The DCIT, Visakhapatnam V. M/s. Steel City Securities Ltd., Visakhapatnam

ITA 395/VIZ/2016

• Counselvise Citation: [2017] 126 COUNSELVISE.COM (IT) 6740 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 11 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-09-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 16-03-2017
• Assessment Year: 2011-2012
• Appeal Filed On: 14-09-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: K DEVA RATNA KUMAR
• Keywords: Tax effect

Judgement Text

ITA NO.395/VIZAG/2016 M/S. STEEL CITY SECURITIES LTD., VSKP 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM . , . . ' , % BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER & SHRI D.S. SUNDER SINGH, ACCOUNTANT MEMBER ./I.T.A.NO.395/VIZAG/2016 ( / ASSESSMENT YEAR: 2011-12) DCIT, CIRCLE - 4(1), VISAKHAPATNAM M/S. STEEL CITY SECURITIES LTD., VISAKHAPATNAM [PAN NO. AAECS0970L ] ( ' / APPELLANT) ( ()' / RESPONDENT) / APPELLANT BY : SHRI K. DEVA RATNA KUMAR, DR / RESPONDENT BY : SHRI G.V.N. HARI, AR / DATE OF HEARING : 30.06.2017 / DATE OF PRONOUNCEMENT : 05.09.2017 / 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)- 2, VIJAYAWADA DATED 22.6.2016 FOR THE ASSESSMENT YE AR 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 ITA NO.395/VIZAG/2016 M/S. STEEL CITY SECURITIES LTD., 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, THE 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. THE ABOVE ORDER WAS PRONOUNCED IN THE OPEN COURT O N 5 TH SEPT17. SD/- SD/- ( . . ' ) ( . ) (D.S. SUNDER SINGH) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER # /VISAKHAPATNAM: ' /DATED : 05.09.2017 VG/SPS )# *# /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE DCIT, CIRCLE-4(1), VISAKHAPA TNAM 2. / THE RESPONDENT M/S. STEEL CITY SECURITIES LIMI TED, D.NO.49-52-5/4, SRIKANYA TOWERS, SHANTIPURAM, VISAKHAPATNAM 3. + / THE CIT, VISAKHAPATNAM 4. + ( ) / THE CIT (A)-2, VISAKHAPATNAM 5. # . , . , # / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // SR. PRIVATE SECRETARY ITAT, VISAKHAPATNAM