Itta/355/2011 Of M/S. Vimta Labs Ltd v. Asst. Commissioner Of Income Tax

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD TUESDAY, THE EIGHTH DAY OF APRILTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA 355 & 352 0F 2011. INCOME TAX TRIBUNAL APPEAL Nos.324 INCOME TAX TRIBUNAL APPEAL NO: 324 OF 2011 lncome Tax Tribunal Appeal Under Section 2604 of the lncome Tax Act,1961against the Order dated 12-11-2010 passed in ITA No. 433lHYDl20O7 for theAssessment Year 2002-03 on the file of the lncome Tax Appellate Tribunal,Hyderabad Bench ['A', ]Hyderabad. Between: M/S. Vimta labs ltd. provisions of the Companies Act, ['1956, ]having its registeredOffice at Plot No. 142, IDA Phase-ll, Cherlapally, Hyderabad - 500 051 . rep by itsManaging Director, Dr. S.P. Vasi Reddi, R/o. Hyderabad. ...Appellant AND Assistant Commissioner of lncome Tax, HYD, Circle-3(3), Hyderabad. ...Respondent Counsel for the Appellant :Sri Ch Pushyam Kiran Counsel for the Respondent : Sri P Murali Krishna INCOME TAX TRIBUNAL APPEAL NO: 355 OF 2011 lncome Tax Tribunal Appeal Under Section 260,4 of the lncome Tax Act,'1961against the Order dated 12-11-2010 passed in ITA No.104/HYD/2007 for theAssessment Year 2004-05 on the file of the Income Tax Appellate Tribunal,Hyderabad Bench 'A', Hyderabad. Betureen: M/s. Vimta Labs Ltd., Provisions of the Companies Act, [1956, ][Having ][its]retgistered office at Plot No. 132, IDA Phase-ll, Cherlapally, [Hyderabad-S00 ][051.]Rep. by its Managing Director, Dr. S.P.Vasi Reddi, R/o. Hyderabad. ...Appellant AND Assistant Commissioner of lncome Tax, Circle-3(3), Hyderabad. ...Respondent Counsel for the Appellant :SRl CH PUSHYAM KIRAN Counsel for the Respondent : _ _ _ INCOME TAX TRIBUNAL APPEAL NO: 352 OF 2011 lncome Tax Tribunal Appeal Under Section 2604 of the Income Tax Act,1961against the Order dated 12-11-2010 [passed ]in ITA No.103/HYD/2007 for [the]Assessment Year 2003-04 on the file of the lncome Tax Appellate [Tribunal,]Hyderabad Bench ['A', ]Hyderabad. Between: M/s Vimta Labs Ltd., Registered Under the [provisions ]of the Companies Act,'1956 having its registred office at Plot No.132,lDA Phase-ll, Cherlapally,Hyderabad-S00 051. Rep. by its Managing Director, Dr. S P Vasi Reddi, R/oHyderabad. ...Appellant AND Assistant Commissioner of Income Tax, HYD, Circle-3(3), Hyderabad ... Respondent Counsel for the Appellant :SRl CH PUSHYAM KIRAN Counsel for the Respondent : _ _ _The Court delivered the following: COMMON JUDGMENT THE HON'BLE SRI JUSTICE P.SAM KOSHYAND THE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDAI.T.T.A.Nos.324.35s & 352 ()F 2011 COMMON JUDGMENT| (per Hon'ble Si Justice P.Sam Koshg) Today, when the matter is taken up .for hearing, the learnedcounsel for the appellant submits that the issue raised in theseappeals are arready been settled under the vivad se vishwas Schemeand the appellants do not intend 'to press these appeals any further,therefore, prays for withdrawal ofthese appeals.2. As prayed for, these appeals stand dismissed as withdrawn.and the appellants do not intend 'to press these appeals any further,therefore, prays for withdrawal ofthese appeals.2. As prayed for, these appeals stand dismissed as withdrawn. As a sequel, miscellaneous applications pending if any, shallstand closed. SD/. M. RAMANA OINT REGISTRARECTION OFFICER //TRUE COPY// To, '1 . The lncome Tax Appellate Tribunal, Hyderabad [Bench ]['A" ][Hyderabad] Z Oi.CC to [Sri ][Ch ][Fushyam ][Kiran, ][Advocate ] 5. o;" CC to [Sri P Murali ][krishna, ][Advocate 4. Two CD [CoPies] ADK/gh W tI iiII ! I I HIGH COURT DATED:0810412025 1f,E [SrAl]€(+co2 [g]IlJt2ffiCtl-\ .-:- _,/,:, o'jIjnr',/ COMMON JUDGMEDNTlTTA.Nos.324 ,355 & [352 ]ot [2011] DISMISSING ALL L1?'L>