DCIT, Circle-9(1), Hyderabad V. Sri Sama Ravindar Reddy, Hyderabad

ITA 137/HYD/2014

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 4598 (ITAT-HYDERABAD)
• Duration Of Justice: 4 year(s) 6 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-08-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 02-08-2018
• Assessment Year: 2010-2011
• Appeal Filed On: 30-01-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SUNKU SRINIVASULU
• Assessee Lawyers: A KIRAN MANOHAR
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH B, HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA NO. 137/HYD/2014 ASSESSMENT YEAR: 2010-11 DCIT, CIRCLE 9(1), HYDERABAD VS. SRI SAMA RAVINDAR REDDY, HYDERABAD. PAN ALAPS3812K (APPLICANT) (RES PONDENT) REVENUE BY : SHRI SUNKU SRINIVASULU ASSESSEE BY : SHRI A. KIRAN MANOHAR DATE OF HEARING : 02-08-2018 DATE OF PRONOUNCEMENT : 10-08-2018 ORDER PER P. MADHAVI DEVI, J.M.: THIS IS REVENUES APPEAL FOR THE A.Y 2010-11 AGAIN ST THE ORDER OF THE CIT(A)-6, HYDERABAD DATED 28.10.20 13. AT THE TIME OF HEARING IT HAS BEEN BROUGHT TO OUR NOTI CE THAT THE TAX EFFECT IN THIS APPEAL IS LESS THAN RS. 20 L AKHS. ON VERIFICATION OF THE ASSESSMENT ORDER, IT IS NOTICED THAT THE ADDITION WHICH HAS BEEN DELETED BY THE CIT(A) IS ON LY OF RS. 10,82,529/-. IN THE LIGHT OF THE CBDT CIRCULAR NO. 03/2018 DATED 11.07.2018, THE REVENUES APPEAL IS DISMISSED ON ACCOUNT OF LOW TAX EFFECT. 2 ITA.NO. 137/HYD/2014 SRI SAMA RAVINDAR REDDY, HYDERABAD. 2. IN THE RESULT, APPEAL FILED BY THE REVENUE IS DISMISSED. PRONOUNCED IN THE OPEN COURT ON 10 TH AUGUST, 2018. SD/- SD/- (S. RIFAUR RAHMAN) (P. MADHAVI DEVI ) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DATED: 10 TH AUGUST, 2018 KRK/PVV 1) SRI SAMA RAVINDAR REDDY, 11-13,189, ROAD NO. 2, GREEN HILLS COLONY, SAROOR NAGAR, HYDERABAD. 2) DCIT, CIRCLE 9(1), HYDERABAD. 3) CIT(A)-4, HYDERABAD. 4) ADDL.CIT, RANGE-9, HYDERABAD. 5) THE DEPARTMENTAL REPRESENTATIVE, I.T.A.T., H YDERABAD. 6) GUARD FILE.