Symed Labs Limited, Hyderabad V. Dy. Commissioner of Income Tax , Central Circle-2(2), Hyderabad

ITA 821/Hyd/2018

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 1646 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 9 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2011-2012
• Appeal Filed On: 03-05-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: S RAMA RAO
• Section: 13; 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES : BENCH A HYDERABAD (THROUGH VIDEO CONFERENCE ) BEFORE SHRI S.S. GODARA, JUDICIAL MEMBER AND SHRI L . P . SAHU, ACCOUNTANT MEMBER ITA NO S . 821, 822 & 823 /HYD/20 18 A.Y S. 2011 - 12, 2012 - 13 & 2013 - 14 SYMED LABS LIMITED HYDERABAD [PAN: AACCG7590A ] VS. DY.CIT , CETRAL CIRCLE 2(2) HYDERABD ( APPELLANT) (RESPONDENT) ASSESSEE BY: SRI S. RAMA RAO, ADV. REVENUE BY : SRI SUNIL KUMAR PANDEY, DR DATE OF HEARING: 2 7 / 01 /202 1 DATE OF PRONOUNCEMENT: 16 / 02 /202 1 ORDER PER BENCH THIS ASSESSEES APPEAL S FOR A.Y S . 2011 - 12, 2012 - 13 AND 2013 - 14 ARISES FROM PR. COMMISSIONER OF INCOME TAX (CENTRAL)/H/263/17/2017 - 18, HYDERABADS ORDER DATED 14.03.2018 PASSED IN CASE NO. 02 63 /2016 - 17 INVOLVING PROCEEDINGS U/S 263 OF THE INCOME TAX AC T, 1961 [IN SHORT THE ACT]. HEARD BOTH THE PARTIES. CASE FILES PERUSED. 2. MR. RAMA RAO SUBMITTED AT THE OUTSET THAT ALL THESE ARE ASSESSEE S APPEALS CHALLENGING THE P .CITS REVISION DIRECTIONS U/S 263 OF THE ACT STAND RENDERED INFRUCTUOUS IN VIEW OF CIT(A)S ORDER(S) IN CONSEQUENTIAL ASSESSMENT S TREATING IT AS ELIGIBLE FOR SEC. 35(2AB) DEDUCTION. MR.RAMA RAO NEXT REFERRED ITA NO S . 821, 822 & 823 /HYD./2018 AY: 2011 - 12, 2012 - 13 2013 - 14 SYMED LABS LIMITED 2 TO THE CIT(A)S ORDERS TO THIS EFFECT DATED 29.10.2020 ON IDENTICAL LINES. ALL THESE INTERVENING DEVELOPME NTS HAVE GONE UNREBUTTED BY R EVENUE SIDE . M ORE PARTICULARLY THE FACT THAT THE ASSESSES RESEARCH AND DEVELOPMENT FACILITY HAS SUBSEQUENTLY BEEN GRANTED APPROVAL IN FORM 3 CL. WE THUS TREAT ALL THESE INSTANT FRESH APPEALS TO HAVE BEEN RENDERED INFRUCTUOUS . THIS ASSESSEES APPEALS ARE DISMISSED AS RENDERED INFRUCTUOUS IN FOREGOING TERMS. A COPY OF THIS ORDER MAY BE PLACED IN RESPECTIVE FILE S . ORDER PRONOUNCED IN OPEN COURT ON 16 /0 2 /2021. SD/ - SD/ - (L . P . SAHU) (S.S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: THE 16 TH FEBRUARY, 2021. * GMV COPY OF THE ORDER FORWARDED TO: 1. SYMED LABS LIMITED, 8 - 2 - 293174/3, BESIDE B.N.REDDY COLONY, ROAD NO.14, BANJARA HILLS, HYDERABAD, TELANGANA. PIN: 500 03 4 2. DY.CIT, CENTRAL CIRCLE 2(2), HYDERABAD, TELANGANA 3. ACIT, CENTRAL RANGE 2 , HYDERABAD 4. PR. CIT , CENTRAL, HYDERABAD. 5. DR, ITAT, HYDERABAD. 6 . GUARD FILE.