Dy. Commissioner of Income Tax , Circle-1(2), Hyderabad V. Concerd Drugs Limited, Hyderabad

MA 41/Hyd/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 8942 (ITAT-HYDERABAD)
• Duration Of Justice: 6 month(s) 6 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 23-03-2021
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: DB-A
• Next Hearing Date: 19-03-2021
• Assessment Year: 2014-2015
• Appeal Filed On: 16-09-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUNIL KUMAR PANDEY
• Assessee Lawyers: P MURALI MOHAN RAO
• Section: 254(2)

Judgement Text

MA NO 41 OF 2020 CONCORD DRUGS LTD HYDERABAD 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 LAXMI PRASAD SAHU, ACCOUNTANT MEMBER M.A. NO.41/HYD/2020 (ARISING OUT OF ITA NO.901/HYD/2018) ASSESSMENT YEAR: 2014-15 DY. CIT CIRCLE 1(2) HYDERABAD VS. CONCORD DRUGS LTD HYDERABAD PAN:AAACS8171D (APPELLANT) (RESPONDENT) REVENUE BY: SRI SUNIL KUMAR PANDEY, DR ASSESSEE BY : SRI P. MURALI MOHAN RAO DATE OF HEARING: 19/03/2021 DATE OF PRONOUNCEMENT: 23/03/2021 ORDER PER SMT. P. MADHAVI DEVI, J.M. THIS M.A IS FILED BY THE DEPARTMENT U/S 254(2) OF T HE ACT AND IS FILED BEYOND THE TIME LIMIT PRESCRIBED U /S 254(2) OF THE I.T ACT. WE FIND THAT THE TRIBUNALS ORDER IS DATE D 4 TH OCTOBER, 2019 WHEREAS THE M.A HAS BEEN FILED BY THE DEPARTME NT ON 1.9.2020. THEREFORE, THIS M.A IS CLEARLY BEYOND THE TIME LIMIT PRESCRIBED U/S 254(2) OF THE ACT I.E. SIX MONTHS FR OM THE DATE OF THE ORDER. M.A IS ACCORDINGLY DISMISSED. 2. IN THE RESULT, M.A. FILED BY THE DEPARTMENT IS DISMISSED. MA NO 41 OF 2020 CONCORD DRUGS LTD HYDERABAD PAGE 2 OF 2 ORDER PRONOUNCED IN THE OPEN COURT ON 23 RD MARCH, 2021. SD/- SD/- (LAXMI PRASAD SAHU) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 23 RD MARCH, 2021. VINODAN/SPS COPY TO: 1 DY. CIT, CIRCLE 1(2) HYDERABAD 2 M/S.CONCORD DRUGS LTD C/O P MUARLI & CO. C.A 6-3- 655/2/3 1 ST FLOOR, SOMAJIGUDA, HYDERABAD 500082 3 CIT (A)-1 HYDERABAD 4 PR. CIT 1 HYDERABAD 5 THE DR, ITAT HYDERABAD 6 GUARD FILE BY ORDER