Assistant Commissioner of Income Tax, Circle-5(1), Visakhapatnam V. Brandix India Apparel City Private Limited, , Visakhapatnam

ITA 486/VIZ/2018

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 7795 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 3 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-01-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2011-2012
• Appeal Filed On: 28-09-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: V APPALA RAJU
• Keywords: Tax effect

Judgement Text

ITA NO. 486 /V IZ /201 8 & CO NO. 01 /V IZ /201 9 ( M/S. BRANDIX INDIA APPAREL CITY PVT. LTD. ) 1 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 I . T .A.NO. 486 /VIZ / 2018 ( ASSESSMENT YEAR: 20 1 1 - 1 2 ) A CIT, CIRCLE - 5 (1) VISAKHAPAT NAM. VS. M/S. BRANDIX INDIA APPAREL CITY PVT. LTD., APSEZ, PUDIMADAKA ROAD, AT C HUTAPURAM MANDAL, VISAKHAPATNAM. [PAN: AACCB 8665 P ] (APPELLANT) (RESPONDENT) C.O. NO. 01 /V IZ/2019 (ARISING OUT OF I.T.A.NO. 486 /V IZ /201 8 ) (ASSESSMENT YEAR: 20 1 1 - 1 2 ) M/S. BRANDIX INDIA APPAREL CITY PVT. LTD., APSEZ, PUDIMADAKA ROAD, ATCHUTAPURAM MANDAL, VISAKHAPATNAM. VS. A CIT, CIRCLE - 5 (1) VISAKHAPATNAM. [PAN: AACCB 8665 P ] ( APPLICANT ) (RESPONDENT) ASSESSEE BY : SHRI G.V.N. HARI ADVOCATE DEPARTM ENT BY : SHRI V. APPALA RAJU SR. DR D ATE OF HEARING : 03 . 0 1 .201 9 DATE OF P RONOUNCEMENT : 11 . 01 .201 9 O R D E R PER V. DURGA RAO, JUDICIAL MEMBER : THIS IS AN APPEAL FILED BY THE REVENUE AND THE CROSS OBJECTION FILED BY THE ASSESSEE AGAINST THE ORDER OF THE LD. CIT(A) - 9 , HYDERABAD, DATED 2 2 .06 .201 8 FOR THE A SSESSMENT Y EAR 201 1 - 1 2 . ITA NO. 486 /V IZ /201 8 & CO NO. 01 /V IZ /201 9 ( M/S. BRANDIX INDIA APPAREL CITY PVT. LTD. ) 2 2. WHEN THIS APPEAL IS TAKEN UP FOR HEARING, L D. C OUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT INVOLVED I N THIS APPEAL IS BELOW RS.2 0 LAKHS AND A S PER THE CBDT CIRCULAR NO. 03 /201 8 DATED 11.07 .201 8 BEING RETROSPECTIVE IN NATURE, THE APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE. THE LD. D.R. HAS NOT RAISED ANY OBJECTION. IN VIEW OF THE ABOVE, THE APPEAL FI LED BY THE REVENUE IS NOT MAINTAINABLE , H ENCE, SAME IS DISMISSED. 3. THE CROSS OBJECTION FILED BY THE ASSESSEE IS IN SUPPORT OF THE ORDER OF THE L D. CIT(A), HENCE, THE SAME HAS BECOME INFRUCTUOUS AND IS DISMISSED ACCORDINGLY . 4. IN THE RESULT, APPEAL FILED BY THE REVENUE AND THE CROSS OBJECTION FILED BY THE ASSESSEE ARE DISMISSED . O RDER PRONOUNCED IN THE OPEN COURT ON 11 TH JANUARY, 201 9 . S D/ - S D / - ( D.S. SUNDER SINGH ) ( V. DURGA RAO) ACCOUNTANT MEMBER JUDICIAL MEMBER VISAKHAPATNAM DATED : 11 / 0 1/ 201 9 VR / - ITA NO. 486 /V IZ /201 8 & CO NO. 01 /V IZ /201 9 ( M/S. BRANDIX INDIA APPAREL CITY PVT. LTD. ) 3 COPY OF THE ORDER FORWARDED TO : - 1. THE ASSESSEE M/S. BRANDIX INDIA APPAREL CITY PVT. LTD., APSEZ, PUDIMADAKA ROAD, ATCHUTAPURAM MANDAL,VISA KHAPATNAM. 2. THE REVENUE A CIT, CIRCLE - 5 (1), VISAKHAPATNAM. 3. THE PR. CIT - 2, VISAKHAPATNAM. 4 . THE CIT(A) - 9 , HYDERABAD. 5 . DR, ITAT, VISAKHAPATNAM 6 . GUARD FILE BY ORDER SENIOR PRIVATE SECRETARY ITAT, VISAKHAPATNAM