2014 (5) TMI 741

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....Subbaraoji ORDER Per Smt. Asha Vijayaraghavan, Judicial Member: These two appeals by the Revenue are directed against the common order of the Commissioner of Income-tax(Appeals) IV, Hyderabad dated 20.9.2013, for the assessment years 2008-09 and 2009-10. Since a common issue is involved, these appeals were heard together and are being disposed of with this common order for the sake of conveni....

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....ment years 2002-03 to 2006-07, in ITA No.376 to 381/Hyd/2010, and the impugned order of the CIT(A) is in consonance with the said decision of the Tribunal only. We find that the CIT(A) vide paras 4 to 7 of the impugned order, referred to the decision of the Tribunal in assessee's own cases for earlier years noted above, duly extracting relevant portion thereof, has held as follows- "4. Int eh cou....

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....that, due to the G.O's issued by the State Government from time-to-time for one time settlement of dues or waiver of interest, the Assessee Corporation has not collected any interest from the beneficiaries and also the principal amount in several cases. However, it is fact that some amounts are recovered from the beneficiaries and the same are shown as 'recoveries from the beneficiaries' in the Ba....

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.... to treat the said interest receipts as the income of the assessee Corporation in the respective assessment years. Accordingly, the ground raised by the assessee is partly allowed as indicated above." 5. The AR also submitted that the Assessing Officer had made the necessary enquiries for the AYs covered by the ITAT order and since the appellant had been unable to submit the information for 23 di....