ACIT, Circle-3(1), Visakhapatnam V. Facor Alloys Ltd, , Vizianagaram

ITA 447/VIZ/2017

• Counselvise Citation: [2017] 126 COUNSELVISE.COM (IT) 6449 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 4 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-12-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2010-2011
• Appeal Filed On: 27-07-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: V APPALA RAJU
• Assessee Lawyers: C V S MURTHY
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL VISAKHAPATNAM SMC BENCH, VISAKHAPATNAM BEFORE SHRI V. DURGA RAO, HON'BLE JUDICIAL MEMBER ITA NO. 447 / VIZ /201 7 (ASST. YEAR : 20 10 - 1 1 ) ACIT, CIRCLE - 3(1), VISAKHAPATNAM. VS. M/S. FACOR ALLOYS LTD., SHREE RAM NAGAR, GARIVIDI, VIZIANAGARAM. PAN NO. AAACG 8101 C (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI C.V.S. MURTHY FC A. DEPARTMENT BY : SHRI V. APPALA RAJU SR. DR DATE OF HEARING : 20 / 1 2 /201 7 . DATE OF PRONOUNCEMENT : 20 / 1 2 /201 7 . O R D E R THIS IS AN APPEAL FILED BY THE REVENUE AGAINST THE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS) - 1 , VISAKHAPATNAM , DATED 18 /0 5 /2017 FOR THE ASSESSMENT YEAR 2010 - 11 . 2. WHEN THIS APPEAL IS TAKEN UP FOR HEARING, LD. AUTHORIZED REPRESENTATIVE FOR THE ASSESSEE HAS SUBMITTED THAT TAX EFFECT INVOLVED IN THIS APPEAL IS BELOW RS. 10 LAKHS AND A S PER THE CBDT CIRCULAR N O.21/2015, DATED 10.12.2015, THE APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE. THE LD. D.R. HAS NOT RAISED ANY 2 ITA NO. 447 / VIZ /201 7 (M/S. FACOR ALLOYS LTD.) OBJECTION. IN VIEW OF THE ABOVE, THE APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE, HENCE, THE SAME IS DISMISSED. 3 . IN THE RESULT, APPEAL FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON THIS 20 TH DAY OF DEC . , 201 7 . S D / - ( V. DURGA RAO ) JUDICIAL MEMBER DATED : 20 TH DECEMBER , 201 7 . VR/ - COPY TO: 1. THE ASSESSEE - M/S. FACOR ALLOYS LTD., SHREE RAM NAGAR, GARIVIDI, VIZIANAGARAM. 2. THE REVENUE ACIT, CIRCLE - 3(1), VISAKHAPATNAM. 3. THE PR. CIT - 1, VISAKHAPATNAM. 4. THE CIT(A) - 1, VISAKHAPATNAM. 5. THE D.R. , VISAKHAPATNAM. 6. GUARD FILE. BY ORDER (VUKKEM RAMBABU) SENIOR PRIVATE SECRETARY, ITAT, VISAKHAPATNAM.