M/s. A.Jagan Mohan Rao & Co., Vijayawada V. THE DCIT,CIRCLE - 1(1), Vijayawada

CO 96/VIZ/2013

• Counselvise Citation: [2016] 123 COUNSELVISE.COM (IT) 2255 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 4 month(s) 19 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 23-03-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 23-03-2016
• Assessment Year: 2008-2009
• Appeal Filed On: 04-11-2013
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: A ARUNA SHRI G V N HARI
• Keywords: Tax effect

Judgement Text

ITA NO.295/VIZAG/2013 & CO NO.96/VIZAG/2013 M/S. A. JAGAN MOHAN RAO & CO., 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.295/VIZAG/2013 ( / ASSESSMENT YEAR: 2008-09) ACIT CIRCLE - 1(1) VIJAYAWADA VS. M/S. A. JAGAN MOHAN RAO & CO. VIJAYAWADA [ P AN: AABFJ7123N ] ( % / APPELLANT) ( &'% / RESPONDENT) C.O. NO.96/VIZAG/2013 (ARISING OUT OF I.T.A.NO.295/VIZAG/2013) ( / ASSESSMENT YEAR: 2008-09) M/S. A. JAGAN MOHAN RAO & CO. VIJAYAWADA VS. ACIT CIRCLE - 1(1) VIJAYAWADA ( % / APPELLANT) ( &'% / RESPONDENT) / APPELLANT BY : SHRI M.N. MURTHY NAIK, DR / RESPONDENT BY : S MT. A. ARUNA FOR SHRI G.V.N. HARI, AR / DATE OF HEARING : 23.03.2016 / DATE OF PRONOUNCEMENT : 23.03.2016 / 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), VIJAYAWADA, DATED 27.02.2013 FOR THE ASSESSMENT YEA R 2008-09 AND THE CROSS APPEAL IS FILED BY THE ASSESSEE IN SUPPORT OF ORDER OF CIT(A). ITA NO.295/VIZAG/2013 & CO NO.96/VIZAG/2013 M/S. A. JAGAN MOHAN RAO & CO., 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 23 RD MAR16. SD/- SD/- ( . ) ( . ) (G. MANJUNATHA) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER ! /VISAKHAPATNAM: % /DATED : 23.03.2016 VG/SPS ITA NO.295/VIZAG/2013 & CO NO.96/VIZAG/2013 M/S. A. JAGAN MOHAN RAO & CO., VIJAYAWADA 3 '! (! /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE ACIT CIRCLE-1(1), VIJAYAWADA . 2. / THE RESPONDENT M/S. A. JAGAN MOHAN RAO & CO., 126, VTPS-B COLONY, IBRAHIMPATNAM, VIJAYAWADA 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