAD BEFORE SHRI P.M. JAGTAP, ACCOUNTANT MEMBER AND SHRI SAKTIJIT DEY, JUDICIAL MEMBER S.NO. ITA NO. A.Y APPELLANT RESPONDENT 1. 574/H/14 2009-10 M/S MEENA JEWELS & PEARLS, HYDERABAD PAN AAMFM8114F COMMISSIONER OF INCOME-TAX-IV, HYDERABAD. 2. 575/H/14 2009-10 M/S MEENA JEWELLERS PVT. LTD., HYDERABAD PAN AAFCM1756K -DO- 3. 576/H/14 2009-10 M/S MEENA JEWELS EXPORTS, , HYDERABAD PAN AATFM3783D -DO- ASSESSEE BY : SHRI P. MURALI MOHAN RAO REVENUE BY : SHRI D. SRINIVASA DATE OF HEARING : 30-07-2015 DATE OF PRONOUNCEMENT : 05-08-2015 O R D E R PER SAKTIJIT DEY, J.M.: THESE THREE APPEALS PERTAINING TO THREE DIFFERENT A SSESSEES ARE DIRECTED AGAINST SEPARATE ORDERS PASSED U/S 263 BY LD. CIT-IV, HYDERABAD, REVISING THE ASSESSMENT ORDERS FOR AY 20 09-10. 2. AT THE TIME OF HEARING, LD. AR SUBMITTED BEFORE US, IN THE CONSEQUENTIAL ORDER PASSED IN PURSUANCE TO THE ORDE RS OF LD. CIT U/S 263, AO HAS NOT RAISED ANY DEMAND. HENCE, LD. AR SU BMITTED, ASSESSEES DO NOT WANT TO PURSUE THE APPEALS UNDER C ONSIDERATION. IN THIS CONTEXT, HE SUBMITTED LETTER FROM CONCERNED A SSESSEES SEEKING WITHDRAWAL OF THESE APPEALS. LD. DR, HAS NO OBJECTI ON TO WITHDRAWAL OF THE APPEALS BY ASSESSEE. IN VIEW OF SPECIFIC REQ UEST OF THE ASSESSEE, THE APPEALS ARE ALLOWED TO BE WITHDRAWN. 2 ITA. NOS. 574, 575 & 576/HYD/2014 M/S MEENA JEWELS & PEARLS AND OTHERS 2. IN THE RESULT, APPEALS FILED BY ASSESSEES ARE DI SMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON 5 TH AUGUST, 2015. SD/- SD/- (P.M. JAGTAP) (SAKTIJIT DEY) ACCOUNTANT MEMBER JUDI CIAL MEMBER HYDERABAD, DATED: 5 TH AUGUST, 2015 KV COPY TO:- 1) M/S MEENA JEWELS & PEARLS, 2) M/S MEENA JEWELLER S PVT. LTD., 3), M/S MEENA JEWELS EXPORTS, C/O P. MURALI & CO., CAS., 6-3-655/2/3, 1 ST FLOOR, SOMAJIGUDA, HYDERABAD 500 082 4 ) CIT-IV, HYDERABAD 5) ADDL. CIT, RANGE 16, HYDERABAD. 6) DCIT CIRCLE 16(2), HYDERABAD. 7) THE DEPARTMENTAL REPRESENTATIVE, I.T.A.T ., HYDERABAD.