Dy. Commissioner of Income Tax , Circle-16(2), Hyderabad V. Penna Cement Industries Limited , Hyderabad

MA 124/Hyd/2019

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 0789 (ITAT-HYDERABAD)
• Duration Of Justice: 1 month(s) 7 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 13-12-2019
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: DB-A
• Next Hearing Date: 13-12-2019
• Assessment Year: 2010-2011
• Appeal Filed On: 06-11-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Tax effect
• Section: 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD A BENCH : HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER M.A. NO. 12 4 /HYD./2019 (ARISING OUT OF ITA NO. 111/HYD./2019) A.Y. 2010 - 11 DY.CIT, CIRCLE 16(2) VS. PENNA CEMENT INDUSTRIES LTD. HYDERABAD PLOT NO.705, LAKSHMIVAS ROAD NO.3, BANJARA HILLS HYDERABAD 500 034 (APPELLANT) (RESPONDENT) FOR ASSESSE: SHRI P. VINOD, A.R. FOR REVE NUE: SH. Y.V.S.T. SAI, D.R. DATE OF HEARING : 13/12/19 DATE OF PRONOUNCEMENT : 13 /12/19 O R D E R PER SMT. P. MADHAVI DEVI, J.M. THIS APPLICATION IS FILED BY REVENUE SEEKING RECALL OF ORDER OF THE TRIBUNAL DATED 23 .08.2019 IN ITA 11 1/HYD/2019 WHICH WAS DISMISSED ON ACCOUNT OF LOW TAX EFFECT. 2. IT IS SUBMITTED THAT THIS CASE FALLS UNDER THE EXCEPTION CLAUSE 10C OF THE CIRCULAR, AND, THEREFORE, SOUGHT RECALL OF THE ORDER OF THE TRIBUNAL. 3. TAKING THE SAME INTO CONSIDERATION, THE ORDER IN THE CAPTIONED APPEAL IS RECALLED AND FIXED FOR HEARING ON 04.06.2020 . AS THE DATE OF HEARING IS ANNOUNCED IN OPEN COURT IN THE PRESENCE O F BOTH THE PARTIES, NO FRESH NOTICE OF HEARING NEED BE GIVEN . 3. IN THE RESULT, THE MISC. APPLICATION FILED BY THE REVENUE IS ALLOWED. PRONOUNCED IN THE OPEN COURT ON 13 /12/2019. SD/ - SD/ - (A. MOHAN ALANKAMONY) (P. MADHAVI DEVI) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 13/ 12/2019. *GMV M.A.NO.12 4 /HYD/2019 AY:201 0 - 11 M/S PENNA CEMENT INDUSTRIES LTD. 2 COPY FORWAR DED TO: 1. DCIT, CIRCLE 16(2), HYDERABAD. 2. M/S PENNA CEMENT INDUSTRIES LTD., PLOT NO.705, LAKSHMIVAS, ROAD NO.3, BANJARA HILLS, HYDERABAD 500 034. 3. CIT(A), HYDERABAD . 4. PR. CIT, HYDERABAD. 5. D.R. ITAT HYDERABAD. 6. GUARD FILE // C O P Y //