THE ITO, Gudivada V. Sri Narra Madhu Babu, Gudivada

ITA 25/VIZ/2015

• Counselvise Citation: [2017] 127 COUNSELVISE.COM (IT) 8949 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 3 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-04-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2011-2012
• Appeal Filed On: 12-01-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

ITA NO.25/VIZ/2015 (NARRA MADHU BABU ) 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM . , . , BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER & SHRI G. MANJUNATHA, ACCOUNTANT MEMBER ./I.T.A.NO.25/VIZ/2015 ( / ASSESSMENT YEAR: 2011-12) ITO WARD - 1 GUDIWADA VS. SRI NARRA MADHU BABU , REP. BY L/R SMT. NARRA LALITHA DEVI, D.NO. 10-154-D4-21, RAJENDRA NAGAR, GUDIWADA [PAN: AFUPN 9755 N ] ( / APPELLANT) ( / RESPONDENT) / ASSESSEE BY : SHRI C. SUBRAHMANYAM - FCA / REVENUE BY : SHRI MURTHY NAIK SR. DR / DATE OF HEARING : 18 .0 4 . 201 7 / DATE OF PRONOUNCEMENT : 18 .0 4 .201 7 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THIS APPEAL IS FILED BY THE REVENUE AGAINST THE ORDER OF THE CIT(A), VIJAYAWADA, DATED 31.10.2014 FOR THE ASSESSMENT YEAR 2011-12. 2. WHEN THIS APPEAL IS TAKEN UP FOR HEARING, THE LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT INVOLVED IN THIS APPEAL IS ITA NO.25/VIZ/2015 (NARRA MADHU BABU ) 2 BELOW RS.10 LAKHS. AS PER THE CBDT CIRCULAR NO.21/2015 DATED 10.12.2015 BEING RETROSPECTIVE IN NATURE, THE APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE. THE LD. D.R. HAS NOT RAISED ANY OBJECTION. IN VIEW OF THE ABOVE, THE APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE. HENCE, THE SAME IS DISMISSED. 3. IN THE RESULT, THE APPEAL FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 18 TH DAY OF APRIL, 2017. SD/- SD/- ( . ) ( . ) (G. MANJUNATHA) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER /VISAKHAPATNAM: /DATED : 18.04.2017 VR/SPS /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT ITO WARD-1, GUDIWADA 2. / THE RESPONDENT SRI NARRA MADHU BABU, REP. BY L/R SMT. NARRA LALITHA DEVI, D.NO. 10-154-D4-21, RAJENDRA NAGAR, GUDIWADA 3. / THE CIT, VIJAYAWADA 4. ( ) / THE CIT(A), VIJAYAWADA 5. , , / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER