Income Tax Officer, Ward-15(1), Hyderabad V. Satprakash Vajram, Secunderabad

ITA 1211/Hyd/2017

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 9836 (ITAT-HYDERABAD)
• Duration Of Justice: 3 year(s) 11 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-07-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2013-2014
• Appeal Filed On: 13-07-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: LAKKA BHUSHANAM
• Assessee Lawyers: KEERTHANA V SIVA KUMAR
• Keywords: Retrospective amendment; Tax effect
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD. BEFORE SHRI S.S. GODARA, JUDICIAL MEMBER AND SHRI L . P . SAHU, ACCOUNTANT MEMBER (THROUGH VIRTUAL HEARING) ITA NO. 1211 /HYD/201 7 (ASSESSMENT YEAR : 20 1 3 - 14 ) INCOME TAX OFFICER , WARD 1 5 (1), HYDERABAD. .APPELLANT. VS. SHRI SATPRAKASH VAJRAM, SECUN DERABAD. PAN ABZPV 3149F ..RESPONDENT. APPELLANT BY : SHRI LAKKA BHUSHANAM (D.R) RESPONDENT BY : SMT. KEERTHANA FOR V. SIVA KUMAR. DATE OF HEARING : 5. 7. 2021. DATE OF PRONOUNCEMENT : 12 .07 .2021. O R D E R PER S.S.GODARA, J.M. : TH IS REVENUE S APPEAL ARISES FROM THE COMMISSIONER OF INCOME TAX (APPEALS) - 7 , HYDERABAD S ORDER S DT. 15.02.2017 PASSED IN CASE NO. 209/CIT(A) - 7/2016 - 17 IN PROCEEDINGS UNDER SECTION 143(3) OF INCOME TAX ACT, 1961 (THE ACT). HEARD BOTH THE PARTIES . C ASE FILE PERUSED. 2. IT TRANSPIRES AT THE OUTSET THAT REVENUES SOLE SUB STANTIVE GROUNDS RAISED IN THE INSTANT APPEAL, INTER ALIA, SEEKING TO REVIVE UNEXPLAINED INCOME ADDITION OF RS.1,39,64,452 AND RESTRICTED TO RS.5 LAKHS ONLY IN THE CIT(A)S ORDER, INVOLVES TAX EFFECT OF LESS THAN RS.50 LAKHS 2 ITA NO. 1211 /HYD/201 7 AS PER CBDT CIRCULAR DT.08.08.2 019 HAVING RETROSPECTIVE EFFECT QUA PENDING APPEALS AS WELL. TH IS APPEAL OF REVENUE IS DISMISSED FOR INVOLVING LOWER TAX EFFECT OF LESS THAN RS.50 LAKHS THEREFORE. 3. THIS REVENUES APPEAL IS DISMISSED IN ABOVE TERMS. ORDER PRONOUNCED IN THE OPEN CO URT ON 12TH JULY, 2021. SD/ - SD/ - (L .P. SAHU) (S.S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER H Y DERABAD, DT. 12 .07 .2021. * REDDY GP COPY TO : 1. SRI SATPRAKASH VAJRAM , 1 - 7 - 83, BOLLARUM, TEMPLE ALWAL,SECUNDERABAD. 2. IT O , WARD 1 5 (1), HYDERABAD. 3. PR. C I T (CENTRAL) - 7 , HYDERABAD. 4. CIT(APPEALS) - 7 , HYDERABAD. 5. DR, ITAT, HYDERABAD. 6. GUARD FILE. BY ORDER SR. PVT. SECRETARY, ITAT, HYDERABAD.