Dy. Commissioner of Income Tax , Circle-17(1), Hyderabad V. Dodla Dairy Limited , Hyderabad

ITA 2074/Hyd/2018

• Counselvise Citation: [2019] 115 COUNSELVISE.COM (IT) 9044 (ITAT-HYDERABAD)
• Duration Of Justice: 10 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-09-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-A
• Next Hearing Date: 23-09-2019
• Assessment Year: 2010-2011
• Appeal Filed On: 25-10-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: MOOKAMBI KEYAN
• Assessee Lawyers: AMIT MISHRA
• Keywords: Tax effect

Judgement Text

ITA NO 2074 OF 2018 DODLA DAIRY 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 A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER ITA NO.2074/HYD/2018 ASSESSMENT YEAR: 2010-11 DY. COMMISSIONER OF INCOME TAX, CIRCLE 17(1) HYDERABAD VS. DODLA DAIRY LTD HYDERABAD PAN:AABCD5077E (APPELLANT) (RESPONDENT) ASSESSEE BY: SRI AMIT MISHRA REVENUE BY : SRI MOOKAMBI KEYAN, DR DATE OF HEARING: 23/09/2019 DATE OF PRONOUNCEMENT: 24/09/2019 ORDER PER SMT. P. MADHAVI DEVI, J.M. THIS IS REVENUES APPEAL FOR THE A.Y 2010-11AGAINST THE ORDER OF THE CIT (A)-5, HYDERABAD, DATED, 21.08 .2018. 2. AT THE TIME OF HEARING ON 23.09.2019, THE LEARNE D COUNSEL FOR THE ASSESSEE SUBMITTED THAT THE TAX EFF ECT IN THE APPEAL IS LESS THAN RS.50.00 LAKHS. 3. THE LEARNED DR CONFIRMED THE SAME AND IN VIEW OF THE SAME AND AS PER THE CBDT CIRCULARS NO.03/2018 DATED 11.07.2018 AND CIRCULAR NO.17 OF 2019 DATED 9 TH AUGUST, 2019, WHEREIN THE TAX LIMIT FOR FILING OF APPEAL BY THE REVENUE BEFORE THE TRIBUNAL HAS BEEN FIXED AT RS.50 .00 LAKHS, WE ARE DISMISSING THIS APPEAL OF THE REVENUE ON ITA NO 2074 OF 2018 DODLA DAIRY LTD HYDERABAD. PAGE 2 OF 2 ACCOUNT OF LOW TAX EFFECT WITH THE LIBERTY TO THE R EVENUE TO SEEK RECALL OF THE ORDER, IF THIS CASE FALLS WITHIN THE EXCEPTIONS MENTIONED IN THE CIRCULAR CITED ABOVE. 4. IN THE RESULT, THIS APPEAL FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 24 TH SEPTEMBER, 2019. SD/- SD/- (A. MOHAN ALANKAMONY) ACCOUNTANT MEMBER (P. MADHAVI DEVI) JUDICIAL MEMBER HYDERABAD, DATED 24 TH SEPTEMBER, 2019. VINODAN/SPS COPY TO: 1 DY. CIT, CIRCLE 17(1), 9 TH FLOOR, SIGNATURE TOWERS, KONDAPUR, HYDERABAD 500084 2 M/S. DODLA DAIRY LTD, 8-2-293/82/A PLOT NO.270-Q, ROAD NO.10C, JUBILEE HILLS, HYDERABAD 500033 3 CIT (A)-5 HYDERABAD 4 PR. CIT 5, HYDERABAD 5 THE DR, ITAT HYDERABAD 6 GUARD FILE BY ORDER