M/s Goldston Technologies Limited, Hyderabad V. CIT-(Central), Hyderabad

ITA 911/HYD/2014

• Counselvise Citation: [2016] 132 COUNSELVISE.COM (IT) 6649 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 10 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-04-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 07-04-2016
• Assessment Year: 2009-2010
• Appeal Filed On: 12-05-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: P SOMASEKHAR REDDY
• Assessee Lawyers: P MURALI MOHAN RAO
• Section: 143(3); 263

Judgement Text

ITA NOS 910 AND 911 OF 2014 GOLDSTONE TECHNOLOGIES LTD HYDERABAD. PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD A BENCH, HYDERABAD BEFORE SHRI P.MADHAVI DEVI, JUDICIAL MEMBER & SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA NOS.910 & 911 /HYD/2014 (ASSESSMENT YEARS: 2008-09 & 2009-10) M/S GOLDSTONE TEC HNOLOGIES LTD HYDERABAD PAN: AACCG 7478 F VS. COMMISSIONER OF INCOME TAX (CENTRAL) HYDERABAD (APPELLANT) (RESPONDENT) FOR ASSESSEE : SHRI P. MURALI MOHAN RAO, AR FOR REVENUE : SHRI P. SOMASEKHAR REDDY, DR DATE OF HEARING : 7.4.20 16 DATE OF PRONOUNCEMENT : 7.4.2016 O R D E R PER SMT. P. MADHAVI DEVI, J.M. BOTH ARE ASSESSEES APPEALS FOR A.YS 2008-09 AND 20 09-10 RESPECTIVELY. FOR THE A.Y 2008-09, THE APPEAL IS AG AINST THE ORDER OF THE CIT (CENTRAL) U/S 263 OF THE I.T. ACT, WHILE THE APPEAL FOR A.Y 2009-10 IS AGAINST THE ORDER OF THE CIT (A) CON FIRMING THE ASSESSMENT ORDER U/S 143(3) OF THE ACT.. THE LEARNE D COUNSEL FOR THE ASSESSEE SUBMITTED THAT THE ASSESSEE IS WITHDRA WING BOTH THE APPEALS AS IT IS NOT INTERESTED IN PURSUING THE SAM E. A PETITION DATED 7.4.2016 IS FILED BEFORE US SEEKING PERMISSIO N TO WITHDRAW BOTH THE APPEALS FOR THE A.YS 2008-09 AND 2009-10. IN VIEW OF THE SAME, APPEALS OF THE ASSESSEE FOR THE A.YS 2008 -09 AND 2009-10 ARE DISMISSED. 2. IN THE RESULT ASSESSEES APPEALS ARE DISMISSED. ITA NOS 910 AND 911 OF 2014 GOLDSTONE TECHNOLOGIES LTD HYDERABAD. PAGE 2 OF 2 ORDER PRONOUNCED IN THE OPEN COURT ON 7 TH APRIL, 2016. SD/ - SD/ - (S. RIFAUR RAHMAN) (P. MADHAVI DEVI) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DATED 7 TH APRIL, 2016. VNODAN/SPS COPY TO: 1. P. MURALI & CO. CAS, 6-3-655/2/3 1 ST FLOOR, SOMAJIGUDA, HYDERABAD 500082 2. ACIT CIRCLE-3 HYDERABAD 3. CIT(CENTRAL), HYDERABAD 4. ACIT CENTRAL CIRCLE-8 HYDERABAD 5. THE DR, ITAT, HYDERABAD 6. GUARD FILE BY ORDER