Asst.Director of Income-tax (International taxation)-II, Hyderabad V. M/s. Vensat Services Pvt. Ltd., Hyderabad

ITA 107/HYD/2014

• Counselvise Citation: [2019] 115 COUNSELVISE.COM (IT) 3061 (ITAT-HYDERABAD)
• Duration Of Justice: 5 year(s) 1 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-03-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-B
• Assessment Year: 2012-2013
• Appeal Filed On: 28-01-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: KIRAN KATTA
• Assessee Lawyers: A V RAGHURAM
• Keywords: Tax effect

Judgement Text

ITA NO 107 OF 2014 VENSAT TECH SERVICES P LTD HYDERABAD. PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI S.RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA NO.107/HYD/2014 (ASSESSMENT YEAR:2012-13) DY. COMMISSIONER OF INCOME TAX, INTERNATIONAL TAXATION, HYDERABAD VS M/S. VENSAT TECH SERVICES PRIVATE LIMITED, JUBILLEE HILLS, HYDERABAD PAN:AADCV0729R (APPELLANT) (RESPONDENT) FOR REVENUE : SHRI KIRAN KATTA, DR FOR ASSESSEE : SHRI A.V.RAGHURAM O R D E R PER SMT. P. MADHAVI DEVI, J.M. THIS IS REVENUES APPEAL FOR THE A.Y 2012-13. 2. THE AO, VIDE LETTER DATED 1/7/2018, REQUESTED FO R WITHDRAWAL OF THE APPEAL IN VIEW OF THE CBDT CIRCUL AR NO.3/2018 DATED 28.2.2018 ON ACCOUNT OF LOW TAX EFFECT. THE A O HAS CLARIFIED THAT AFTER VERIFICATION, IT HAS BEEN FOUND THAT THI S CASE DOES NOT FALL ALSO UNDER THE NEW EXCEPTIONAL CLAUSES SPECIFI ED BY THE CBDT VIDE THE ABOVE CITED CIRCULAR. TAKING THE SAME INTO CONSIDERATION, THE APPEAL OF THE REVENUE IS DISMISSED. DATE OF HEARING : 04.12.2018 DATE OF PRONOUNCEMENT: 05.03.2019 ITA NO 107 OF 2014 VENSAT TECH SERVICES P LTD HYDERABAD. PAGE 2 OF 2 3. IN THE RESULT, REVENUES APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 5 TH MARCH, 2019. SD/- SD/- (S.RIFAUR RAHMAN) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 5 TH MARCH, 2019. VINODAN/SPS COPY TO: 1 DY.CIT-2, INTERNATIONAL TAXATION, ROOM NO.506, 5 TH FLOOR, BASHEERBAGH, HYDERABAD 2 M/S. VENSAT TECH SERVICES P LTD, NO.687 ROAD NO.3 3, JUBILEE HILLS, HYDERABAD 3 ADD.DIT(IT)-II HYDERABAD 4 DIRECTOR (INTERNATIONAL TAXATION) HYDERABAD 5 THE DR, ITAT HYDERABAD 6 GUARD FILE BY ORDER