J K Steel Corporation, Secunderabad Dy. Commissioner of Income Tax , Circle-10(1), Hyderabad

IN THE INCOME TAX APPELLATE TRIBUNAL
HYDERABAD BENCHES “A” : HYDERABAD

BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER
AND

SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER

I.T.A. No. 2347/HYD/2018
Assessment Year: 2012-13

M/s.J.K.Steel Corporation,
SECUNDERABAD
[PAN: AACFJ0252F]
(Appellant) 

Vs

ACIT, Circle-10(1),
HYDERABAD
(Respondent)

For Assessee : Shri A.V.Raghuram, AR
For Revenue : Shri Sunil Kumar Pandey, DR

Date of Hearing : 24-02-2021
Date of Pronouncement : 27-04-2021

O R D E R

PER S.S.GODARA, J.M. :

This assessee’s appeal for AY.2012-13 arises from the CIT(A)-6, Hyderabad’s order dated 12-11-2018 passed in case No.10018/2018-19/A3/CIT(A)-6, in proceedings u/s.154 of the Income Tax Act, 1961 [in short, ‘the Act’]. Heard both the parties. Case file perused.

2. At the outset, learned counsel submits not to press for the assessee’s sole substantive grievance in proceedings u/s.154 of the Act subject to the condition that the CIT(A)’s lower appellate findings under challenge don’t debar it from taking recourse to appropriate remedial action as per law.The Revenue is equally fair in not opposing the foregoing plea.

3. This assessee’s appeal is dismissed as withdrawn in foregoing terms.

Order pronounced in the open court on 27th April, 2021

 Sd/-                                                                  Sd/-
 (LAXMI PRASAD SAHU)                               (S.S.GODARA)
 ACCOUNTANT MEMBER                              JUDICIAL MEMBER
Hyderabad,
Dated: 27-04-2021 

Copy to :
1.M/s.J.K.Steel Corporation, C/o.Flat No.610, Babukhan
Estate, Basheerbagh, Hyderabad.
2.The ACIT, Circle-10(1), Hyderabad.
3.The CIT(A)-6, Hyderabad.
4.The Pr.CIT(A)-6, Hyderabad.
5.D.R. ITAT, Hyderabad.
6.Guard File.