Limak Soma JV, Hyderabad V. ITO, Ward-6(3), Hyderabad

MA 180/HYD/2011

• Counselvise Citation: [2011] 123 COUNSELVISE.COM (IT) 7227 (ITAT-HYDERABAD)
• Duration Of Justice: 4 month(s) 7 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 04-10-2011
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: misc
• Appeal Filed On: 27-05-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: T DIWAKAR PRASAD
• Assessee Lawyers: V RAGHAVENDRA RAO

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH A', HYDERABAD BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. ASHA VIJAYARAGHAVAN, JUDICIAL MEMBER M.A. NO. 180/HYD/2011 (ARISING OUT OF ITA NO. 99/HYD/2010) ASSESSMENT YEAR 2005-06 M/S. LIM AK - SOMA J.V. HYDERABAD PAN: AAAAL1485F VS. THE ITO,WARD - 6(3) HYDERABAD APPELLANT RESPONDENT M.A. NO. 181/HYD/2011 (ARISING OUT OF ITA NO. 206/HYD/2010) ASSESSMENT YEAR 2006-07 M/S. CSCHK - SOMA (JV) HYDERABAD PAN: AAAAC 3418 M VS. THE ACIT, CIRCLE - 6(1) HYDERABAD APPELLANT RESPONDENT M.A. NO. 182/HYD/2011 (ARISING OUT OF ITA NO. 207/HYD/2010) ASSESSMENT YEAR 2006-07 M/S. SOMA - PATEL ASI (JV) HYDERABAD PAN: AACAS 1387 B VS. THE ACIT, CIRCLE - 6(1) HYDERABAD APPELLANT RESPONDENT APPELLANT BY: SHRI V. RAGHAVENDRA RAO RESPONDENT BY: SHRI T. DIWAKAR PRASAD DATE OF HEARING: 04.10.2011 DATE OF PRONOUNCEMENT 04.10.2011 O R D E R PER CHANDRA POOJARI, AM: ALL THE ABOVE MISCELLANEOUS APPLICATIONS (MAS) ARE RELATING TO THREE INDEPENDENT ASSESSEES ARE PREFERR ED BY THE ASSESSEES AGAINST THE COMMON ORDER OF THIS TRIBUNAL IN ITA NOS. 99, 206 & 207/HYD/2010 ORDER DATED 24 TH SEPTEMBER, 2010. MA NOS. 180-182/HYD/2011 M/S. LIMAK-SOMA JV & ORS. ================= 2 SINCE ALL THE THREE ASSESSEES BELONG TO ONE GROUP A ND SINCE THE ISSUE RAISED IN ALL THE THREE MAS IS COMMON, THESE MAS WERE HEARD TOGETHER AND ARE BEING DISPOSED OF BY THIS CO MMON ORDER, FOR THE SAKE OF CONVENIENCE. 2. AT THE OUTSET, THE LEARNED COUNSEL FOR THE ASSESSEE , MR. V. RAGHAVENDRA RAO, BROUGHT TO THE NOTICE OF THE BENCH THAT THE ASSESSEES WISH TO WITHDRAW THE MAS FILED BY THEM AN D ACCORDINGLY PRAYED THE BENCH TO PERMIT THE ASSESSEE S TO WITHDRAW THE MAS. 3. THE LEARNED DR, SHRI T. DIWAKAR PRASAD, DOES NOT HA VE ANY OBJECTION FOR WITHDRAWAL OF THESE MAS. 4. ACCORDINGLY, ALL THE ABOVE THREE MAS FILED BY THE A SSESSEES ARE DISMISSED AS WITHDRAWN. 5. IN THE RESULT, ALL THE MAS OF THE ASSESSEES ARE DIS MISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 4 TH OCTOBER, 2011. SD/- (ASHA VIJAYARAGHAVAN) JUDICIAL MEMBER SD/- (CHANDRA POOJARI) ACCOUNTANT MEMBER HYDERABAD, DATED 4 TH OCTOBER, 2011 TPRAO COPY FORWARDED TO: 1. THE INCOME-TAX OFFICER, WARD-6(3), 6TH FLOOR, 'C ' BLOCK, I.T. TOWERS, A.C. GUARDS, HYDERABAD. 2. M/S. LIMAK-SOMA J.V., 8-2-623/5/1/1, 14 AVENUE 4 , BANJARA HILLS, HYDERABAD. 3. THE ACIT, CIRCLE-6(1), 7TH FLOOR, 'D' BLOCK, I.T . TOWERS, MASAB TANK, HYDERABAD. 4. M/S. CSCHK-SOMA (JV), DR. NO. 8-2-623/1/1, 14, A VENUE 4, BANJARA HILLS, HYDERABAD. 5. M/S. SOMA-PATEL ASI (JV), DR. NO. 8-2-623/5/1/1, 14 AVENUE-4, BANJARA HILLS, HYDERABAD. 3. THE CIT(A)-IV, HYDERABAD 4 THE CIT-III, HYDERABAD 5. THE DR A BENCH, ITAT, HYDERABAD