THE DCIT, CIRCLE - 2, Vijayawada V. Nangineni Chowdary Babu, Vijayawada

ITA 450/VIZ/2014

• Counselvise Citation: [2015] 134 COUNSELVISE.COM (IT) 0098 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 1 year(s) 5 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-12-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2007-2008
• Appeal Filed On: 04-07-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

ITA NO.450/VIZAG/2014 SRI NANGINENI CHOWDARY BABU, 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.450/VIZAG/2014 ( / ASSESSMENT YEAR : 2007-08) DCIT CENTRAL CIRCLE VIJAYAWADA VS. SRI NANGINENI CHOWDARY BABU VIJAYAWADA [ PAN: ACVPN 0312R ] ( & & & & / APPELLANT) ( '(& '(& '(& '(& / RESPONDENT ) & ) / APPELLANT BY : SHRI M.N. MURTHY NAIK, DR '(& ) / RESPONDENT BY : SHRI C. SUBRAHMANYAM, AR ) - / DATE OF HEARING : 22.12.2015 ) - / DATE OF PRONOUNCEMENT : 22.12.2015 / 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 28.4.2014 FOR THE ASSESSMENT YEAR 2007-08. 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 LAKHS. AS PER THE LATEST CIRCULAR NO.21 /2015 DATED 10.12.2015 OFCBDT BEING RETROSPECTIVE IN NATURE, TH E APPEAL FILED BY THE ITA NO.450/VIZAG/2014 SRI NANGINENI CHOWDARY BABU, VIJAYAWADA 2 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. 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 DCIT, CENTRAL CIRCLE, VIJAYAWADA 2. '(& / THE RESPONDENT SRI NANGINENI CHOWDARY BABU, D.NO.54-14-8/25/6, BHARATHI NAGAR, VIJAYAWADA 3. 5 / THE CIT, VIJAYAWADA 4. 5 / THE CIT (CENTRAL), HYDERABAD 5. 5 () / THE CIT(A), VIJAYAWADA 6. ' , , / // / DR, ITAT, VISAKHAPATNAM 7 . . . . / GUARD FILE / BY ORDER // TRUE COPY // 9: ( SR.PRIVATE SECRETARY ) , / // / ITAT, VISAKHAPATNAM