The ACIT, Rajamahendravaram V. The Jampeta Co -Op, Urban Bank Ltd, Rajamahendravaram

ITA 168/VIZ/2017

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 3845 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 1 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-05-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2011-2012
• Appeal Filed On: 30-03-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: D J P ANAND
• Keywords: Tax effect

Judgement Text

ITA NO.168&194 /VIZAG/2017 THE JAMPETA CO-OP. URBAN BANK LTD, RAJAMAHENDRAVARA M 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM . , . .. . . . . . ' , % BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER & SHRI D.S. SUNDER SINGH, ACCOUNTANT MEMBER ./I.T.A.NO.168&194/VIZAG/2017 ( / ASSESSMENT YEARS: 2011-12 & 2008-09) ACIT, CIRCLE - 1 (1) RAJAMAHENDRAVARAM THE JAMPETA CO - OP. URBAN BANK LTD., RAJAMAHENDRAVARAM (PAN NO.AAAAT4048E) ( ' / APPELLANT) ( ()' / RESPONDENT) / APPELLANT BY : SHRI D.J.P. ANAND, DR / RESPONDENT BY : SHRI G.V.N. HARI, AR / DATE OF HEARING : 0 5 .04.2018 / DATE OF PRONOUNCEMENT : 0 6.04.2018 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THESE APPEALS FILED BY THE REVENUE ARE DIRECTED AG AINST ORDERS OF THE CIT(A)-2, GUNTUR VIDE APPEAL NO.052/2013-14 DAT ED 6.1.2017 & 009/2011-12 DATED 5.12.2016 FOR THE ASSESSMENT YEAR S 2011-12 & 2008-09 RESPECTIVELY. ITA NO.168&194 /VIZAG/2017 THE JAMPETA CO-OP. URBAN BANK LTD, RAJAMAHENDRAVARA M 2 2. WHEN THESE APPEALS ARE TAKEN UP FOR HEARING, THE LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT INVO LVED IN THESE APPEALS IS BELOW RS.10 LAKHS. AS PER THE CIRCULAR NO.21/20 15 DATED 10.12.2015 OF CBDT BEING RETROSPECTIVE IN NATURE, THE APPEALS FILED BY THE REVENUE ARE NOT MAINTAINABLE. THE LD. D.R. RELIED ON THE G ROUNDS OF APPEALS. IN VIEW OF THE ABOVE, THE APPEALS FILED BY THE REVENUE ARE NOT MAINTAINABLE. HENCE, THE SAME ARE DISMISSED. 3. IN THE RESULT, THE APPEALS FILED BY THE REVENUE ARE DISMISSED. THE ABOVE ORDER WAS PRONOUNCED IN THE OPEN COURT O N 6 TH APR18. SD/- SD/- ( . .. . . . . . ' ) ( . ) (D.S. SUNDER SINGH) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER # /VISAKHAPATNAM: ' /DATED :06.04.2018 VG/SPS )# *# /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE ACIT, CIRCLE-1(1), RAJAMAHEN DRAVARAM 2. / THE RESPONDENT THE JAMPETA CO-OP. URBAN BANK L TD., D.NO.46A, 28-28-34, JAMPETA, RAJAMAHENDRAVARAM. 3. + / THE PRINCIPAL CIT, RAJAHMUNDRY 4. + ( ) / THE CIT (A)-2, GUNTUR 5. # . , . , # / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // SR. PRIVATE SECRETARY ITAT, VISAKHAPATNAM