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

MA 89/Hyd/2022

AI Insights

In this case, Concord Drugs Limited, the respondent, initially filed a Miscellaneous Application with the Income Tax Appellate Tribunal, Hyderabad, seeking rectification of certain mistakes in the Tribunal's order dated 29.11.2021. However, during the hearing, the assessee decided to withdraw the application, as indicated by a signed request submitted to the Tribunal. The Tribunal, upon receiving the withdrawal request and noting the absence of any objection from the Revenue's side, accepted the withdrawal and dismissed the application accordingly. This led to the dismissal of the Revenue's corresponding application as well.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 133196 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 2 month(s) 21 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 17-08-2023
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 17-08-2023
• Assessment Year: 2014-2015
• Appeal Filed On: 26-05-2022
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

आयकर अपीलीय अधिकरण, हैदराबाद पीठ में IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “B” , HYDERABAD BEFORE SHRI R.K. PANDA, VICE PRESIDENT AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER M.A. No.89/Hyd/2022 in ITA 1044/Hyd/2018 Assessment Year: 2014-15 Deputy Commissioner of Income Tax, Circle 1(2), Hyderabad. Vs. Concord Drugs Limited, 3-11-1/1, L.B. Nagar, Hyderabad – 500 074. PAN : AAACC8171D. (Respondent / Appellant) (Applicant / Respondent) Assessee by: Sri P. Murali Mohan Rao, C.A. Revenue by: Ms. Sheetal Sarin. Sr. A.R. Date of hearing: 18.08.2023 Date of pronouncement: 18.08.2023 आदेश / O R D E R PER R.K. PANDA, VICE PRESIDENT: The assessee through this Miscellaneous Application has requested the Tribunal to rectify certain mistakes that have crept in the order of the Tribunal dt.29.11.2021. 2. The learned counsel for the assessee at the time of hearing filed an application duly signed by the assessee requesting the Tribunal to allow the withdrawal of the Miscellaneous Application filed by the assessee. In absence of any objection from the side of ld.DR, the request of the assessee seeking permission to withdraw Concord Drugs Limited. Page 2 of 2 the Miscellaneous Application is accepted. The Miscellaneous Application filed by the assessee is accordingly dismissed as “withdrawn”. 3. In the result, the Miscellaneous Application filed by the Revenue is dismissed. Pronounced in the open Court at the time of hearing itself i.e., on 18 th August, 2023. Sd/- Sd/- (K. NARASIMHA CHARY) JUDICIAL MEMBER (RAMA KANTA PANDA) VICE PRESIDENT Hyderabad, dated 18 th August, 2023 TYNM / SPS Copy to: S.No Addresses 1 Concord Drugs Limited, 3-11-1/1, Shiva Ganga Colony, L.B. Nagar, Hyderabad – 500 074. 2 Deputy Commissioner of Income Tax, Circle 1(2), Hyderabad. 3 PR.CIT – 1, Hyderabad. 4 DR, ITAT Hyderabad Benches 5 Guard File By Order