M/s Veeyes Investments Private Limited, Hyderabad V. DCIT, Central Circle-1, Hyderabad

MA 132/Hyd/2019

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 0842 (ITAT-HYDERABAD)
• Duration Of Justice: 14 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 19-12-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB-A
• Assessment Year: 2005-2006
• Appeal Filed On: 05-12-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH A ', HYDERABAD BEFORE SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER AND SHRI V. DURGA RAO, JUDICIAL MEMBER M.A. NO. 132/HYD/2019 (IN I TA NO . 112 / HYD/201 0 A SSESSMENT Y EAR : 20 05 - 06 ) M/S VEEYES INVESTMENTS PVT. LTD., HYDERABAD. PAN A ABCV6591K VS. DY. COMMISSIONER OF INCOME - TAX, CENTRAL CIRCLE 1, HYDERABAD. APP LICANT RESPONDENT ASSESSEE BY: S HRI K.C. DEVDAS REVENUE BY: S HRI SUNKU SRINIVAS DATE OF HEARING: 0 6 / 1 2 / 201 9 DATE OF PRONOUNCEMENT: 19 / 1 2 /201 9 O R D E R PER V. DURGA RAO, J.M.: BY THIS M.A., THE LD. AR OF THE ASSESSEE SUBMITTED THAT THE ORDER PASSED BY THE ITAT IN ITA NO. 112/HYD/2010 VIDE ITS ORDER DATED 25/10/2019 MAY BE MODIFIED, OTHERWISE , IT ADVERSELY EFFECT THE INTEREST OF THE ASSESSEE, THEREFORE, THE SUBMISSIONS MAY BE CON SIDERED AND MODIFY THE ORDER ACCORDINGLY. 2. THE LD. DR, ON THE OTHER HAND, HAS NOT RAISED OBJECTION AGAINST THE SUBMISSION OF THE LD. AR. 3. WE HAVE CONSIDERED THE SUBMISSIONS OF THE LD. AR. ACCORDINGLY, PARA 4 OF THE ORDER PASSED IN ITA NO. 112/HYD/2 019, DATED 25/10/2019 IS MODIFIED AS UNDER: M.A. NO. . 132 /HYD/ 201 9 M/S VEEYES INVESTMENTS PVT. LTD. 2 4. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL AVAILABLE ON RECORD. WE FIND THAT THE ISSUE INVOLVED IN THIS APPEAL IS SQUARELY COVERED AGAINST THE ASSESSEE BY THE DECISION OF THE COORDINAT E BENCH OF THIS TRIBUNAL IN ASSESSEES OWN CASE FOR AY 2002 - 03 (SUPRA) AND, THEREFORE, NO ADJUDICATION IS REQUIRED ON THE ISSUE IN DISPUTE . TH E GROUND OF APPEAL RAISED BY THE ASSESSEE IS ACCORDINGLY DISMISSED. 4. IN THE RESULT, MA FILED BY THE ASSESSEE IS ALLOWED. PRONOUNCED IN THE OPEN COURT ON 19 TH DECEMBER , 201 9. SD/ - (A. MOHAN ALANKAMONY ) ACCOUNTANT MEMBER SD/ - ( V. DURGA RAO ) JUDICIAL MEMBER HYDERABAD, DATED 19 TH DECEMBER , 201 9. KV COPY FORWARDED TO: 1. M/S VEEYES INVESTMENTS PVT. LTD., FORTUNE MONARCH MALL, 3 RD FLOOR, # 306, PLOT NO. 707 - 709, ROAD NO. 36, JUBILEE HILLS, HYDERABAD. 2 . DC IT , CENTRAL CIRCLE 1, HYDERABAD . 3 . CIT (A) - 1 , HYDERABAD. 4. CIT (CENTRAL) , HYDERABAD 5. THE DR, ITAT, HYDERABAD 6. GUARD FILE