THE ITO, Vijayawada V. M/s Keerthi Bio Medica Pvt. Ltd., Vijayawada

ITA 389/VIZ/2015

• Counselvise Citation: [2016] 130 COUNSELVISE.COM (IT) 9974 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 8 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-08-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2011-2012
• Appeal Filed On: 12-11-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: S RAVISHANKAR NARAYANDR
• Keywords: Tax effect

Judgement Text

ITA NO.389/VIZAG/2015 & CO NO.47/VIZAG/2016 M/S. KEERTHI BIO MEDICAL PVT. LTD., VJA 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM SMC BENCH, VISAKHAPATNAM . , BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER ./I.T.A.NO.389/VIZAG/2015 ( / ASSESSMENT YEAR: 2011-12) ITO WARD - 2(2), VIJAYAWADA VS. M/S. KEERTHI BIO MEDICAL PVT. LTD. VIJAYAWADA [ P AN: AACCK8496P ] ( / APPELLANT) ( ! / RESPONDENT) C.O. NO.47/VIZAG/2016 (ARISING OUT OF I.T.A.NO.389/VIZAG/2015) ( / ASSESSMENT YEAR: 2011-12) M/S. KEERTHI BIO MEDICAL PVT. LTD VIJAYAWADA VS. ITO, WARD - 2(2), VIJAYAWADA ( / APPELLANT) ( ! / RESPONDENT) / APPELLANT BY : SHRI S. RAVISHANKAR NARAYAN,DR / RESPONDENT BY : SHRI G.V.N. HARI, AR / DATE OF HEARING : 03.08.2016 / DATE OF PRONOUNCEMENT : 09.08.2016 / 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), VIJAYAWADA, DATED 28.9.2015 FOR THE ASSESSMENT YEAR 2011-12 AND THE CROSS APPEAL IS FILED BY THE ASSESSEE IN SUPPORT OF ORDER OF CIT(A). ITA NO.389/VIZAG/2015 & CO NO.47/VIZAG/2016 M/S. KEERTHI BIO MEDICAL PVT. LTD., VJA 2 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, THIS 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. 4. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED AND THE CROSS APPEAL FILED BY THE ASSESSEE IS ALSO DISMISSED. THE ABOVE ORDER WAS PRONOUNCED IN THE OPEN COURT ON 9 TH AUG16. SD/- ( . ) (V. DURGA RAO) /JUDICIAL MEMBER ! /VISAKHAPATNAM: % /DATED : 09.08.2016 VG/SPS ITA NO.389/VIZAG/2015 & CO NO.47/VIZAG/2016 M/S. KEERTHI BIO MEDICAL PVT. LTD., VJA 3 '! (! /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE ITO, WARD-2(2), VIJAYAWADA. 2. / THE RESPONDENT M/S. KEERTHI BIO MEDICAL PVT. L TD., D.NO.39-2-11, PITCHAIAH STREET, VIJAYAWADA-520 010. 3. ) / THE CIT, VIJAYAWADA 4. ) ( ) / THE CIT(A), VIJAYAWADA 5. ! , , , , ! / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // /0 , (SR.PRIVATE SECRETARY) , , ! / ITAT, VISAKHAPATNAM