Dy. Commissioner of Income Tax , Circle-1(1), Hyderabad V. Alacriti Infosystems Private Limited, Hyderabad

ITA 109/Hyd/2018

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 0612 (ITAT-HYDERABAD)
• Duration Of Justice: 8 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-09-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2014-2015
• Appeal Filed On: 11-01-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: KIRAN KATTA
• Assessee Lawyers: N O N E
• Keywords: Tax effect

Judgement Text

ITA NO109 OF 2018 ALACRITI INFOSYSTEM S P LTD HYDERABAD. PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD A BENCH, HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI S.RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA NO.109/HYD/2018 (ASSESSMENT YEAR: 2014-15) DY. COMMISSIONER OF INCOME TAX, CIRCLE 1(1) HYDERABAD VS M/S. ALACRITI INFOSYSTEMS PVT. LTD HYDERABAD PAN: AACCT 3037B (APPELLANT) (RESPONDENT) FOR REVENUE : SHRI KIRAN KATTA, DR FOR ASSESSEE : N O N E O R D E R PER SMT. P. MADHAVI DEVI, J.M. THIS APPEAL FILED BY THE REVENUE IS DIRECTED AGAINS T THE ORDER OF THE CIT (A)-1, HYDERABAD, DATED,12-09-2017 , FOR THE A.Y 2014-15. 2. IT IS STATED BEFORE US THAT THE TAX EFFECT IN TH IS APPEAL IS LESS THAN RS.20 LAKHS AND THEREFORE THE CIRCULAR NO . 3/2018 DATED 11.07.2018 ISSUED BY THE CENTRAL BOARD OF DIRECT TA XES (CBDT) IN EXERCISE OF ITS POWER VESTED UNDER SEC. 268A(1) OF THE I.T. ACT COMES INTO PLAY, WHEREIN, THE MONETARY LIMIT FOR FI LING THE APPEALS BY THE REVENUE BEFORE THE ITAT AND VARIOUS HIGH COU RTS AS WELL AS APEX COURT ARE REVISED WITH AN OBJECT OF REDUCING T HE TAX LITIGATION. VIDE PARA 3 OF THE SAID CIRCULAR (SUPR A)IT IS STATED THAT DATE OF HEARING: 07. 09. 201 8 DATE OF PRONOUNCEMENT: 14.09.2018 ITA NO109 OF 2018 ALACRITI INFOSYSTEM S P LTD HYDERABAD. PAGE 2 OF 2 IN CASES WHERE THE TAX EFFECT IN THE APPEALS TO BE FILED BEFORE THE APPELLATE TRIBUNAL DOES NOT EXCEED RS.20 LAKHS APPE ALS SHOULD NOT BE FILED. THUS TAKING A NOTE OF CBDT CIRCULAR NO. 03/2018, DATED 11.07.2018 AND CONSIDERING THE FACT THAT THE TAX EFFECT IN THE INSTANT APPEAL IS LESS THAN RS.20 LAKHS, THE PR ESENT APPEAL DESERVES TO BE DISMISSED AS NOT PRESSED NOT MAINTAI NABLE. HOWEVER, WE MAKE IT CLEAR THAT THE ISSUES RAISED IN THE INSTANT APPEAL IS LEFT OPEN TO BE EXAMINED IN THE APPROPRIA TE PROCEEDINGS, IF ARISES, IN FUTURE. AT THE SAME TIME WE ALSO MAK E IT CLEAR THAT IF THE APPEAL FALLS IN ANY OF THE EXCEPTIONS REFERRED TO IN THE ABOVE SAID CBDT CIRCULAR, THE REVENUE IS AT LIBERTY TO MO VE AN APPLICATION FOR RECALLING THE ORDER, IF SO, ADVISED . 3. ACCORDINGLY IN THE LIGHT OF CBDT CIRCULAR NO. 03 /2018 DATED 11.07.2018 THE APPEAL STANDS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 14 TH SEPTEMBER, 2018 SD/- SD/- (S.RIFAUR RAHMAN) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 14 TH SEPTEMBER, 2018. VINODAN/SPS COPY TO: 1 DY. CIT, CIRCLE 1(1) 8 TH FLOOR, C BLOCK, ROOM NO.836, IT TOWERS, HYDERABAD 500004 2 M/S. ALACRITI INFOSYSTEMS (P) LTD, SURVEY NO.80 T O 84, 8 TH FLOOR, BESIDE RATNADEEP SUGAR MARKET, MADHAPUR, HYDERABAD 500081 3 CIT (A) - 1, HYDERABAD 4 PR. CIT 1, HYDERABAD 5 THE DR, ITAT HYD ERABAD 6 GUARD FILE BY ORDER