THE DCIT, CIRCLE - 3(1), Visakhapatnam V. M/s.S.Satyanarayana Raju & Co., Visakhapatnam

ITA 320/VIZ/2013

• Counselvise Citation: [2016] 130 COUNSELVISE.COM (IT) 9964 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 3 year(s) 2 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-08-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 07-06-2016
• Assessment Year: 2007-2008
• Appeal Filed On: 09-05-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SAMUEL NAGADESHI
• Assessee Lawyers: T SATYANADHAM
• Keywords: Tax effect

Judgement Text

ITA NO.320/VIZAG/2013 M/S. S. SATYANARAYANA RAJU & CO., VSKP 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.320/VIZAG/2013 ( / ASSESSMENT YEAR: 2007-08) DCIT, CIRCLE - 3(1), VISAKHAPATNAM VS. M/S. S. SATYANARAYANA RAJU & CO. VISAKHAPATNAM [PAN: AASFS6181N ] ( % / APPELLANT) ( &'% / RESPONDENT) / APPELLANT BY : SHRI SAMUEL NAGADESHI, DR / RESPONDENT BY : SHRI T. SATYANADHAM, AR / DATE OF HEARING : 08.08.2016 / DATE OF PRONOUNCEMENT : 08.08.2016 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THIS APPEAL IS FILED BY THE REVENUE AGAINST THE OR DER OF THE CIT(A), VISAKHAPATANAM DATED 22.03.2013 FOR THE ASSESSMENT YEAR 2007-08. 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.320/VIZAG/2013 M/S. S. SATYANARAYANA RAJU & CO., VSKP 2 BELOW RS.10 LAKHS. AS PER THE LATEST CIRCULAR NO.2 1/2015 DATED 10.12.2015 OF CBDT BEING RETROSPECTIVE IN NATURE, T HE APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE. THE LD. D.R. HAS NOT RAISED ANY OBJECTION. IN VIEW OF THE ABOVE, THIS APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE. HENCE, THE SAME IS DISMISSED. 3. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 8 TH AUG16 SD/- SD/- ( . ) ( . ) (G. MANJUNATHA) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER ! /VISAKHAPATNAM: % /DATED : 08.08.2016 VG/SPS '! (! /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE DCIT, CIRCLE-2(1), VIJAYAWAD A 2. / THE RESPONDENT M/S. S. SATYANARAYANARAJU & CO. , D.NO.51-8-40, BEHIND BOC LTD., SEETHAMMADHARA, VISAKHAPATNAM 3. ) / THE CIT, VISAKHAPATNAM 4. ) ( ) / THE CIT(A), VISAKHAPATNAM 5. ! , , , , ! / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // /0 , (SR.PRIVATE SECRETARY) , , ! / ITAT, VISAKHAPATNAM