Sri Narendra Gupta, Vijayawada V. THE ITO, WARD - 2(4), Vijayawada

CO 81/VIZ/2013

• Counselvise Citation: [2015] 123 COUNSELVISE.COM (IT) 1827 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 2 month(s) 14 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 28-12-2015
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2007-2008
• Appeal Filed On: 14-10-2013
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R PRASAD
• Assessee Lawyers: I SURESH KUMAR
• Keywords: Tax effect

Judgement Text

ITA NO.289/VIZAG/2013 & CO NO.81/VIZAG/2013 SRI NARENDRA GUPTA, 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.289/VIZAG/2013 ( / ASSESSMENT YEAR : 2007-08) ITO WARD - 2(4) VIJAYAWADA VS. SRI NARENDRA GUPTA VIJAYAWADA [ PAN: AC UPN 7295C ] ( & & & & / APPELLANT) ( '(& '(& '(& '(& / RESPONDENT ) C.O. NO.81/VIZAG/2013 (ARISING OUT OF I.T.A.NOS.289/VIZAG/2013) ( / ASSESSMENT YEAR : 2007-08) SRI NARENDRA GUPTA VIJAYAWADA VS. ITO WARD - 2(4) VIJAYAWADA ( & & & & / APPELLANT) ( '(& '(& '(& '(& / RESPONDENT ) & ) / APPELLANT BY : SHRI I. SURESH KUMAR , DR '(& ) / RESPONDENT BY : SHRI M. S.R. PRASAD, AR ) - / DATE OF HEARING : 2 8 .12.2015 ) - / DATE OF PRONOUNCEMENT : 28.12.2015 / 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), VIJAYAWADA DATED 12.2.2013 FOR THE ASSESSMENT YEAR 2007-08 AND THE CROSS APPEAL IS FILED BY THE ASSESSEE IN SUPPORT OF ORDER OF CIT(A). ITA NO.289/VIZAG/2013 & CO NO.81/VIZAG/2013 SRI NARENDRA GUPTA, VIJAYAWADA 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 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 28 TH DEC15. SD/- SD/- ( . . . . ) ( . ) ( G. MANJUNATHA) ( (( ( V. DURGA RAO ) )) ) / // / ACCOUNTANT MEMBER / // / JUDICIAL MEMBER /VISAKHAPATNAM: 3 / DATED : 28.12.2015 VG/SPS ITA NO.289/VIZAG/2013 & CO NO.81/VIZAG/2013 SRI NARENDRA GUPTA, VIJAYAWADA 3 ) ' 4 / COPY OF THE ORDER FORWARDED TO :- 1. & / THE APPELLANT THE ITO WARD-2(4), VIJAYAWADA 2. '(& / THE RESPONDENT SRI NARENDRA GUPTA, PROP: GUPTA ENTERPRISES, D.NO.2 8- 01-47, ELURU ROAD, VIJAYAWADA. 3. 5 / THE CIT, VIJAYAWADA 4. 5 () / THE CIT(A), VIJAYAWADA 5. ' , , / // / DR, ITAT, VISAKHAPATNAM 6 . . . . / GUARD FILE / BY ORDER // TRUE COPY // 9: ( SR.PRIVATE SECRETARY ) , / // / ITAT, VISAKHAPATNAM