B. Teja Raju, Hyderabad V. Dy.CIT, Central Circle-8, Hyderabad

ITA 890/HYD/2014

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 6021 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 9 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-03-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 03-03-2016
• Assessment Year: 2003-2004
• Appeal Filed On: 09-05-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: K MYTHLI RANI

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH B, HYDERABAD BEFORE SMT. P.MADHAVI DEVI, JUDICIAL MEMBER A ND SHRI S.RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA NO.890/HYD/2014 : ASSESSMENT YEARS 2003-0 4 SHRI B.TEJA RAJU, HYDERABAD (PAN - AAFSPB 9531 Q ) V/S DY. COMMISSIONER OF INCOME-TAX CENTRAL CIRCLE 8, HYDERABAD (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI K.C.DEVDAS RESPONDENT BY : SMT.K. MYTHLI RANI DR DATE OF HEARING 3 . 3 .201 6 DATE OF PRONOUNCEMENT 3.3.2016 O R D E R PER SMT. P.MADHAVI DEVI, JUDICIAL MEMBER : THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGA INST THE ORDER OF THE COMMISSIONER OF INCOME-TAX(CENTRAL) DA TED 27.3.2014 PASSED UNDER S.263 OF THE INCOME TAX ACT,1961 FOR THE ASSESSMENT YEAR 2003-04. 2. AT THE OUTSET, LEARNED COUNSEL FOR THE ASSESSEE HAS FILED A PETITION DATED 3.3.2016, STATING THAT IN THE CONSEQ UENTIAL ORDER PASSED BY THE ASSESSING OFFICER UNDER S.143(3) READ WITH S .263 OF THE ACT, THE INCOME ORIGINALLY ASSESSED UNDER S.143(3) READ WITH S.147 HAS BEEN ACCEPTED. IN OTHER WORDS, IT HAS BEEN STATED THAT NO ADDITIONS IN RELATION TO THE ISSUES DEALT WITH IN THE ORDER OF T HE COMMISSIONER UNDER S.263 OF THE ACT, IMPUGNED IN THE PRESENT APP EAL, HAVE BEEN MADE BY THE ASSESSING OFFICER. IN THE CIRCUMSTANCE S, IT WAS PRAYED I THAT THE PRESENT APPEAL OF THE ASSESSEE MAY BE DISM ISSED AS WITHDRAWN. LEARNED DEPARTMENTAL REPRESENTATIVE, ON THE OTHER HAND, HAS NOT RAISED ANY SERIOUS OBJECTION TO THE ABOVE C ONTENTIONS OF THE ASSESSEE. IN THIS VIEW OF THE MATTER, WE ACCEDE T O THE REQUEST OF THE ASSESSEE, AND DISMISS THIS APPEAL AS WITHDRAWN. ITA NO.890/HYD/2014 SHRI B.TEJA RAJU, HYDERABAD 2 3. IN THE RESULT, ASSESSEES APPEAL IS DISMISSED. PRONOUNCED IN THE OPEN COURT AT THE CONCLUSION OF HEARING ON 03.03.2016 SD/- SD/- (S.RIFAUR RAHMAN) (P.MADHAVI DEVI) ACCOUNTANT MEMBER. JUDICIAL MEMBER DT/- 03 RD MARCH, 2016 COPY FORWARDED TO: 1. SHRI B.TEJA RAJU, PLOT NO.80, ROAD NO.9, JUBILEE HILLS, HYDERABAD 500 033 2. DY. COMMISSIONER OF INCOME-TAX CENTRAL CIRCLE 8, HYDERABAD 3. COMMISSIONER OF INCOME - TAX( CENTRAL ) HYDERABAD 4. DEPARTMENTAL REPRESENTATIVE ITAT, HYDERABAD B.V.S.