THE DCIT, CIRCLE - 3(1) (TDS), Vijayawada V. M/s Oriental Bank of Commerce, Vijayawada

ITA 456/VIZ/2013

• Counselvise Citation: [2015] 134 COUNSELVISE.COM (IT) 0028 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 6 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-12-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2011-2012
• Appeal Filed On: 14-06-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: I SIRISH KUMAR
• Keywords: Tax effect

Judgement Text

ITA N O. 456/VIZ/2013 M/S. ORIENTAL BANK OF COMMERCE, 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. 456/VIZAG/2013 ( / ASSESSMENT YEAR : 2011-12) DC IT , CIRCLE - 3( 1 ) (TDS) , VIJAYAWADA. VS. M/S. ORIENTAL BANK OF COMMERCE, NO. 39-9-1, SAILOK COMPLEX, M.G. ROAD, LABBIPET, VIJAYAWADA. [ TAN : HYDGO 1621 E] ( & & & & / APPELLANT) ( '(& '(& '(& '(& / RESPONDENT ) & ) / ASSESSEE BY : SHRI D.L. N ARASIMHA RAO - ADV . '(& ) / REVENUE BY : SHRI I. SIRISH KUMAR DR ) - / DATE OF HEARING : 2 8 /12/2015 ) - / DATE OF PRONOUNCEMENT : 28/12 /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 22/03/2013 FOR THE A.Y. 20 11-12. ITA NO. 456/VIZ/2013 M/S. ORIENTAL BANK OF COMMERCE, VIJAYAWADA 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 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 28 TH DECEMBER, 2015. SD/- SD/- ( . . . . ) ( . ) ( G. MANJUNATHA) ( (( ( V. DURGA RAO ) )) ) / // / ACCOUNTANT MEMBER / // / JUDICIAL MEMBER /VISAKHAPATNAM: 3 / DATED : 28/12/2015 VG/SPS ) ' 4 / COPY OF THE ORDER FORWARDED TO :- 1. & / THE ASSESSEE M/S. ORIENTAL BANK OF COMMERCE, NO. 39-9-1, SAILOK COMPLEX, M.G. ROAD, LABBIPET, VIJAYAWADA. 2. '(& / THE REVENUE DCIT, CIRCLE-3(1)(TDS), VIJAYAWADA . 3. 5 / THE CIT(TDS), VIJAYAWADA. 4. 5 ( ) / THE CIT (A), VIJAYAWADA. 5. ' , , / DR, ITAT, VISAKHAPATNAM 6. / GUARD FILE / BY ORDER // TRUE COPY //