Dharmavaram Co-operative Town Bank Limited, Ananthapur Asst. Commissioner of Income Tax, Circle-1, Ananthapur

Last updated: 24 February 2021

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The Dharmavaram Cooperative Town Bank's appeal for the 2013-14 assessment year has been dismissed as withdrawn. This decision follows the bank receiving favourable relief from the first appellate authority. As a result, the bank no longer has any outstanding grievances regarding this matter.

Court :
ITAT Hyderabad

Brief :
This is assessee’s appeal for the A.Y 2013-14 against the order of the CIT (A)-Kurnool, dated 20.03.2018 u/s 263 of the I.T. Act.

Citation :
ITA 1240/Hyd/2018

IN THE INCOME TAX APPELLATE TRIBUNAL
Hyderabad ‘ B ‘ Bench, Hyderabad
(Through Video Conferencing)

Before Smt. P. Madhavi Devi, Judicial Member
AND
Shri A. Mohan Alankamony, Accountant Member

ITA No.1240/Hyd/2018
Assessment Year: 2013-14

Dharmavaram Cooperative
Town Bank Ltd, Anantapur
PAN:AAABT2487J
(Appellant)

Vs.

Asstt. Commissioner of
Income Tax, Circle 1
Anantapur
(Respondent)

Assessee by: Sri K.A. Sai Prasad
Revenue by: Sri V.V.S.T. Sai, CIT(DR)
Date of hearing: 03/02/2021
Date of pronouncement: 03/02/2021

ORDER

Per Smt. P. Madhavi Devi, J.M.

This is assessee’s appeal for the A.Y 2013-14 against the order of the CIT (A)-Kurnool, dated 20.03.2018 u/s 263 of the I.T. Act.

2. When the matter came up for hearing, the learned Counsel for the assessee filed an application stating that in the appeal against the consequential order passed by the AO u/s 143(3) r.w.s. 263 of the I.T. Act, the first appellate authority allowed the assessee’s appeal and therefore, sought permission to withdraw this appeal before us.

3. Taking the above contentions of the assessee into consideration, the appeal of the assessee is dismissed as withdrawn as the assessee has got the relief in the order passed by the first appellate authority i.e. the CIT (A) in the appeal filed against the consequential order u/s 143(3) r.w.s. 263 of the I.T. Act and the assessee has no further grievance in the matter.

4. In the result, assessee’s appeal is dismissed.

Order pronounced in the Open Court on 3rd February, 2021.

Sd/- Sd/-
(A. MOHAN ALANKAMONY) (P. MADHAVI DEVI)
ACCOUNTANT MEMBER JUDICIAL MEMBER

Hyderabad, dated 3rd February, 2021.
Vinodan/sps

Copy to:
1 The Dharmavaram Coop. Town Bank Ltd, C/o Ch. Parthasarathy
& Co. 1-1-298/2/B/3, 1st Floor, Sowbhagya Avenue, St. No.1,
Ashoknagar, Hyderabad 500020
2 ACIT Circle -1, 3rd Road, Opp: Sai Baba Temple, Anantapur
3 CIT (A)-Kurnool
4 Pr. CIT - Kurnool
5 The DR, ITAT Hyderabad
6 Guard File

By Order

FAQ :

The appeal concerned the Dharmavaram Cooperative Town Bank Limited for the assessment year 2013-14.

The appeal was dismissed as withdrawn because the assessee (Dharmavaram Cooperative Town Bank) received relief from the first appellate authority (CIT(A)-Kurnool) in an appeal against a consequential order.

The case involved the Dharmavaram Cooperative Town Bank Limited (Appellant) and the Assistant Commissioner of Income Tax, Circle-1, Anantapur (Respondent).

The bank's appeal was dismissed as withdrawn, meaning they obtained the necessary relief and had no further grievances.