THE DCIT, CIRCLE - 2(1), Vijayawada V. Sri Nadella Madhava Rao, Vijayawada

ITA 429/VIZ/2013

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 2093 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 8 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-02-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2004-2005
• Appeal Filed On: 03-06-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: P SRINIVASA MURTHYDR
• Keywords: Tax effect

Judgement Text

ITA NO.429/VIZAG/2013 NADELLA 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.429/VIZAG/2013 ( / ASSESSMENT YEAR : 2004-05) DCIT CIRCLE-2(1) VIJAYAWADA VS. SRI NADELLA MADHAVA RAO VIJAYAWADA [PAN :AARPN3713C] ( ) / APPELLANT) ( *+) / RESPONDENT ) ( ) / APPELLANT BY : SHRI P. SRINIVASA MURTHY,DR ,-( ) / RESPONDENT BY : SHRI G.V.N. HARI, AR ) 1 / DATE OF HEARING : 8.2.2016 ) 1 / DATE OF PRONOUNCEMENT : 8.2.2016 / 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 25.03.2013 FOR THE ASSESSMENT YEAR 2004-05. 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.429/VIZAG/2013 NADELLA MADHAVA RAO, VIJAYAWADA 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. ORDER PRONOUNCED IN THE OPEN COURT ON 8 TH FEB16. SD/- SD/- ( . ) (. ) ( G. MANJUNATHA) ( V. DURGA RAO ) / ACCOUNTANT MEMBER / JUDICIAL MEMBER 5 /VISAKHAPATNAM: 9 / DATED : 8.2.2016 VG/SPS ) , ;5 <5/ COPY OF THE ORDER FORWARDED TO :- 1. ( / THE APPELLANT THE DCIT CIRCLE-2(1), VIJAYAWADA 2. ,-( / THE RESPONDENT SRI NADELLA MADHAVA RAO, D.NO.40-15-9/10, CHANDRA BUILDINGS, BRINDAVAN COLONY, LABBIPET, VIJAYAWADA-5 20 010. 3. > / THE CIT, VIJAYAWADA 4. > () / THE CIT(A), VIJAYAWADA 5. 5 , A, 1 A , 5 / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // EF A ( SR.PRIVATE SECRETARY ) 1 A , 5 / ITAT, VISAKHAPATNAM