THE ACIT, CIRCLE - 2(1), Guntur V. Tirumal Hydel Power Projects Pvt Ltd., Chilakaluripeta

ITA 443/VIZ/2014

• Counselvise Citation: [2015] 134 COUNSELVISE.COM (IT) 0087 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 1 year(s) 5 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-12-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2010-2011
• Appeal Filed On: 02-07-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

ITA NOS.442&443 & CO NO.46/VIZAG/2014 M/S. TIRUMALA HYDEL POWER PROJECTS PVT. LTD., CHILA KALURIPET 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.NOS.442&443/VIZAG/2014 ( / ASSESSMENT YEAR : 2009-10 & 2010-11) ACIT CIRCLE - 2(1) GUNTUR VS. M/S. TIRUMALA HYDEL POWER PROJECTS PVT. LTD. CHILAKALURIPET [ PAN: AABCT 8060D] ( & & & & / APPELLANT) ( '(& '(& '(& '(& / RESPONDENT ) C.O. NO.46/VIZAG/2014 (ARISING OUT OF I.T.A.NO.442/VIZAG/2014) ( / ASSESSMENT YEAR : 2009-10) M/S. TIRUMALA HYDEL POWER PROJECTS PVT. LTD. CHILAKALURIPET VS. ACIT CIRCLE - 2(1) GUNTUR ( & & & & / APPELLANT) ( '(& '(& '(& '(& / RESPONDENT ) & ) / APPELLANT BY : SHRI M.N. MURTHY NAIK, DR '(& ) / RESPONDENT BY : SHRI G.V.N. HARI, AR ) - / DATE OF HEARING : 22.12.2015 ) - / DATE OF PRONOUNCEMENT : 22.12.2015 ITA NOS.442&443 & CO NO.46/VIZAG/2014 M/S. TIRUMALA HYDEL POWER PROJECTS PVT. LTD., CHILA KALURIPET 2 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THESE APPEALS ARE FILED BY THE REVENUE AGAINST THE ORDER OF THE CIT(A), GUNTUR DATED 31.3.2014 FOR THE ASSESSMENT Y EARS 2009-10 & 2010-11 AND THE CROSS APPEAL IS FILED BY THE ASSESS EE IN SUPPORT OF ORDER OF CIT(A) FOR THE ASSESSMENT YEAR 2009-10. 2. WHEN THESE APPEALS ARE TAKEN UP FOR HEARING, THE LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT INVO LVED IN THESE APPEALS IS BELOW RS.10 LAKHS. AS PER THE LATEST CIRCULAR N O.21/2015 DATED 10.12.2015 OF CBDT BEING RETROSPECTIVE IN NATURE, T HE APPEALS FILED BY THE REVENUE ARE NOT MAINTAINABLE. THE LD. D.R. HAS NOT RAISED ANY OBJECTION. IN VIEW OF THE ABOVE, THE APPEALS FILED BY THE REVENUE ARE NOT MAINTAINABLE. HENCE, THE SAME ARE 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. ITA NOS.442&443 & CO NO.46/VIZAG/2014 M/S. TIRUMALA HYDEL POWER PROJECTS PVT. LTD., CHILA KALURIPET 3 4. IN THE RESULT, THE APPEALS FILED BY THE REVENUE ARE DISMISSED AND THE CROSS APPEAL FILED BY THE ASSESSEE IS ALSO DISMISSED. THE ABOVE ORDER WAS PRONOUNCED IN THE OPEN COURT ON 22 ND DEC15. SD/- SD/- ( . . . . ) ( . ) ( G. MANJUNATHA) ( (( ( V. DURGA RAO ) )) ) / // / ACCOUNTANT MEMBER / // / JUDICIAL MEMBER /VISAKHAPATNAM: 3 / DATED : 22.12.2015 VG/SPS ) ' 4 / COPY OF THE ORDER FORWARDED TO :- 1. & / THE APPELLANT THE ACIT, CIRCLE-2(1), GUNTUR 2. '(& / THE RESPONDENT M/S. TIRUMALA HYDEL POWER PROJECTS PVT. LTD., D.NO. 26- 141, SUBBAIAH THOTA, CHILAKALURIPET 3. 5 / THE CIT, GUNTUR 4. 5 () / THE CIT(A), GUNTUR 5. ' , , / // / DR, ITAT, VISAKHAPATNAM 6 . . . . / GUARD FILE / BY ORDER // TRUE COPY // 9: ( SR.PRIVATE SECRETARY ) , / // / ITAT, VISAKHAPATNAM