THE ITO., WARD-2, SRIKAKULAM., Srikakulam V. M/s S.R.R.Eastates, Srikakulam

ITA 438/VIZ/2012

• Counselvise Citation: [2016] 132 COUNSELVISE.COM (IT) 1143 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 3 year(s) 5 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-05-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 02-03-2016
• Assessment Year: 2009-2010
• Appeal Filed On: 04-12-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: K RAVI
• Keywords: Tax effect

Judgement Text

ITA 438/VIZAG/2012 M/S. S.R.R. ESTATES, SRIKAKULAM 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.438/VIZAG/2012 ( / ASSESSMENT YEAR : 2009-10) ITO, WARD - 2, SRIKAKULAM VS. M/S. S.R.R. ESTATES, SRIKAKULAM [ PAN : ABLFS 4209B] ( ) / APPELLANT) ( *+) / RESPONDENT ) / ASSESSEE BY : SHRI K. RAVI, DR #$ / REVENUE BY : SHRI G.V.N. HARI, AR ( / DATE OF HEARING : 27.05.2016 ( / DATE OF PRONOUNCEMENT : 27.05.2016 / O R D E R PER G. MANJUNATHA, ACCOUNTANT MEMBER: THIS APPEAL IS FILED BY THE REVENUE AGAINST THE ORD ER OF THE CIT(A), VISAKHAPATNAM DATED 27.09.2012 FOR THE A.Y. 2009-10. 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 LAC. AS PER THE LATEST CIRCULAR NO.21 /2015 OF CBDT DATED ITA 204/VIZAG/2012 G. VEERABHADRA RAO, VIJAYAWADA 2 10/12/2015, BEING RETROSPECTIVE IN NATURE, THE APPE AL 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 REVE NUE 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 27 TH MAY16. SD/- SD/- ( . ) ( . ) ( V. DURGA RAO ) ( G. MANJUNATHA) / JUDICIAL MEMBER / ACCOUNTANT MEMBER , /VISAKHAPATNAM: 0 / DATED : 27.05.2016 VG/SPS # 2, 3,/ COPY OF THE ORDER FORWARDED TO :- 1. / THE ASSESSEE ITO, WARD-2, SRIKAKULAM 2. #$ / THE REVENUE M/S. S.R.R. ESTATES, D.NO.1-5-86, GOVERNMENT HOSPITAL JUNCTION, BALAGA, SRIKAKULAM. 3. 4 / THE CIT, VISAKHAPATNAM 4. 4 ( ) / THE CIT (A), VISAKHAPATNAM 5. , # 7 , ( 7 , , / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER :; 7 ( SR.PRIVATE SECRETARY ) ( 7 , , / ITAT, VISAKHAPATNAM