JCIT (Assts), Spl. Range-4, Hyderabad V. State Bank of Hyderabad, Hyderabad

MA 108/HYD/2014

• Counselvise Citation: [2014] 124 COUNSELVISE.COM (IT) 2299 (ITAT-HYDERABAD)
• Duration Of Justice: 5 month(s) 2 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 22-08-2014
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 1994-1995
• Appeal Filed On: 20-03-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: LAXMINIWAS SHAR MA

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 M.A. NO. 108/HYD/2014 (IN ITA NO. 241/HYD/1999 ASSESSMENT YEAR: 1994-95) JT. COMMISSIONER OF INCOME-TAX(ASSTS), APPLICANT SPECIAL RANGE 4, HYDERABAD (PAN AABCV 2364 G) VS. STATE BANK OF HYDERABAD, RES PONDENT HYDERABAD. APPLICANT BY : SHRI R. MOHAN REDDY RESPONDENT BY : SHRI LAXMI NIWAS SHARMA DATE OF HEARING : 22/08/2014 DATE OF PRONOUNCEMENT : 22/08/2014 ORDER PER SAKTJIT DEY, A.M.: BY THIS MISCELLANEOUS APPLICATION, THE REVENUE IS S EEKING RECALL OF THE TRIBUNAL ORDER DATED 27/05/2004 PASSE D IN ITA NO. 241/HYD/1999, DISMISSING THE APPEAL OF THE REVENUE FOR WANT OF COD APPROVAL. 2. AS NOTED AT THE TIME OF HEARING, THIS MISCELLANE OUS APPLICATION SEEKING RECTIFICATION OF THE ORDER OF THE TRIBUNAL U/S 254(2) IS FILED BY THE REVENUE ON 28/03/2014, I.E. AFTER A PERIOD OF F OUR YEARS FROM THE DATE OF THE ORDER OF THE TRIBUNAL, VI.Z, 27/05/2004 . THE SAME, THUS, IS BARRED BY LIMITATION AND IS LIABLE TO BE DISMISSED AT THE VERY THRESHOLD, BEING BARRED BY TIME. WE DO SO ACCORDING LY. M.A. NO. 108/HYD/14 (IN ITA NO. 241/H/99) STATE BANK OF HYDERABAD, HYD. 2 3. IN THE RESULT, MISCELLANEOUS APPLICATION OF THE REVENUE IS DISMISSED. PRONOUNCED IN THE OPEN COURT UPON CONCLUSION OF HEA RING ON 22/08/2014. SD/- SD/- (PM. JAGTAP) (SAKTIJIT DEY) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DATED: 22/08/2014. KV COPY TO:- 1) JCIT, SPECIAL RANGE - 4, HYDERABAD. 2) DY. GENERAL MANAGER, STATE BANK OF HYDERABAD, AC COUNTS & SERVICES DEPARTMENT, (HYBANK TOWERS, HEAD QUART ERS, HYDERABAD), GUNFOUNDRY, HYDERABAD 500 001. 3) CIT, AP-I, HYDERABAD 4) THE CIT(A), HYDERABAD 5) THE DEPARTMENTAL REPRESENTATIVE, I.T. A.T., HYDERABAD.