THE ACIT, Guntur V. Sri Srinivasa Raghavan, Guntur

ITA 368/VIZ/2015

• Counselvise Citation: [2016] 132 COUNSELVISE.COM (IT) 1041 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 9 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-07-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2011-2012
• Appeal Filed On: 15-10-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: K THIRUMALA RAO
• Keywords: Tax effect

Judgement Text

ITA NO.368/VIZAG/2015 SRI K. SRINIVASA RAGHAVAN, GUNTUR 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM SMC BENCH, VISAKHAPATNAM . , BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER ./I.T.A.NO.368/VIZAG/2015 ( / ASSESSMENT YEAR: 2011-12) ACIT, CIRCLE - 2(1), GUNTUR VS. SRI K. SINIVASA RAGHAVAN, GUNTUR [PAN: AWOPK3905A ] ( / APPELLANT) ( ! / RESPONDENT) / APPELLANT BY : SHRI M.N. MURTHY NAIK, DR / RESPONDENT BY : SHRI K. THIRUMALA RAO, AR / DATE OF HEARING : 28 .0 7 .2016 / DATE OF PRONOUNCEMENT : 28.07.2016 / 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)- 1, GUNTUR DATED 31.07.2015 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 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 ITA NO.368/VIZAG/2015 SRI K. SRINIVASA RAGHAVAN, GUNTUR 2 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 28 TH JUL16 SD/- ( . ) (V. DURGA RAO) /JUDICIAL MEMBER ! /VISAKHAPATNAM: % /DATED : 28.07.2016 VG/SPS '! (! /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE ACIT, CIRCLE-2(1), GUNTUR 2. / THE RESPONDENT SRI K. SRINIVASA RAGHAVAN, D.NO .5-8-1/A, BRODIPET, GUNTUR 3. ) / THE CIT, GUNTUR 4. ) ( ) / THE CIT(A), GUNTUR 5. ! , , , , ! / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // /0 , (SR.PRIVATE SECRETARY) , , ! / ITAT, VISAKHAPATNAM