BMM Ispat Limited, Hospet V. CIT, Bangalore

ITA 641/BANG/2015

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 0442 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-05-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 02-05-2016
• Assessment Year: 2007-2008
• Appeal Filed On: 24-04-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SANJAY KUMAR CITIIIDR
• Assessee Lawyers: K R PRADEEP
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : BANGALORE BEFORE SHRI SUNIL KUMAR YADAV, JUDICIAL MEMBER AND SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER ITA NO.641/BANG/2015 ASSESSMENT YEAR : 2007-08 BMM ISPAT LTD., NO.114, DANAPUR, MARIYAMMANAHALLI, HOSPET 583 222. PAN: AACCB 3556B VS. THE PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) BANGALORE, BANGALORE. APPELLANT RESPONDENT APPELLANT BY : SHRI K.R. PRADEEP, CA RESPONDENT BY : SHRI SANJAY KUMAR, CIT-III(DR) DATE OF HEARING : 02.05.2016 DATE OF PRONOUNCEMENT : 06.05.2016 O R D E R PER SUNIL KUMAR YADAV, JUDICIAL MEMBER THIS APPEAL IS PREFERRED BY THE ASSESSEE AGAINST THE ORDER OF PRINCIPAL COMMISSIONER OF INCOME-TAX (CENTRAL), BAN GALORE [HEREINAFTER REFERRED TO AS THE CIT] PASSED U/S. 263 OF THE IN COME-TAX ACT, 1961 [HEREINAFTER REFERRED TO AS THE ACT]. ITA NO.641/BANG/2015 PAGE 2 OF 2 2. DURING THE COURSE OF HEARING, THE LD. COUNSEL FO R THE ASSESSEE HAS MADE A STATEMENT THAT CONSEQUENT TO CITS ORDER, AS SESSMENT WAS FRAMED AND AO HAS ADJUDICATED THE ISSUE IN FAVOUR OF ASSES SEE, THEREFORE NO GRIEVANCE IS LEFT OUT AGAINST THE ORDER OF CIT AS W ELL AS THE AO. IN LIGHT OF THESE FACTS, THE ASSESSEE DID NOT WANT TO ADVANCE H IS ARGUMENT IN THE PRESENT APPEAL. RATHER, HE HAS ALSO AGREED FOR W ITHDRAWAL OF THE APPEAL, TO WHICH THE REVENUE HAS NO OBJECTION. ACCORDINGL Y, THE APPEAL OF THE ASSESSEE STANDS DISMISSED AS WITHDRAWN. PRONOUNCED IN THE OPEN COURT ON THIS 6 TH DAY OF MAY, 2016. SD/- SD/- ( INTURI RAMA RAO ) (SUNIL KUMAR YADA V ) ACCOUNTANT MEMBER JUDICIA L MEMBER BANGALORE, DATED, THE 6 TH MAY, 2016. /D S/ COPY TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR, ITAT, BANGALORE.