Income Tax Officer, Ward-17(4), Hyderabad V. Vision Venture Private Limited , Hyderabad

MA 3/Hyd/2020

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 5373 (ITAT-HYDERABAD)
• Duration Of Justice: 20 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 18-02-2020
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: DB-B
• Assessment Year: 2014-2015
• Appeal Filed On: 29-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUNIL KUMAR PANDEY
• Assessee Lawyers: N O N E
• Keywords: Tax effect

Judgement Text

MA NO 3 OF 2020 VISION VENTURES P LTD HYDERABAD. PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER MA NO.3/HYD/2020 (ARISING OUT OF ITA NO.782/HYD/2019) ASSESSMENT YEAR: 2014-15 INCOME TAX OFFICER WARD 17(4), HYDERABAD VS. VISION VENTURES (P) LTD HYDERABAD PAN:AABCV9519K (APPELLANT) (RESPONDENT) REVENUE BY: SRI SUNIL KUMAR PANDEY, DR ASSESSEE BY : N O N E DATE OF HEARING: 31/01/2020 DATE OF PRONOUNCEMENT: 18/02/2020 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 26 TH AUGUST, 2019 IN ITA NO.782/HYD/2019 WHICH WAS DISMISSED ON ACCOUNT OF TAX EFFECT WITH THE LIBERTY TO THE REVENUE TO SEEK RECALL OF T HE ORDER IF THE APPEAL FALLS WITHIN THE EXCEPTIONS MENTIONED IN THE CIRCULAR NO.17 OF 2019 DATED 9 TH AUGUST, 2019. IT IS SUBMITTED THAT AFTER VERIFICATION IT WAS FOUND THAT THE ORDER WAS PASSED IN THIS CASE BY THE RAP AND THE CASE FALLS UNDER THE EXCEPTIONS MEN TIONED IN PARA NO.10(C) OF THE CBDT CIRCULAR NO.3 OF 2018 DAT ED 11.07.2018. THEREFORE, IT WAS PRAYED TO RECALL THE ORDER OF THE TRIBUNAL. MA NO 3 OF 2020 VISION VENTURES P LTD HYDERABAD. PAGE 2 OF 2 2. NONE APPEARED FOR THE ASSESSEE. 3. SINCE THIS CASE FALLS WITHIN ONE OF THE THE EXCE PTIONS MENTIONED IN PARA NO.10(C) OF THE CBDT CIRCULAR NO. 3 OF 2018 DATED 11.7.2018, THE APPEAL OF THE REVENUE IS RECAL LED AND THE MATTER IS POSTED FOR HEARING ON 16.07.2020. MA IS A CCORDINGLY ALLOWED. 4. IN THE RESULT, M.A. FILED BY THE REVENUE IS ALLO WED. ORDER PRONOUNCED IN THE OPEN COURT ON 18 TH FEBRUARY, 2020. SD/- SD/- (A. MOHAN ALANKAMONY) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 18 TH FEBRUARY, 2020. VINODAN/SPS COPY TO: 1 ITO WARD 17(4) 9 TH FLOOR, SIGNATURE TOWERS, KONDAPUR, HYDERABAD 500084 2 M/S. VISION VENTURES (P) LTD, 8-3-214/54/1A/6 MAD HURA NAGAR, SR NAGAR, HYDERABAD 500034 3 CIT (A)-5 HYDERABAD 4 PR. CIT 5 HYDERABAD 5 THE DR, ITAT HYDERABAD 6 GUARD FILE BY ORDER