Sri Girija Smelters Ltd., Visakhapatnam V. THE DCIT, Visakhapatnam

CO 31/VIZ/2016

• Counselvise Citation: [2017] 123 COUNSELVISE.COM (IT) 2721 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 7 month(s) 1 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 05-01-2017
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2008-2009
• Appeal Filed On: 03-06-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: A ARUNA
• Keywords: Tax effect

Judgement Text

ITA NO. 73 /V IZ /201 6 & C.O.NO.31/VIZ/2016 M/S. SHRI GIRIJA SMELTERS LTD. 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM . , . , BEFORE SHRI V. DURGA RAO, HON. JUDICIAL MEMBER & SHRI G. MANJUNATHA, HON. ACCOUNTANT MEMBER . / I . T .A.NO. 73 /V IZ / 201 6 ( / ASSESSMENT YEAR: 200 8 - 0 9 ) DCIT, CIRCLE - 4(1), VISAKHAPATNAM. VS. M/S. SHRI GIRIJA SMELTERS LTD., MIG - 225, GAYATRI NILAYAM, N ORTH E XTENSION LAYOUT, SEETHAMADHARA, VISA KHAPATNAM. [PAN: AADCS 1438 A ] ( / APPELLANT) ( / RESPONDENT) C.O.NO. 31/VIZ/2016 (I.T.A.NO.73/VIZ/2016) ( / ASSESSMENT YEAR: 2008 - 09) M/S. SHRI GIRIJA SMELTERS LTD., MIG - 225, GAYATRI NILAYAM, NORTH EXTENSION LAYOUT, SEETHAMADHARA, VISAKHAPATNAM. VS. DCIT, CIRCLE - 4(1), VISAKHAPATNAM. [PAN: AADCS 1438 A] ( / APPELLANT) ( / RESPONDENT) / APP ELLANT BY : SHRI M.N. MURTHY NAIK - DR / RESPONDENT BY : S MT. A. ARUNA ADVOCATE. / DATE OF HEARING : 05 . 0 1. 201 7 / DATE OF P RONOUNCEMENT : 05 .01.201 7 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER : THIS APPEAL IS FILED BY THE REVENUE AGAINST THE ORDER OF THE CIT(A) - 2 , VISAKHAPATNAM, DATED 11 .1 2 .201 5 FOR THE ASSESSMENT YEAR 200 8 - 0 9 . ITA NO. 73 /V IZ /201 6 & C.O.NO.31/VIZ/2016 M/S. SHRI GIRIJA SMELTERS LTD. 2 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 C IRCULAR NO.21/2015 DATED 10.12.2015 ISSUED BY THE CBDT 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 REVENUE IS NOT MAINTAINABLE. HENCE, THE SAME IS DISMISSED. 3. C.O.NO.31/VIZ/2016 FILED BY THE ASSESSEE IS IN SUPPORT OF THE ORDER OF THE LD. COMMISSIONER OF INCOME TAX (APPEALS) . HENCE, IT IS DISMISSED AS INFRUCTUOUS. 4 . IN THE RESULT, THE APPEAL FI LED BY THE REVENUE AND CROSS OBJECTION FILED BY THE ASSESSEE ARE DISMISSE D . O RDER PRONOUNCED IN THE OPEN COURT ON 0 5 TH JAN UARY, 20 1 7 . S D/ - SD/ - ( . ) ( . ) (G. MANJUNATHA) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER /VISAKHAPATNAM: /DATED : 0 5 .01.201 7 VR /SPS ITA NO. 73 /V IZ /201 6 & C.O.NO.31/VIZ/2016 M/S. SHRI GIRIJA SMELTERS LTD. 3 / COPY OF THE ORDER FORWARDED TO : - 1. / THE APPELLANT DCIT, CIRCLE - 4(1), VISAKHAPATNAM. 2. / THE RESPONDENT M/S. SHRI GIRIJA SMELTERS LTD., MIG - 225, GAYATRI NILAYAM, NORTH EXTENSION LAYOUT, SEETHAMADHARA, VISAKHAPATNAM. 3. / THE CIT - 2 , VISAKHAPATNAM. 4 . ( ) / THE CIT(A) - 2 , VISAKHAPATNAM. 5 . , , / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // ASSISTANT REGISTRAR , / ITAT, VISAKHAPATNAM