Kalanikethan Fashions Pvt. Ltd., (Formerly KLN Textiles & Jewels P. Ltd.,), Hyderabad V. Dy.CIT, Circle-2(2), Hyderabad

MA 114/HYD/2014

• Counselvise Citation: [2014] 124 COUNSELVISE.COM (IT) 2067 (ITAT-HYDERABAD)
• Duration Of Justice: 3 month(s) 29 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 18-07-2014
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Assessment Year: 2007-2008
• Appeal Filed On: 20-03-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: M V R PRASAD

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A : HYDERABAD BEFORE SHRI B. RAMAKOTAIAH, ACCOUNTANT MEMBER AND SHRI SAKTIJIT DEY, JUDICIAL MEMBER M.A.NO.114/HYD/2014 ARISING OUT OF ITA.NO.1301/HYD/2013 - ASSESSMENT YEAR 2007-2008 KALANIKETHAN FASHIONS P. LTD., (FORMERLY KLN TEXTILES & JEWELS P. LTD.,) HYDERABAD. PAN AACCK-7146-G VS. DCIT, CIRCLE-II(2) HYDERABAD (APPLICANT) (RESPONDENT) FOR ASSESSEE MR. M.V.R. PRASAD FOR REVENUE MR. R. MOHAN REDDY DATE OF HEARING 18.07.2014 DATE OF PRONOUNCEMENT 18.07.2014 ORDER PER B. RAMAKOTAIAH, A.M. BY THIS MISCELLANEOUS APPLICATION, ASSESSEE IS SEEKING FOR RECALL OF THE ORDER OF THE TRIBUNAL DAT ED 23.05.2014 IN ITA.NO.1301/HYD/2013 FOR THE ASSESSME NT YEAR 2007-08. THE ASSESSEE IN THE MISCELLANEOUS PETITION BESIDES MENTIONING THE REASONS FOR NOT ATTENDING THE HEARIN G OF ITS CASE, REQUESTED THAT NON-ATTENDANCE ON THE DATE OF HEARING WAS OUT OF INADVERTENCE AND NOT AS ASSESSEE DISINTE RESTED IN PROSECUTING THE APPEAL. LD. COUNSEL REQUESTED FOR RECALL OF THE ORDER IN THE INTEREST OF JUSTICE. 2 MA.NO.114/H/2014 IN ITA.1301/H/2013 KALANIKETHAN FASHIONS P. LTD., HYDERABAD. 2. WE HAVE HEARD THE LD. COUNSEL AND THE LD. D.R. IN THE MATTER. IN VIEW OF THE FACT THAT ASSESSEE IS IN TERESTED IN PROSECUTING ITS APPEAL, THE ORDER OF THE ITAT (SUPR A) IS RECALLED. THE REGISTRY IS DIRECTED TO FIX THE APPEAL ON 17.11 .2014 FOR HEARING. SINCE THE DATE OF HEARING OF THE APPEAL IS ANNOUNCED IN THE OPEN COURT, NO FRESH NOTICE WILL BE ISSUED T O THE PARTIES. 3. IN THE RESULT, MISCELLANEOUS APPLICATION OF THE ASSESSEE IS ALLOWED AS INDICATED ABOVE. ORDER PRONOUNCED IN THE OPEN COURT ON 18.07 .2014. SD/- SD/- (SAKTIJIT DEY) (B.RAMAKOTAIAH) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDERABAD, DATED 18 TH JULY, 2014 VBP/- COPY TO 1. KALANIKETHAN FASHIONS P. LTD., (FORMERLY KLN TEX TILES & JEWELS P. LTD., 8-2-293/82/A/1149, JUBILEE HILLS ROAD NO.59, HYDERABAD 500 033. 2. DCIT, CIRCLE 2(2), I.T. TOWERS, AC GUARDS, HYDER ABAD. 3. CIT(A)-III, HYDERABAD 4. CIT-II, HYDERABAD 7. D.R. A BENCH, ITAT, HYDERABAD.