THE ITO., WARD-1, Tadepallegudem, Tadepallegudem V. M/s Sri Gayatri Academy for Technical Education, Tadepallegudem

ITA 478/VIZ/2012

• Counselvise Citation: [2015] 134 COUNSELVISE.COM (IT) 0020 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 3 year(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-12-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 07-12-2015
• Assessment Year: 2008-2009
• Appeal Filed On: 17-12-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

ITA NO.478/VIZAG/2012 & CO 12/VIZAG/2013 SRI GAYATRI ACADEMY FOR TECHNICAL EDUCATION, TADEPALLIGUDEM 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.478/VIZAG/2012 ( / ASSESSMENT YEAR : 2008-09) ITO WARD - 1 TADEPALLIGUDEM VS. M/S. SRI GAYATRI ACADEMY FOR TECHNICAL EDUCATION TADEPALLIGUDEM [ PAN: AAAJT 2069C ] ( & & & & / APPELLANT) ( '(& '(& '(& '(& / RESPONDENT ) C.O. NO.12/VIZAG/2013 (ARISING OUT OF I.T.A.NO.478/VIZAG/2012) ( / ASSESSMENT YEAR : 2008-09) M/S. SRI GAYATRI ACADEMY FOR TECHNICAL EDUCATION TADEPALLIGUDEM VS. ITO WARD - 1 TADEPALLIGUDEM ( & & & & / APPELLANT) ( '(& '(& '(& '(& / RESPONDENT ) & ) / APPELLANT BY : SHRI I. SIRISH KU MAR , DR '(& ) / RESPONDENT BY : SHRI G.V.N. HARI, AR ) - / DATE OF HEARING : 28.12.2015 ) - / DATE OF PRONOUNCEMENT : 28.12.2015 ITA NO.478/VIZAG/2012 & CO 12/VIZAG/2013 SRI GAYATRI ACADEMY FOR TECHNICAL EDUCATION, TADEPALLIGUDEM 2 / 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), GUNTUR DATED 9.10.2012 FOR THE ASSESSMENT YEAR 2008 -09. 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.2 1/2015 DATED 10.12.2015 OF CBDT BEING RETROSPECTIVE IN NATURE, T HE APPEAL 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 REVENUE IS NOT MAINTAINABLE. HENCE, THE SAME IS DISMISSED. 3. THE CROSS APPEAL FILED BY THE ASSESSEE ONLY SUPP ORT THE ORDER OF LD. CIT(A). IN VIEW OF THE ABOVE, CROSS APPEAL IS DISMISSED. 4. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED AND THE CROSS APPEAL FILED BY THE ASSESSEE IS ALSO DISMISSED. THE ABOVE ORDER WAS PRONOUNCED IN THE OPEN COURT ON 28 TH DEC15. SD/- SD/- ( . . . . ) ( . ) ( G. MANJUNATHA) ( (( ( V. DURGA RAO ) )) ) / // / ACCOUNTANT MEMBER / // / JUDICIAL MEMBER /VISAKHAPATNAM: 3 / DATED : 28.12.2015 VG/SPS ITA NO.478/VIZAG/2012 & CO 12/VIZAG/2013 SRI GAYATRI ACADEMY FOR TECHNICAL EDUCATION, TADEPALLIGUDEM 3 ) ' 4 / COPY OF THE ORDER FORWARDED TO :- 1. & / THE APPELLANT THE ITO WARD-1, TADEPALLIGUDEM 2. '(& / THE RESPONDENT SRI GAYATRI ACADEMY FOR TECHNICAL EDUCATION, SRI BA LAJI AGENCIES BUILDING, MAIN ROAD, TADEPALLIGUDEM-534 10 1. 3. 5 / THE CIT, GUNTUR 4. 5 () / THE CIT(A), GUNTUR 5. ' , , / // / DR, ITAT, VISAKHAPATNAM 6 . . . . / GUARD FILE / BY ORDER // TRUE COPY // 9: ( SR.PRIVATE SECRETARY ) , / // / ITAT, VISAKHAPATNAM