Smt. M. Varalakahmi, Visakhapatnam V. The ITO, Visakhapatnam

CO 41/VIZ/2016

• Counselvise Citation: [2016] 123 COUNSELVISE.COM (IT) 2415 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 1 month(s) 18 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 10-08-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2005-2006
• Appeal Filed On: 22-06-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: T SATYANANDHAMDR
• Keywords: Tax effect

Judgement Text

ITA NO.141/VIZAG/2016 SMT. M. VARALAKSHMI, VISAKHAPATNAM 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM SMC BENCH, VISAKHAPATNAM . , BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER ./I.T.A.NO.141/VIZAG/2016 ( / ASSESSMENT YEAR: 2005-06) ITO, WARD - 1(4), VISAKHAPATNAM VS. SMT. M. VARALAKSHMI, VISAKHAPATNAM [PAN: AGFPM3738G ] ( / APPELLANT) ( ! / RESPONDENT) C.O. NO.41/VIZAG/2016 (ARISING OUT OF I.T.A.NO.141/VIZAG/2016) ( / ASSESSMENT YEAR: 2005-06) SMT. M. VARALAKSHMI, VISAKHAPATNAM VS. ITO, WARD - 1(4), VISAKHAPATNAM ( / APPELLANT) ( ! / RESPONDENT) / APPELLANT BY : SHRI T. SATYANANDHAM,DR / RESPONDENT BY : SHRI G.V.N. HARI, AR / DATE OF HEARING : 10.08.2016 / DATE OF PRONOUNCEMENT : 10.08.2016 / 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)- 1, VISAKHAPATNAM, DATED 18.1.2016 FOR THE ASSESSMEN T YEAR 2005-06 ITA NO.141/VIZAG/2016 SMT. M. VARALAKSHMI, VISAKHAPATNAM 2 AND THE CROSS APPEAL IS FILED BY THE ASSESSEE IN SU PPORT 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. THE CROSS APPEAL FILED BY THE ASSESSEE ONLY SUPP ORT THE ORDER OF LD. CIT(A). IN VIEW OF THE ABOVE, CROSS APPEAL IS DISMISSED. 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 10 TH AUG16. SD/- ( . ) (V. DURGA RAO) /JUDICIAL MEMBER ! /VISAKHAPATNAM: % /DATED : 10.08.2016 VG/SPS ITA NO.141/VIZAG/2016 SMT. M. VARALAKSHMI, VISAKHAPATNAM 3 '! (! /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE ITO, WARD-1(4), VISAKHAPATNA M 2. / THE RESPONDENT SMT. M. VARALAKSHMI, D.NO.15-3- 23, CENTURY CLUB ROAD, MAHARANIPETA, VISAKHAPATNAM 3. ) / THE PRINCIPAL CIT-1, VISAKHAPATNAM 4. ) ( ) / THE CIT(A)-1, VISAKHAPATNAM 5. ! , , , , ! / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // /0 , (SR.PRIVATE SECRETARY) , , ! / ITAT, VISAKHAPATNAM