2016 (9) TMI 1603

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....ri C. Subrahmanyam, AR ORDER PER V. DURGA RAO, Judicial Member: This appeal filed by the revenue is directed against the order of CIT(A), Vijayawada dated 18.8.2014 for the assessment year 2010-11. 2. Facts are in brief that the assessee is a Limited company, filed its return of income by declaring total income of Rs. 86,95,11,808/-.  The assessee's case is taken up for scrutiny a....

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....l is covered by the decision of the Tribunal in the assessee's own case. The Ld. CIT(A) by following the assessee's own case for the assessment years 2001-02 to 2006-07 in ITA Nos.135/V/2005, 503/V/2006, 340, 572 & 638/V/2008 & 182/V/2005 vide order dated 28.7.2010. The Ld. CIT(A) by considering the submissions made by the assessee directed the A.O. to delete the addition by following the assessee....

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....n nature in this expenditure and the assessing authority is bound to follow the orders of the Hon'ble Special Bench of the ITAT and the Visakhapatnam Bench of ITAT. The appellant's AR has filed copies of Tribunal Orders and CIT(A) Orders passed for earlier years in its own case. 5. On careful consideration, I find that the issue involved in the present appeal is similar to the iss....

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....d the order of the lower authorities and we find that the impugned issue has been adjudicated by the Tribunal following the order of the Special Bench of the Income Tax Appellate Tribunal and allowed the claim of liquidated damages. This order of the Tribunal was followed by the CIT(A) while adjudicating the impugned issue. We, therefore, find no infirmity in the order of the CIT(A) as he was boun....