Sri Merugu Venkata Reddy, V. THE ACIT., CIRCLE - 1(1), Vijayawada

CO 62/VIZ/2013

• Counselvise Citation: [2016] 123 COUNSELVISE.COM (IT) 2267 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 7 month(s) 20 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 16-03-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 16-03-2016
• Assessment Year: 2009-2010
• Appeal Filed On: 26-07-2013
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: B SESHAGIRI RAO
• Assessee Lawyers: D KOMALI KRISHNA
• Keywords: Tax effect

Judgement Text

ITA NO.87/VIZAG/2013&CO 62/VIZAG/2013 MERUGU VENKATA REDDY, KRISHNA DIST. 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. 87/VIZ/2013 ( / ASSESSMENT YEAR : 2009-10) ACIT, CIRCLE - 1(1) VIJAYAWADA VS. M. VENKATA REDDY CHERUVU KOMMUPALEM VILLAGE KRISHNA DIST. [PAN : AIEPM9288J] ( % / APPELLANT) ( &'% / RESPONDENT) C.O.NO. 62/VIZ/2013 (ARISING OUT OF I.T.A.NO. 87/VIZ/2013) ( / ASSESSMENT YEAR : 2009-10) M. VENKATA REDDY CHERUVU KOMMUPALEM VILLAGE KRISHNA DIST. VS. ACIT, CIRCLE - 1(1) VIJAYAWADA ( % / APPELLANT) ( &'% / RESPONDENT) / ASSESSEE BY : SMT. D. KOMALI KRISHNA, DR / REVENUE BY : SHRI B. SESHAGIRI RAO, AR / DATE OF HEARING : 16.03.2016 / DATE OF PRONOUNCEMENT : 16.03.2016 ITA NO.87/VIZAG/2013&CO 62/VIZAG/2013 MERUGU VENKATA REDDY, KRISHNA DIST. 2 / O R D E R PER G. MANJUNATHA, ACCOUNTANT MEMBER: THIS APPEAL FILED BY THE REVENUE AND THE CROSS OBJE CTION FILED BY THE ASSESSEE ARE DIRECTED AGAINST THE ORDER OF THE CIT( A), VIJAYAWADA DATED 04.12.2012 FOR THE A.Y. 2009-10. 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.21/2015 DATED 10.12.2015 OF CBDT BEING RETROSPECTIVE IN NATURE, THE APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE. THE LD. D.R. HAS NOT RAISED ANY OBJE CTION. IN VIEW OF THE ABOVE, THIS APPEAL FILED BY THE REVENUE IS NOT MAIN TAINABLE. HENCE, THE SAME IS DISMISSED. 3. THE CROSS OBJECTION FILED BY THE ASSESSEE IS ONL Y SUPPORTING THE ORDER OF THE CIT(A), IN VIEW OF THE ABOVE, CROSS OBJECTIO N IS DISMISSED. 4. IN THE RESULT, APPEAL FILED BY THE REVENUE AND T HE CROSS OBJECTION FILED BY THE ASSESSEE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 16 TH MAR16. SD/- SD/- ( . ) ( . ) (V. DURGA RAO) (G. MANJUNATHA) /JUDICIAL MEMBER /ACCOUNTANT MEMBER ! /VISAKHAPATNAM: % /DATED : 16.03.2016 VG/SPS ITA NO.87/VIZAG/2013&CO 62/VIZAG/2013 MERUGU VENKATA REDDY, KRISHNA DIST. 3 '! (! /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE ACIT, CIRCLE-1(1), VIJAYAWAD A KRISHNA DISTRICT. 2. / THE RESPONDENT SHRI MERUGU VENKATA REDDY, CHER UVU KOMMUPALEM VILLAGE, NANDIGAMA MANDAL, KRISHNA DIST. 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