M/s. Sai Swarna Automobiles Private Limited, Vijayawada V. THE ITO, Vijayawada

CO 31/VIZ/2015

• Counselvise Citation: [2016] 123 COUNSELVISE.COM (IT) 2401 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 11 month(s) 5 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 21-09-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2011-2012
• Appeal Filed On: 16-10-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: M K SETHI
• Keywords: Tax effect

Judgement Text

ITA NO.264/VIZAG/2015 & CO NO.31/VIZAG/2015 M/S. SAI SWARNA AUTOMOBILES PVT. LTD., VIJAYAWADA 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.264/VIZAG/2015 ( / ASSESSMENT YEAR: 2011-12) ITO, WARD - 3(4), VIJAYAWADA VS. M/S. SAI SWARNA AUTOMOBILES PVT. LTD., VIJAYAWADA [ P AN: AAMCS 0171P ] ( % / APPELLANT) ( &'% / RESPONDENT) C.O. NO.31/VIZAG/2015 (ARISING OUT OF I.T.A.NO.264/VIZAG/2015) ( / ASSESSMENT YEAR: 2008-09) M/S. SAI SWARNA AUTOMOBILES PVT. LTD., VIJAYAWADA VS. ITO, WARD-3(4), VIJAYAWADA ( % / APPELLANT) ( &'% / RESPONDENT) / APPELLANT BY : SHRI M.K. SETHI, DR / RESPONDENT BY : SHRI G.V.N. HARI, AR / DATE OF HEARING : 21.09.2016 / DATE OF PRONOUNCEMENT : 21.09.2016 ITA NO.264/VIZAG/2015 & CO NO.31/VIZAG/2015 M/S. SAI SWARNA AUTOMOBILES PVT. LTD., VIJAYAWADA 2 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THIS APPEAL IS FILED BY THE REVENUE AGAINST THE OR DER OF THE CIT(A), VIJAYAWADA, DATED 15.4.2015 FOR THE ASSESSMENT YEAR 2011-12 AND THE CROSS APPEAL IS FILED BY THE ASSESSEE IN SUPPORT OF ORDER OF 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, THIS APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE. HENCE, THE SAME IS DISMISSED. 3. SO FAR AS THE CROSS APPEAL FILED BY THE ASSESSEE IS CONCERNED, THE LD. COUNSEL FOR THE ASSESSEE HAS NOT PRESSED THE SA ME. THE LD. D.R. HAS NOT RAISED ANY OBJECTION. THUS, THE CROSS APPE AL IS DISMISSED. ITA NO.264/VIZAG/2015 & CO NO.31/VIZAG/2015 M/S. SAI SWARNA AUTOMOBILES PVT. LTD., VIJAYAWADA 3 4. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED AND THE CROSS APPEAL FILED BY THE ASSESSEE IS ALSO DISMISSED. THE ABOVE ORDER WAS PRONOUNCED IN THE OPEN COURT ON 21 ST SEPT16. SD/- SD/- ( . ) ( . ) (G. MANJUNATHA) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER ! /VISAKHAPATNAM: % /DATED : 21.09.2016 VG/SPS '! (! /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE ITO, WARD-3(4), VIJAYAWADA 2. / THE RESPONDENT M/S. SAI SWARNA AUTOMOBILES PVT . LTD., D.NO.40-9-91, SAI NAGAR, NEAR HP PETROL BUNK, RAMAVARAPPADU, VIJA YAWADA RURAL. 3. ) / THE CIT, VIJAYAWADA 4. ) ( ) / THE CIT(A), VIJAYAWADA 5. ! , , , , ! / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // /0 , (SR.PRIVATE SECRETARY) , , ! / ITAT, VISAKHAPATNAM