ACIT, Circle-1(1),, Visakhapatnam V. Steel City Enterprises, Visakhapatnam

ITA 452/VIZ/2017

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 8791 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 5 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-01-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2012-2013
• Appeal Filed On: 03-08-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: D J P ANAND
• Assessee Lawyers: C V S MURTHY
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL VISAKHAPATNAM BENCH, VISAKHAPATNAM BEFORE SHRI V. DURGA RAO , HONBLE JUDICIAL MEMBER & SHRI D.S. SUNDER SINGH , HONBLE ACCOUNTANT MEMBER ITA NO. 452 / VIZ /201 7 (ASST. YEAR : 20 12 - 13 ) ACIT, CIRCLE - 1(1), VISAKHAPATNAM. V S . M/S. STEEL CITY ENTERPRISES, D.NO. 26 - 3 - 4, 75 FEET ROAD, VISAKHAPATNAM. PAN NO. AASFS 2210 A (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI C.V.S. MURTHY FC A. DEPARTMENT BY : SHRI D.J.P. ANAND SR. DR DATE OF HEARING : 24 / 0 1 /201 8 . DATE OF PRONOUNCEMENT : 24 / 0 1 /201 8 . O R D E R PER V. DURGA RAO, JUDICIAL MEMBER TH IS APPEAL BY THE REVENUE IS DIRECTED AGAINST THE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS) - 1 , VISAKHAPATNAM , DATED 2 4 /0 4 /201 7 FOR THE ASSESSMENT YEAR 20 12 - 13 . 2. WHEN THIS APPEAL IS TAKEN UP FOR HEARING, LD. AUTHORIZED REPRESENTATIVE FOR THE ASSESSEE HAS SUBMITTED THAT THE 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. LD. DEPARTMENTAL REPRESENTATIVE 2 ITA NO. 452/VIZ/2017 ( M/S. STEEL CITY ENTERPRISES ) HAS NOT RAISED ANY OBJECTION. IN VIEW OF THE ABOVE, THIS APPEAL FI LED BY THE REVENUE IS NOT MAINTAINABLE AND ACCORDINGLY DISMISSED. 3 . IN THE RESULT, THE APPEAL FILED BY THE REVENUE IS DISMISSED . ORDER PRONOUNCED IN OPEN COURT ON TH IS 24 TH DAY OF JAN . , 201 8 . SD/ - SD/ - ( D.S. SUNDER SINGH ) ( V. DURGA RAO ) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED : 24 TH JANUARY , 201 8 . VR/ - COPY TO: 1. THE ASSESSEE M/S. STEEL CITY ENTERPRISES, D.NO. 26 - 3 - 4, 75 FEET ROAD, VISAKHAPATNAM. 2. THE REVENUE - A CIT, CIRCLE - 1 (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) SR. PRIVATE SECRETARY, ITAT, VISAKHAPATNAM.