Income Tax Officer, Ward-1, Kurnool V. Kurnool Seeds Pvt Limited , Kurnool

MA 14/Hyd/2020

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 0601 (ITAT-HYDERABAD)
• Duration Of Justice: 11 month(s) 21 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 16-02-2021
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: DB-B
• Next Hearing Date: 05-02-2021
• Assessment Year: 2010-2011
• Appeal Filed On: 26-02-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: RAJENDRA PRASAD
• Keywords: Audit objection; Tax effect

Judgement Text

MA NO 14 OF 2020 KURNOOL SEEDS P LTD KURNOOL PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD (THROUGH VIDEO CONFERENCING) BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER M.A. NO.14/HYD/2020 (ARISING OUT OF ITA NO.1744/HYD/2018) ASSESSMENT YEAR: 2010-11 INCOME TAX OFFICER WARD-1 KURNOOL VS. KURNOOL SEEDS (P) LTD KURNOOL PAN:AACCK3170G (APPELLANT) (RESPONDENT) REVENUE BY: SRI ROHIT MUJUMDAR, DR ASSESSEE BY : SRI RAJENDRA PRASAD DATE OF HEARING: 05/02/2021 DATE OF PRONOUNCEMENT: 16/02/2021 ORDER PER SMT. P. MADHAVI DEVI, J.M. THIS M.A. IS FILED BY THE REVENUE SEEKING RECALL OF THE ORDER OF THE TRIBUNAL DATED 23 RD AUGUST, 2019 DISMISSING THE REVENUES APPEAL ON ACCOUNT OF LOW TAX EFFECT. IN T HIS CASE, THE REVENUE SUBMITS THAT THE APPEAL IS BORNE OUT OF REV ENUE AUDIT OBJECTION ACCEPTED BY THE DEPARTMENT AND HENCE FALL S UNDER THE EXCEPTION CLAUSE MENTIONED IN CBDT CIRCULAR NO.3/20 18. 2. THE LEARNED COUNSEL FOR THE ASSESSEE WAS ALSO HE ARD AND THEREFORE, THE ORDER OF THE TRIBUNAL DATED 23.8 .2019 IS RECALLED AND THE APPEAL IS POSTED FOR HEARING ON 10 .06.2021. AS THE DATE OF HEARING OF THE APPEAL IS ANNOUNCED IN T HE OPEN COURT IN THE PRESENCE OF BOTH THE PARTIES, NO FRESH NOTIC E FOR HEARING SHALL BE GIVEN. M.A FILED BY THE REVENUE IS ACCORDI NGLY ALLOWED. MA NO 14 OF 2020 KURNOOL SEEDS P LTD KURNOOL PAGE 2 OF 2 3. IN THE RESULT, M.A. FILED BY THE REVENUE IS ALLO WED. ORDER PRONOUNCED IN THE OPEN COURT ON 16 TH FEBRUARY, 2021. SD/- SD/- (A. MOHAN ALANKAMONY) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 16 TH FEBRUARY, 2021. VINODAN/SPS COPY TO: 1 ITO WARD-1 1 ST FLOOR, AAYAKAR BHAVAN, NR PTA, OPP: CHILDREN PARK, KURNOOL 518001 2 M/S.KURNOOL SEEDS (P) LTD, 81-5A-2-3-II RAGHAVEND RA NAGAR, NH- 7 KURNOOL. 3 CIT (A)-KURNOOL 4 PR. CIT KURNOOL 5 THE DR, ITAT HYDERABAD 6 GUARD FILE BY ORDER