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Income Tax Appellate Tribunal, HYDERABAD BENCH “B”, HYDERABAD
Before: SMT. P. MADHAVI DEVI & SHRI S. RIFAUR RAHMAN
IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH “B”, HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA No. 1665/Hyd/2017 Assessment Year: 2013-14 Dy. CIT, vs. M/s Kesineni Cargo Circle-2(1), Carrier Pvt Ltd., Hyderabad. Hyderabad.
PAN – AADCK9309G
(Applicant) (Respondent) Revenue by : Smt. N. Swapna Assessee by : Shri V. Raghavendra Rao
Date of hearing : 13-06-2018 Date of pronouncement : 22-06-2018 ORDER PER P. MADHAVI DEVI, J.M.: This is Revenue’s appeal for the A.Y 2013-14, against the order of the CIT(A)-2, Hyderabad, dated 30.06.2017.
Brief facts of the case are that the assessee company, engaged in the business of cargo carrier services, filed its return of income for the A.Y 2013-14 on 28.09.2013 admitting loss of Rs. 61,12,949. During the assessment proceedings u/s 143(3) of the IT Act, the A.O observed that the assessee has made belated payments of employee contribution towards PF and ESI, but while computing the
3 ITA.No. 1665/Hyd/2017 M/s Kesineni Cargo Carrier Pvt Ltd., Hyd. Courts which have following the decision of the Hon’ble Supreme Court in the case of the CIT Vs Alom Extrusions (supra), we find that CIT(A) has followed the Hon’ble Supreme Court judgment to allow the assessee’s appeal. Therefore, we see no reason to interfere with the order of the CIT(A) and the Revenue appeal is accordingly dismissed.
In the result the appeal filed by the Revenue is dismissed.
Pronounced in the open court on 22nd June, 2018.
Sd\- Sd/- (S. RIFAUR RAHMAN) (P. MADHAVI DEVI) ACCOUNTANT MEMBER JUDICIAL MEMBER
Hyderabad, Dated: 22nd June, 2018 KRK 1) M/s Kesineni Cargo Carrier Pvt Ltd., 201, Vasantha Classic, Behind Ginger Court, Madhapur, Hyderbad-81 2) Dy. CIT, Circle-2(1), Hyderabad. 3) CIT(A)-2, Hyderabad 4) Addl.CIT, Range-2, Hyderabad. 5) The Departmental Representative, I.T.A.T., Hyderabad. 6) Guard File.