The ACIT, Eluru V. M/s Kadakatla Rice Mill, Tadepallegudem

ITA 295/VIZ/2015

• Counselvise Citation: [2016] 130 COUNSELVISE.COM (IT) 9903 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 1 year(s) 1 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-08-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 05-07-2016
• Assessment Year: 2006-2007
• Appeal Filed On: 09-07-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M B REDDY
• Keywords: Tax effect

Judgement Text

ITA NOS.293 & 295/VIZAG/2015 M/S. KADAKATLA RICE MILL, TADEPALLIGUDEM 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.NOS.293 & 295/VIZAG/2015 ( / ASSESSMENT YEAR: 2004-05 & 2006-07) ACIT, CIRCLE - 1, ELURU VS. M/S. KADAKATLA RICE MILL, TADEPALLIGUDEM [PAN: AAIFS 1559E ] ( % / APPELLANT) ( &'% / RESPONDENT) / APPELLANT BY : SHRI M.B. REDDY, DR / RESPONDENT BY : SHRI G.V.N. HARI , AR / DATE OF HEARING : 22.08.2016 / DATE OF PRONOUNCEMENT : 22.08.2016 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THESE APPEALS FILED BY THE REVENUE ARE DIRECTED AG AINST THE ORDER OF CIT(A), RAJAHMUNDRY DATED 10.4.2015 FOR THE ASSE SSMENT YEARS 2004-05 & 2006-07. 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 ITA NOS.293 & 295/VIZAG/2015 M/S. KADAKATLA RICE MILL, TADEPALLIGUDEM 2 IS LESS THAN ` 10 LAKHS. AS PER THE LATEST CIRCULAR NO.21/2015 D ATED 10.12.2015 OF CBDT BEING RETROSPECTIVE IN NATURE, T HE APPEALS FILED BY THE REVENUE ARE NOT MAINTAINABLE. THE LD. D.R. HAS NOT RAISED ANY OBJECTION. 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 ON 22 ND AUG16. SD/- SD/- ( . ) ( . ) (G. MANJUNATHA) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER ! /VISAKHAPATNAM: % /DATED : 22.08.2016 VG/SPS '! (! /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE ACIT, CIRCLE-1, ELURU 2. / THE RESPONDENT M/S. KADAKATLA RICE MILL, D.NO. 4-37-11, SRINIVASA EMPLOYEES COLONY, VISWAJYOTHI CONVENT STREET, TADEP ALLIGUDEM-534 101. 3. ) / THE CIT, RAJAHMUNDRY 4. ) ( ) / THE CIT(A), RAJAHMUNDRY 5. ! , , , , ! / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // /0 , (SR.PRIVATE SECRETARY) , , ! / ITAT, VISAKHAPATNAM