DCIT, Circle - 16(1), Hyderabad V. M/s Novo Agritech Limited, Medak Dist

ITA 186/HYD/2011

• Counselvise Citation: [2011] 134 COUNSELVISE.COM (IT) 3229 (ITAT-HYDERABAD)
• Duration Of Justice: 5 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-07-2011
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 11-07-2011
• Assessment Year: 2006-2007
• Appeal Filed On: 04-02-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: B V PRASAD REDDY
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH B , HYDERABAD BEFORE SHRI G.C. GUPTA, VICE PRESIDENT AND SHRI CHANDRA POOJARI ACCOUNTANT MEMBER ITA.186/HYD/2011 ASSESSMENT YEAR 2006-07 THE DY. COMMISSIONER OF INCOME TAX, CIRCLE 16(1), HYDERABAD VS M/S NOVA AGRITECH LIMITED MEDAK DISTRICT. (PAN AAACN 7990 H) (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI B.V. PRASAD REDDY RESPONDENT BY : SHRI MOHD. AFZAL. O R D E R PER CHANDRA POOJARI, A.M. THIS APPEAL PREFERRED BY THE REVENUE IS DIRECTED AGAINST THE ORDER PASSED BY THE CIT(A) V DATED 19.11.2010 AND PERTAINS TO THE ASSESSMENT YEAR 2006 -07. 2. WE HAVE HEARD BOTH THE PARTIES AND PERUSED THE MATERIALS AVAILABLE ON RECORD. IT IS UNDISPUTED FA CT THAT THE TAX EFFECT IN THIS APPEAL IS LESS THAN RS.3 LAK HS. WE FIND IN VIEW OF THE INSTRUCTION NO.3 OF 2011 (F.NO.279/MISC.142/2007/ITJ), DATED 9 TH FEBRUARY, 2011 ISSUED BY THE CBDT , THE PRESENT APPEAL INVOLVING TAX EFFECT OF LESS THAN RS.3 LAKHS IS NOT MAINTAINA BLE AND ACCORDINGLY THIS APPEAL OF THE REVENUE IS DISMISSED . 3. IN THE RESULT, THE APPEAL FILED BY THE REV ENUE IS DISMISSED IN LIMINE AS UN-ADMITTED. ITA NO.186/H/2011 M/S NOVA AGRITECH LIMITED, MEDAK DISTRICT 2 2 ORDER PRONOUNCED IN THE OPEN COURT ON 12.7.2011 SD/- G.C. GUPTA SD/- CHANDRA POOJARI VICE PRESIDENT ACCOUNTANT MEMBER DATED THE 12 TH JULY, 2011 COPY FORWARDED TO: 1. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE 16(1) , HYDERABAD 2. M/S NOVA AGRITECH LIMITED P.NO.164, 165, 178 & 179, APIIC, IDA, PASHA MYLARAM, MEDAK DISTRICT 3. 4 5. THE CIT(A)-V, HYDERABAD THE CIT, HYDERABAD THE DR, ITAT, HYDERABAD. NP/-