M/s R.K.Katadi, Kakinada V. THE DCIT, CIRCLE-1, Kakinada

CO 131/VIZ/2013

• Counselvise Citation: [2016] 123 COUNSELVISE.COM (IT) 2240 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 2 month(s) 21 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 16-02-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2007-2008
• Appeal Filed On: 25-11-2013
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: M K SETHI
• Keywords: Tax effect

Judgement Text

ITA NO.610/VIZAG/2013 M/S. R.K. KATADI, KAKINADA 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM . , . , ' BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER & SHRI G. MANJUNATHA, ACCOUNTANT MEMBER ./ I.T.A.NO.610/VIZAG/2013 ( / ASSESSMENT YEAR : 2007-08) DCIT CIRCLE-1 KAKINADA VS. M/S. R.K. KATADI KAKINADA [ [ PAN: AAFFR 1746R] ( ) / APPELLANT) ( *+) / RESPONDENT ) C.O. NO.131/VIZAG/2013 (ARISING OUT OF I.T.A.NO.610/VIZAG/2013) ( / ASSESSMENT YEAR : 2007-08) M/S. R.K. KATADI KAKINADA VS. DCIT CIRCLE - 1 KAKINADA [ ( ) / APPELLANT) ( *+) / RESPONDENT ) / APPELLANT BY : SHRI M.K. SETHI , DR #$ / RESPONDENT BY : SHRI G.V .N. HARI, AR ( / DATE OF HEARING : 16 .02.2016 ( / DATE OF PRONOUNCEMENT : 16.02.2016 ITA NO.610/VIZAG/2013 M/S. R.K. KATADI, KAKINADA 2 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THIS APPEAL IS FILED BY THE REVENUE AGAINST THE ORD ER OF THE CIT(A), VISAKHAPATNAM DATED 22.7.2013 FOR THE ASSESSMENT YE AR 2007-08. THE CROSS APPEAL FILED BY THE ASSESSEE IS IN SUPPORT OF THE ORDER PASSED BY THE CIT(A). 2. WHEN THIS APPEAL IS TAKEN UP FOR HEARING, THE LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT INVOLVED IN THIS APPEAL IS BELOW RS.10 LAKHS. AS PER THE LATEST CIRCULAR NO.2 1/2015 DATED 10.12.2015 OF CBDT BEING RETROSPECTIVE IN NATURE, T HE 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 REVENUE IS NOT MAINTAINABLE. HENCE, THE SAME IS DISMISSED. 3. THE C.O. FILED BY THE ASSESSEE IS SUPPORTING THE ORDER OF THE CIT(A). THEREFORE, FOR THE REASONS RECORDED IN THE PRECEDING PARAGRAPH, THE C.O. FILED BY THE ASSESSEE IS INFRUCTUOUS AND H ENCE, THE SAME IS DISMISSED. ITA NO.610/VIZAG/2013 M/S. R.K. KATADI, KAKINADA 3 4. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED AND THE C.O. FILED BY THE ASSESSEE IS ALSO DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 16 TH FEB16. SD/- SD/- ( . ) (. ) ( G. MANJUNATHA) ( V. DURGA RAO ) / ACCOUNTANT MEMBER / JUDICIAL MEMBER , /VISAKHAPATNAM: 0 / DATED : 16.2.2016 VG/SPS # 2, 3,/ COPY OF THE ORDER FORWARDED TO :- 1. / THE APPELLANT THE DCIT CIRCLE-1, KAKINADA 2. #$ / THE RESPONDENT M/S. R.K. KATADI, KAKINADA 3. THE CIT, RAJAHMUNDRY 4. 5 / THE PRINCIPAL CIT-2, VISAKHAPATNAM 5. 5 () / THE CIT(A), VISAKHAPATNAM 6. , # :, ( : , , / DR, ITAT, VISAKHAPATNAM 7 . / GUARD FILE / BY ORDER // TRUE COPY // >? : ( SR.PRIVATE SECRETARY ) ( : , , / ITAT, VISAKHAPATNAM