DCIT, Hyderabad V. M/s SSB Enterprises Ltd, Hyderabad

ITA 299/HYD/2010

• Counselvise Citation: [2011] 140 COUNSELVISE.COM (IT) 53794 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 9 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-11-2011
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 19-07-2011
• Assessment Year: 2001-2002
• Appeal Filed On: 25-02-2010
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: B V PRASAD REDDY
• Assessee Lawyers: K NIRAJA
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD BEFORE SHRI H.S. SIDHU, JUDICIAL MEMBER AND SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER ITA NO.299/HYD/2010 ASSESSMENT YEAR 2001-02 ITA NO.300/HYD/2010 ASSESSMENT YEAR 2002-03 THE DY. CIT, CIRCLE 3(2), HYDERABAD VS M/S S.S.B. ENTERPRISES LTD., HYDERABAD. (PAN AACCS 8253 N) APPELLANT RESPONDENT APPELLANT BY : SHRI B.V. PRASAD REDDY RESPONDENT BY : SMT. K. NIRAJA DATE OF HEARING : 30/11/2011 DATE OF PRONOUNCEMENT : 30.11.2011 ORDER PER BENCH: THESE TWO APPEALS PREFERRED BY THE REVENUE ARE DIRECTED AGAINST THE ORDER PASSED BY THE CIT(A)- TI RUPATHI DATED 26.11.2009 AND THEY ARE PERTAINING TO THE ASSESSMENT YEARS 2001-02 & 2002-03. SINCE ISSUES INVOLVED IN THESE TWO APPEALS ARE COMMON, THEY ARE CLUBBED, HEARD AND DISPOSED OFF VIDE THIS COMMON OR DER FOR THE SAKE OF CONVENIENCE. 2. WE HAVE HEARD BOTH THE PARTIES AND PERUSED TH E MATERIALS AVAILABLE ON RECORD. IT IS UNDISPUTED FA CT THAT THE TAX EFFECTS IN THESE TWO APPEALS ARE LESS THAN RS.3 LAKHS. 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 ITA NO.299 & 300/H/2010 SSB ENTERPRISES LTD., HYD. 2 OF LESS THAN RS.3 LAKHS IS NOT MAINTAINABLE AND ACC ORDINGLY THESE TWO APPEALS FILED BY THE REVENUE ARE DISMISSE D. 3. IN THE RESULT, REVENUE APPEALS ARE DISMISSED ORDER PRONOUNCED IN THE OPEN COURT ON: 30.11.2011 SD/- SD/- (CHANDRA POOJARI) ( H.S. SIDHU ) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED THE 30 TH NOVEMBER, 2011 COPY FORWARDED TO: 1. THE DCIT, CIRCLE 3(2), HYDERABAD, HYDERABAD 2. M/S SSB ENTERPRISES LTD., 1-1-385/39, P&T COLONY, GANDHI NAGAR, HYDERABAD-80. 3. THE CIT(A) -TIRUPATHI 4. THE CIT, HYDERABAD 5. THE DR, ITAT, HYDERABAD NP/