THE ITO, WARD - 1(1), Vijayawada V. Sri Bavirisetty Madhava Rao, Vijayawada

ITA 375/VIZ/2013

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 2152 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 7 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-01-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 17-12-2015
• Assessment Year: 2009-2010
• Appeal Filed On: 29-05-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: M K SETHI
• Keywords: Tax effect

Judgement Text

ITA NO.375/VIZAG/2013 & CO NO.117/VIZAG/2013 SRI BAVIRISETTY MADHAVA RAO, VIJAYAWADA 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.375/VIZAG/2013 ( / ASSESSMENT YEAR : 2009-10) ITO WARD - 1(1) VIJAYAWADA VS. SRI BAVIRISETTY MADHAVA RAO VIJAYAWADA [ PAN: ACPPB 1342M ] ( & & & & / APPELLANT) ( '(& '(& '(& '(& / RESPONDENT ) C.O. NO.117/VIZAG/2013 (ARISING OUT OF I.T.A.NO.375/VIZAG/2013) ( / ASSESSMENT YEAR : 2009-10) SRI BAVIRIS ETTY MADHAVA RAO VIJAYAWADA VS. ITO WARD - 1(1) VIJAYAWADA ( & & & & / APPELLANT) ( '(& '(& '(& '(& / RESPONDENT ) & ) / APPELLANT BY : SHRI C. SUBRAHMANYAM, AR '(& ) / RESPONDENT BY : SHRI M.K. SETHI, DR ) - / DATE OF HEARING : 17.12.2015 ) - / DATE OF PRONOUNCEMENT : 06.01.2016 ITA NO.375/VIZAG/2013 & CO NO.117/VIZAG/2013 SRI BAVIRISETTY MADHAVA RAO, VIJAYAWADA 2 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THIS APPEAL IS FILED BY THE REVENUE AGAINST THE ORD ER OF THE CIT(A), VIJAYAWADA DATED 25.3.2013 FOR THE ASSESSMENT YEAR 2009-10AND THE CROSS APPEAL FILED BY THE ASSESSEE IN SUPPORT OF TH E LD. CIT(A)S ORDER. 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 THE REVENUE IS NOT MAINTAINABLE. THE LD. D.R. HAS NOT RAISED ANY OBJECTION. IN VIEW OF THE ABOVE, THE APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE. HENCE, THE SAME IS DISMISSED. 3. THE CROSS APPEAL FILED BY THE ASSESSEE ONLY SUPP ORT THE ORDER OF LD. CIT(A). IN VIEW OF THE ABOVE, CROSS APPEAL IS DISMISSED. ITA NO.375/VIZAG/2013 & CO NO.117/VIZAG/2013 SRI BAVIRISETTY MADHAVA RAO, VIJAYAWADA 3 4. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED AND THE CROSS APPEAL FILED BY THE ASSESSEE IS ALSO DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 6 TH JAN16. SD/- SD/- ( . . . . ) ( . ) ( G. MANJUNATHA) ( (( ( V. DURGA RAO ) )) ) / // / ACCOUNTANT MEMBER / // / JUDICIAL MEMBER /VISAKHAPATNAM: 3 / DATED : 6.1.2016 VG/SPS ) ' 4 / COPY OF THE ORDER FORWARDED TO :- 1. & / THE APPELLANT THE ITO WARD-1(1), VIJAYAWADA 2. '(& / THE RESPONDENT SRI BAVIRISETTY MADHAVA RAO, C/O MADHAVA HARDWARES, 11-25-201, MAIN BAZAAR, VIJAYAWADA-1 3. 5 / THE CIT, VIJAYAWADA 4. 5 () / THE CIT(A), VIJAYAWADA 5. ' , , / // / DR, ITAT, VISAKHAPATNAM 6 . . . . / GUARD FILE / BY ORDER // TRUE COPY // 9: ( SR.PRIVATE SECRETARY ) , / // / ITAT, VISAKHAPATNAM