Itta/156/2008 Of M/S.lanco Infratech Ltd v. The Asst.commissioner Of Income Tax

II I I I I I I [ [34181] ]N THE HIGH AT HYDERABAD THURSDAY, TWO THOUSAND PRESENT THE HON'B [ ALOK][ ARADHE]ANDTHE HO[N'BLE ] [J][USridE ][J. ] INCOME [LNo][: ][156 ][of ][2008] lncome Tax Tribunal [Appeal ][Under Section ][2604 ][of ][the lncome ][Tax Act'1961]the [Order ][dated ][30-11-2007 ][passed ][in ] [No ][377lHydl2O07 ][for ][lhe]against Assessrnent [Year ][2003-2004 ][on the file ][of ][the ][lncome ][Tax ][Appellate ][Tribunal']Hyderabad [Bench ]['B', ][Hyderabad preferred ][against ][the ][Order ][dated ][12-01-2007]passedinlTANo.053/ACIT-16(1)rclT(A)-vl2oo6-oTonthefileoftheCommissionerof lncome [Tax ][(Appeals)-V, ][Hyderabad preferred ][against ][the ][Order]dated 31-03-2006 [passed ][in ][P.A ] [/ ] [R'No ] [- ][27 on the file of the ][Assistant]Commissioner [of ][lncome Tax, Circle ]- [16(1)' ][Hyderabad] Between: M/s.Lanco lnfratech [Ltd ], [14'1, ][Avenue ][8 ][Road-No ][^..Baniara Hills' ][Hyderabad']presenflv. ptot No.4, Sottware LjilGLt;ri. [iITEC ][City Madhapur, ][Hyderabad-]81 rep bi its [Sr. ][Vice ][Pres'rlent.] ...APPELLANT AND The Assistant [Commissioner ][of ][lncome ][Tax' Circle ][16(1)' Aayakar Bhavan']Basheer Bagh, [HYderabad.] ...RESPONDENT l.A. NO:2 oF [2008(ITTAMP.][ NO: ][218 OF 2008)] PetitionunderSection,l5lCPcprayingthatinthecircumstancesstatedinthe affidavit filed [in ][support ][oilh" ][p"tiiion' ]16."^ l'^Sli*rt [may be pleased ][stay]the operation of [the ][Rssessm"eni ][Jrier ][uatea ][13-03 2006 ][passed ][by the Assistant]Commissioner [of ][lncome ][fax, ][Clrcte ][16 ][(1)' ][Hyderabad ][for ][the ][assessment year]2oo3-2oo4as confirmed [ovinliinii" ][lrA ][No 377lHvd/2007 dated 3o-11-2oo7'] Counsel for the Appellant: irlr. Deepak Chowdary 9*l:_"] [for the Respondent: ][Mr. J.V. ][prasad, Senior ]Standing Counset FORINCOME TAX The Court delivered the following: JUDGMENT TIIE HON'BLE TIM CHIEF JUSTICE ALOK ARADIMANDTHE HON'BLE SRI JUSTICE J. SREENIVAS RAO I.T.T.A. No. 156 of 2008 JIIDGMENT: (per the Hon'ble the Chief Justice Atok Aradhe) Mr. Deepak Chowdary, learned counsel appears for the appellant. Mr. J.V. Prasad, learned Senior Standing Counsel forIncome-tax appea$ for the respondent/Revenue. 2. lrarned counsel for the appellant submits rhat the cause in the appeal does not survive for consideration. 3. [n view of aforesaid submission, the appeat is dismissedas infiuctuous. Miscellaneous applications, if any pending, shafl stand closed. There shall be no order as to costs. sdf-[A.v.s.s.][C.S.M. SARMA]GISTRAR }T GISTRAR,ITRUE [COPY"] To,1The lncome [Tax Appellate ][Tribunal' ][Hyderabad Bench ]['8" ][Hyderabad] 12The Commissioner [of lncome Tax ][(Appeals)-V' ][Hyderabad]3The Assistant [Commissioner ][of lncome ][Tax' ][Circle ][- ][16(1)' ][Aayakar ][Bhavan']Basheerbagh, [HYderabad'] ,/ / 4. One CC to tv! r Deepak Chowdary, Advocate tOpUCl 5 one cc to Mr J.V. prasad, sENroR .TANDTNG couNSEL FoR rNcoMETAX IOPUCITAX IOPUCI 6 Two CD Copies kam/gh F!- -1I HIGH COURT DATED:2/0112025 JUDGMENT ITTA.No.156 of 2008 THE APPEAL ISDISMISSED ASINFRUCTUOUS .da€H-_fi({a5 { 1HE r€(o(r\I\|Iacailil ffibI.)2{ )c j*t4*+€,C: