Itta/12/2024 Of M/S. Bhaskara Enterprises v. Deputy Commissioner Of Income Tax

IN THE HIGH COURT AT HYDERABAD FRIDAY, THE TWENTIETH TWO THOUSAND AND TWENTY PRESENT THE HON'BLE SRI JUSTICE ANDTHE HON'BLE SRI JUSTICE INCOME TAX TRIBUNAL [No:12 ][of ][2024] lncome tax Tribunal Appeal under [Section ][260-4 ][of ][the ][lncome ][tax ][Act, ][1961 ][,]against the order of the [lncome ][Tax ][Appellate Tribunal, ][Hyderabad ][in ] [No.]1512tHydt2019 for AssessmentYear [2013-14 ], [daled ][22-09-2023 ][preferred against]the order of the commissioner [of lncome Tax (Appeals)-7, ][Hyderabad ][dated ]['13-04-]2018 in Appeal No.0105/ClT(A)-7t2017-18, [preferred against ][the ][order ][of ][the]Assistant Commissioner of lncome [Tax, ][Circle ][-15 ][(1) ], [Hyderabad dated ][29-09-]2017 Between: M/s. Bhaskara Enterprises, D.No.2-17-18lC, [Plot No.9, ][Dha-rmapuri ][Colony, Near]Sii ai5a Temple, Uipal, [Hyderabad -500039. ][Rep , ][by ][its Managing Partner, ][Sri]P Srinivas Prasad, S/o. Sri P. [Bhaskar ][Rao] ...APPellant AND Deputy Commissioner of [lncome Tax, ][Circle ][-15(1), ][l.T ][Towers, ][Masabtank,]Hyderabad -500004. ...Respondent Counsel for the Appellant: [A.V' ] Counsel for the Respondent: [Sri J.V. Prasad, Senior ][Standing ][Counsel ][for]lncome-Tax The Court delivered the [following: ] I i ilLC THE HONOURABLE SRI JUSTICE SUJOY PAUL AND THE IIONOURABLE SRI JUSTICE NAMAVARAPU RAJESHWAR RAO ITTA No.1 2of 2o24 .IUDGMENT (per Hon'ble Sp,J) Sri A.V.Raghu Ram, learned counsel, appears for theappellant. 2. Learned counsel for the appellant submits that noadjudication is required in this appeal because under the scheme" Dlrect Tax Vlaad Se Vishutad,, the disputes are settled betweenthe parties. Accordingly, this appeal is dismissed as withdrawn. Noco sts.co sts. Interlocutory applications, if any pending, shall also standclosed. Sd/- A.V.S.S.C.S.M. SARMAJOINT REGISTRAR //TRUE COPY// SECTION OFFICER To, 1. The lncome Tax Appellate Tribunal, Hyderabad 2. The Commissioner of lncome Tax (Appeals)-7, Hyderabad 3. The Assistant Commissioner of lncome Tax, Circle -15 (1) , Hyderabad 4. One CC to SRI A.V. RAGHU RAM, Advocate [OpUC] 5. Sri J.V. Prasad, Senior Standing Counsel for lncome-Taxtopucl. 6. Two CD Copies Karn/gh HIGH COURT DATED:2010912024 JUDGMENTlTTA.No.12 of 2024 THIS APPEAL ISDISMISSEDAS WITHDRAWN 0clt-t1)azr\to lHE Sr4(,.(noo03[ntt]MEz.q.I tII