THE ACIT, CIRCLE - 1(1), Guntur V. Andhra Trade Development Corporation Pvt Ltd., Guntur

ITA 461/VIZ/2014

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 2004 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 1 year(s) 7 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-03-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2009-2010
• Appeal Filed On: 24-07-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: K TIRUMALA RAO
• Keywords: Tax effect

Judgement Text

ITA NO.461&462/VIZAG/2014 ANDHRA TRADE DEVELOPMENT CORPN. PVT. LTD., GUNTUR 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.461&462/VIZAG/2014 ( / ASSESSMENT YEAR: 2009-10 & 2010-11) ACIT CIRCLE - 1( 1 ) GUNTUR VS. ANDHRA TRADE DEVELOPMENT CORPORATION PVT. LTD. GUNTUR [PAN: AABCA 8777C ] ( % / APPELLANT) ( &'% / RESPONDENT) / APPELLANT BY : SHRI M.N. MURTHY NAIK, DR / RESPONDENT BY : SHRI K. TIRUMALA RAO, AR / DATE OF HEARING : 23.03.2016 / DATE OF PRONOUNCEMENT : 23.03.2016 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THIS APPEAL IS FILED BY THE REVENUE AGAINST THE OR DER OF THE CIT(A), GUNTUR DATED 28.05.2014 FOR THE ASSESSMENT YEAR 200 9-10 & 2010-11. 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 ITA NO.461&462/VIZAG/2014 ANDHRA TRADE DEVELOPMENT CORPN. PVT. LTD., GUNTUR 2 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, THESE APPEALS FIL ED BY THE REVENUE ARE NOT MAINTAINABLE. HENCE, THE SAME ARE DISMISSED. 3. IN THE RESULT, THE APPEALS FILED BY THE REVENUE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 23 RD MAR16 SD/- SD/- ( . ) ( . ) (G. MANJUNATHA) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER ! /VISAKHAPATNAM: % /DATED : 23.03.2016 VG/SPS '! (! /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE ACIT, CIRCLE-1(1), GUNTUR 2. / THE RESPONDENT M/S. ANDHRA TRADE DEVELOPMENT C ORPN. PVT. LTD., 8-24-13, ATDS PREMISES, MANGALAGIRI ROAD , GUNTUR 3. ) / THE CIT, GUNTUR 4. ) ( ) / THE CIT(A), GUNTUR 5. ! , , , , ! / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // /0 , (SR.PRIVATE SECRETARY) , , ! / ITAT, VISAKHAPATNAM