M/s. Sravana Biotech Pvt.Ltd.,, Hyderabad v. ITO, (OSD)-3,, Hyderabad

ITA 276/HYD/2011 | 2007-2008
Pronouncement Date: 09-09-2011 | Result: Allowed

Appeal Details

RSA Number 27622514 RSA 2011
Assessee PAN AABCV6781D
Bench Hyderabad
Appeal Number ITA 276/HYD/2011
Duration Of Justice 6 month(s) 16 day(s)
Appellant M/s. Sravana Biotech Pvt.Ltd.,, Hyderabad
Respondent ITO, (OSD)-3,, Hyderabad
Appeal Type Income Tax Appeal
Pronouncement Date 09-09-2011
Appeal Filed By Assessee
Order Result Allowed
Bench Allotted B
Tribunal Order Date 09-09-2011
Assessment Year 2007-2008
Appeal Filed On 22-02-2011
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH HYDERABAD BEFORE SHRI G.C. GUPTA VICE PRESIDENT AND SHRI CHANDRA POOJARI ACCOUNTANT MEMBER ITA NO. 6/HYD/2011 (ASSESSMENT YEAR 2007-08) M/S. VAMSADHARA AGRO PVT. LTD. HYDERABAD PAN: AABCV6781D VS WEALTH TAX OFFICER (OSD)-3 CENTRAL RANGE-1 HYDERABAD APPELLANT RESPONDENT APPELLANT BY: SHRI K.C. DEVDAS RESPONDENT BY: SHRI B.V. PRASAD REDDY ITA NO. 304/HYD/2011 (ASSESSMENT YEAR 2007-08) M/S. HASTHA AGRO-TECH PVT. LTD. HYDERABAD PAN: AABCH2674M VS ASST. CIT CENTRAL CIRCLE-1 HYDERABAD APPELLANT RESPONDENT APPELLANT BY: SHRI K.C. DEVDAS RESPONDENT BY: SHRI Y.V.S.T. SAI ITA NO. 276/HYD/2011 (ASSESSMENT YEAR 2007-08) M/S. SRAVANA BIOTECH PVT. LTD. HYDERABAD. PAN: AAHCS1680E VS INCOME-TAX OFFICER (OSD)-3 CENTRAL RANGE-1 HYDERABAD APPELLANT RESPONDENT APPELLANT BY: SHRI K.C. DEVDAS RESPONDENT BY: SHRI T. VENKAT REDDY DATE OF HEARING: 30.08.2011 DATE OF PRONOUNCEMENT: 09.09.2011 ORDER PER CHANDRA POOJARI A.M. THE ABOVE THREE APPEALS BY DIFFERENT ASSESSEE S ARE DIRECTED AGAINST THE ORDERS OF THE CWT(A)-VII AND CIT(A)-VII HYDERABAD I.T.A. NOS. 6 304 & 276/HYD/2011 M/S. VAMSADHARA AGRO PVT. LTD. & ORS. ============================ 2 DATED 11.1.2011 29.11.2010 AND 13.1.2001 RESPECTI VELY. ALL THE THREE APPEALS WERE HEARD TOGETHER AND ARE BEING DIS POSED OF BY THIS COMMON ORDER. 2. AT THE TIME OF HEARING THE LEARNED COUNSEL FOR T HE ASSESSEE SUBMITTED THAT THE ASSESSEES WERE NOT IN A POSITION TO PRODUCE THE REQUIRED DOCUMENT BEFORE THE LOWER AUTHORITIES AT T HE TIME OF PROCEEDINGS BEFORE THEM. NOW THE ASSESSEES POSSESS THE REQUIRED DOCUMENT. THE LEARNED COUNSEL FOR THE ASS ESSEE SUBMITTED PRAYED THAT ONE MORE OPPORTUNITY MAY BE G IVEN TO ARGUE THE CASES. 3. WE HAVE HEARD BOTH THE SIDES. WE ACCEDE TO THE REQUEST OF THE ASSESSEES' COUNSEL AND ACCORDINGLY SET ASIDE TH E ORDERS OF THE CIT(A) AND RESTORE THE MATTERS TO THE FILE OF THE R ESPECTIVE ASSESSING OFFICERS FOR FRESH CONSIDERATION IN THE L IGHT OF THE DOCUMENTS TO BE PRODUCED BY THE ASSESSEES WITH A DI RECTION TO THE ASSESSEES TO PRODUCE NECESSARY DOCUMENTS BEFORE THE ASSESSING OFFICER DURING THE PROCEEDINGS BEFORE HIM. 4. IN THE RESULT ALL THE THREE APPEALS OF THE ASSE SSEES ARE ALLOWED FOR STATISTICAL PURPOSES. ORDER PRONOUNCED IN THE OPEN COURT ON 9 TH SEPTEMBER 2011. SD/- (G.C. GUPTA) VICE PRESIDENT SD/- (CHANDRA POOJARI) ACCOUNTANT MEMBER HYDERABAD DATED THE 9 TH SEPTEMBER 2011 TPRAO I.T.A. NOS. 6 304 & 276/HYD/2011 M/S. VAMSADHARA AGRO PVT. LTD. & ORS. ============================ 3 COPY FORWARDED TO: 1. M/S. VAMSADHARA AGRO PVT. LTD. PLOT NO. 80 ROA D NO. 9 JUBILEE HILLS HYDERABAD-500 033. 2. M/S. HASTHA AGRO-TECH PVT. LTD. PLOT NO. 80 RO AD NO. 9 JUBILEE HILLS HYDERABAD-500 033. 3. M/S. SRAVANA BIOTECH PVT. LTD. PLOT NO. 80 ROA D NO. 9 JUBILEE HILLS HYDERABAD-500 033. 4. THE WEALTH TAX OFFICER (OSD)-3 CENTRAL RANGE-1 HYDERABAD. 5. THE ASST. CIT CENTRAL CIRCLE-1 HYDERABAD. 6. THE INCOME-TAX OFFICER (OSD)-3 CENTRAL RANGE-1 HYDERABAD. 7. THE CWT(A)-VII HYDERABAD. 8. THE CIT(A)-VII HYDERABAD. 9. THE CIT (CENTRAL) HYDERABAD. 10. THE DR B-BENCH ITAT HYDERABAD.