ITO, Bangalore V. Shri. Narayan R. Nadamani (HUF), Bangalore

ITA 343/BANG/2014

• Counselvise Citation: [2014] 120 COUNSELVISE.COM (IT) 7001 (ITAT-BANGALORE)
• Duration Of Justice: 8 month(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-11-2014
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 12-11-2014
• Assessment Year: 2005-2006
• Appeal Filed On: 11-03-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: DR K SHANKAR PRA SAD
• Assessee Lawyers: H GURUSWAMY ITP
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : BANGALORE BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI ABRAHAM P GEORGE, ACCOUNTANT MEMBER ITA NO. 343 / BANG/20 14 (ASSESSMENT YEAR: 20 0 5 - 06 ) INCOME - TAX OFFICER, WARD 10(2), BANGALORE. APPELLANT VS. NARAYAN R.NADAMANI(HUF), NO.81, HSR LAYOUT, SECTOR - 4, 14 TH MAIN, SARJAPURA ROAD, BANGALORE - 560034. RESPONDENT PAN: AAEHN3584N APPELLANT BY: DR. K.SHANKAR PRASAD, JCIT (DR) RESPONDENT BY: SHRI H.GURUSWAMY, ITP. DATE OF HEARING : 12 /1 1 /2014. DATE OF PRONOUNCEMENT: 12 /11 /2014. O R D E R PER SMT.P.MADHAVI DEVI, JM: THIS IS AN APPEAL FILED BY THE REVENUE AGAINST THE ORDER OF THE CIT(A) - V , BANGALORE, DATED 07/10/ 20 13 FOR THE ASSESSMENT 200 5 - 06 . THE REVEN UE IS AGGRIEVED BY THE ORDER OF THE CIT(A) IN GIVING RELIEF TO THE ASSESSEE. HOWEVER, IT IS SEEN THAT THE TAX EFFECT IN THE PRESENT APPEAL IS ONLY RS.1, 23 , 600 / - . THEREFORE, IN VIEW OF THE CBDT INSTRUCTION NO.3/2011 DATED 9/02/2011 AND ITA NO . 343 /BANG/20 1 4 NARAYAN R.NADAMANI, HUF PAGE 2 OF 2 ALSO CBDT INSTRUCTI ON NO. 5 /201 4 DATED 10/7/2014, THE APPEAL IS D ISMISSED AS HAVING L O W TAX EFFECT. PRON OUNCED IN THE OPEN COURT ON 12 TH OF NOVEMBER , 201 4. SD/ - SD/ - (ABRAHAM P GEORGE) (SMT. P.MADHA VI DEVI) ACCOUNTANT MEMBER JUDICIAL MEMBER EKSRINIVASULU COPY TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR INCOME - TAX APP ELLATE T RIBUNAL BANGALORE