The Deputy Commissioner of Income Tax, Circle-4(1), Visakhapatnam V. Sri Kimidi Surapu Naidu Jute Twine Industries Private Limited , Srikakulam

ITA 490/VIZ/2018

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 7796 (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: SMC
• Assessment Year: 2012-2013
• Appeal Filed On: 28-09-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: V APPALA RAJU
• Keywords: Tax effect
• Section: 2

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. 490 & 491 / VIZ /201 8 (ASST. YEAR : 20 12 - 13 & 20 13 - 1 4 ) DCIT, CIRCLE - 4(1), VISAKHAPATNAM. V S . M/S. SRI KIMIDI SURAPU NAIDU JUTE TWINE INDUSTRIES PVT. LTD., REGIDI, AMADALAVASALA, SRIKAKULAM . PAN NO. AACCS 4238 F (APPELLANT) (RESPONDENT) ASSESSEE BY : NONE DEPARTMENT BY : SHRI V. APPALA RAJU SR. DR DATE OF HEARING : 03 / 0 1 /201 9 . DATE OF PRONOUNCEMENT : 11 / 0 1 /201 9 . O R D E R PER V. DURGA RAO, JUDICIAL MEMBER THESE APPEAL S BY THE REVENUE ARE DIRECTED AGAINST THE COMMON ORDER OF COMMISSIONER OF INCOME TAX (APPEALS) - 9 , HYDERABAD , DATED 28 /0 6 /201 8 FOR THE ASSESSMENT YEARS 20 12 - 13 & 20 13 - 1 4 . 2. WHEN THESE APPEALS ARE TAKEN UP FOR HEARING , WE HAVE NOTICED THAT TAX EFFECT INVOLVED IN THESE APPEALS IS BELOW RS.20.00 LAKHS AND AS PER CBDT CIRCULAR NO. 03 /201 8 , DATED 11.07 .201 8 2 ITA NO S . 490 & 491/VIZ/2018 ( M/S. KIMIDI SURAPU NAIDU JUTE TWINE INDUSTRIES P. LTD. ) BEING RETROSPECTIVE IN NATURE, THE APPEAL S FILED BY THE REVENUE ARE NOT MAINTAINABLE. THE LD. D.R. HAS NOT RAISED AN Y OBJECTION. IN VIEW OF THE ABOVE, THE APPEAL S FILED BY THE REVENUE ARE NOT MAINTAINABLE AND ACCORDINGLY DISMISSED . 3 . IN THE RESULT, APPEAL S FILED BY THE REVENUE ARE DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON TH IS 1 1 T H DAY OF JAN . , 201 9 . S D / - S D / - ( D.S. SUNDER SINGH ) ( V. DURGA RAO ) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED : 1 1 T H JAN . , 201 9 . VR/ - COPY TO: 1. THE ASSESSEE - M/S. SRI KIMIDI SURAPU NAIDU JUTE TWINE INDUSTRIES PVT. LTD., REGIDI, AMADALAVASALA, SRIKAKULAM. 2. THE REVENUE - DCIT, CIRCLE - 4(1), VISAKHAPATNAM. 3. THE PR.CIT - 2, VISAKHAPATNAM. 4. THE CIT(A) - 9, HYDERABAD. 5. THE D.R . , VISAKHAPATNAM. 6. GUARD FILE. BY ORDER (VUKKEM RAMBABU) SR. PRIVATE SECRETARY, ITAT, VISAKHAPATNAM. 3 ITA NO S . 490 & 491/VIZ/2018 ( M/S. KIMIDI SURAPU NAIDU JUTE TWINE INDUSTRIES P. LTD. )