Income Tax Officer, Ward-2(4) , Hyderabad V. Karunasree Theratipally , Hyderabad

ITA 436/Hyd/2020

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 6670 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 7 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-03-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2014-2015
• Appeal Filed On: 09-08-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “A”: HYDERABAD BEFORE SH RI SAT B EER S INGH GO DA RA , JU DI CIA L MEMBE R and LAXMI PR AS AD S AH U, A CCOUNT ANT ME MBER ITA No. 436/H/2020 Assessment Year: 2014-15 Income-tax Officer, Ward – 2(4), Hyderabad. Vs. Karunasree Theratipally, Hyderabad. PAN – ACHPT 4031H (Appellant) (Respondent) Revenue by: Shri Sunil Goutham Assessee by: Smt. Sandhya for Shri S. Rama Rao Date of hearing: 16/03/2022 Date of pronouncement: 17/03/2022 O R D E R PER BENCH: This appeal filed by the Revenue for AY 2014-15 is directed against CIT(A) - 2, Hyderabad’s order dated 29/05/2020 involving proceedings u/s 143(3) r.w.s. 263 of the Income Tax Act, 1961 ; in short “the Act”. 2. At the time of hearing it has been brought to our notice that as per the CBDT Circulars No.03/2018 dated 11.07.2018 and Circular No.17 of 2019 dated 9 th August, ITA No. 436/Hyd/2020 K a r u n s a s r e e T h e r a t i p a l l y , Hyd. :- 2 -: 2019, the tax limit for filing of appeal by the Revenue before the Tribunal has been fixed at Rs.50.00 lakhs. Since the tax effect in this appeal is less than Rs.50.00 lakhs, we are dismissing the same on account of low tax effect with the liberty to the Revenue to seek recall of the order, if any, of this case falls within the exceptions mentioned in the Circulars cited above. 3. In the result, Revenue’s appeal is dismissed in above terms. Pronounced in the open court on 17 th March, 2022 Sd/- Sd/- (L.P. SAHU) (S. S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER Hyderabad, Dated: 17 th March, 2022 kv copy to : 1 ITO, Ward – 2(4), Room No. 509, 5 th Floor, Singature Towers, Opp. Botanical Garden, Kondapur, Hyderabad – 500 084. 2 Sri Smt. Karunasree Theratipally, Plot No. 220, Road No. 9, Vasavi Colony, Near Astalakshmi Temple, Kothapet, Hyderabad. 3 CIT(A) –2, Hyderabad. 4 Pr. CIT – 2, Hyderabad. 5 ITAT, DR, Hyderabad 6 Guard File. ITA No. 436/Hyd/2020 K a r u n s a s r e e T h e r a t i p a l l y , Hyd. :- 3 -: S . N o . D e t a i l s D a t e 1 D r a f t d i c t a t e d o n 2 D r a f t p l a c e d b e f o r e a u t h o r 3 D r a f t p r o p o s e d & p l a c e d b e f o r e t h e S e c o n d M e m b e r 4 D r a f t d i s c u s s e d / a p p r o v e d b y S e c o n d M e m b e r 5 A p p r o v e d D r a f t c o m e s t o t h e S r . P S / P S 6 K e p t f o r p r o n o u n c e m e n t 7 F i l e s e n t t o B e n c h C l e r k 8 D a t e o n w h i c h t h e f i l e g o e s t o H e a d C l e r k 9 D a t e o n w h i c h f i l e g o e s t o A . R . 10 D a t e o f D i s p a t c h o f o r d e r