Efftronics Systems Private Limited, Vijayawada V. Assistant Commissioner of income Tax, Circle-2(1), Vijayawada

CO 122/VIZ/2018

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 7805 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 1 month(s) 15 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 11-01-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2014-2015
• Appeal Filed On: 26-11-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: V APPALA RAJU
• Keywords: Tax effect

Judgement Text

ITA NO. 382 /V IZ /201 8 & CO NO. 122 /V IZ /201 8 ( M/S. EFFTRONICS SYSTEMS PVT. LTD. ) 1 IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM BEFORE SHRI V. DURGA RAO, HONBLE JUDICIAL MEMBER & SHRI D.S. SUNDER SINGH, HONBLE ACCOUNTANT MEMBER I . T .A.NO. 382 /VIZ / 2018 ( ASSESSMENT YEAR: 20 1 4 - 1 5 ) A CIT, CIRCLE - 2 (1) VIJAYAWADA . VS. M/S. EFFTRONICS SYSTEMS PVT. LTD., D.NO. 40 - 15 - 9, BRINDAVAN COLONY, LABBIPET, VIJAYAWADA. [PAN: AAACE 4879 Q ] (APPELLANT) (RESPONDENT) C.O. NO. 122 /V IZ/2018 (ARISING OUT OF I.T.A.NO. 382 /V IZ /201 8 ) (ASSESSMENT YEAR: 20 1 4 - 1 5 ) M/S. EFFTRONICS SYSTEMS PVT. LTD., D.NO. 40 - 15 - 9, BRINDAVAN COLONY, LABBIPET, VIJAYAWADA. VS. A CIT, CIRCLE - 2 (1) VIJAYAWADA . [PAN: AAA CE 4879 Q ] ( APPLICANT ) (RESPONDENT) ASSESSEE BY : SHRI C. SUBRAHMANYAM FC A DEPARTMENT BY : SHRI V. APPALA RA JU SR. DR D ATE OF HEARING : 02 . 0 1 .201 9 DATE OF P RONOUNCEMENT : 11 . 01 .201 9 O R D E R PER V. DURGA RAO, JUDICIAL MEMBER : THIS IS AN APPEAL FILED BY THE REVENUE AND THE CROSS OBJECTION FILED BY THE A SSESSEE AGAINST THE ORDER OF THE LD. CIT(A), VIJAYAWADA, DATED 11 .0 5 .201 8 FOR THE ASSESSMENT YEAR 2014 - 1 5 . ITA NO. 382 /V IZ /201 8 & CO NO. 122 /V IZ /201 8 ( M/S. EFFTRONICS SYSTEMS PVT. LTD. ) 2 2. WHEN THIS APPEA L IS TAKEN UP FOR HEARING, THE LD . AUTHORISED REPRESENTATIVE FOR THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT INVOLVED IN THIS APP EAL IS BELOW RS.2 0 LAKHS. AS PER THE CBDT CIRCULAR NO. 03 /201 8 , DATED 11.07 .201 8 BEING RETROSPECTIVE IN NATURE, THE APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE. THE LD.D.R. HAS NOT RAISED ANY OBJECTION. IN VIEW OF THE ABOVE, THE APPEAL FILED BY THE R EVENUE IS NOT MAINTAINABLE. HENCE, THE SAME IS DISMISSED. 3. THE CROSS OBJECTION FILED BY THE ASSESSEE IS IN SUPPORT OF THE ORDER OF LD. CIT(A), HENCE, THE SAME HAS BECOME INFRUCTUOUS IS DISMISSED ACCORDINGLY . 4. IN THE RESULT, THE APPEAL FILED BY THE REV ENUE AND THE CROSS OBJECTION FILED BY THE ASSESSEE ARE DISMISSED . O RDER PRONOUNCED IN THE OPEN COURT ON 11 TH JANUARY, 2019 . S D/ - SD/ - ( D.S. SUNDER SINGH ) ( V. DURGA RAO) ACCOUNTANT MEMBER JUDICIAL MEMBER VISAKHAPATNAM: DATED : 11 / 0 1/ 201 9 VR / - ITA NO. 382 /V IZ /201 8 & CO NO. 122 /V IZ /201 8 ( M/S. EFFTRONICS SYSTEMS PVT. LTD. ) 3 COPY OF THE ORDER FORWARDED TO : - 1. THE ASSESSEE M/S. EFFTRONICS SYSTEMS PVT. LTD., D.NO. 40 - 15 - 9, BRINDAVAN COLONY, LABBIPET, VIJAYAWADA. 2. THE REV ENUE A CIT, CIRCLE - 2 (1), VIJAYAWADA . 3. THE PR. CIT, VIJAYAWADA . 4 . THE CIT(A) , VIJAYAWADA . 5 . DR, ITAT, VISAKHAPATNAM 6 . GUARD FILE BY ORDER SENIOR PRIVATE SECRETARY ITAT, VISAKHAPATNAM