Dy. Commissioner of Income Tax , Circle-2(1), Hyderabad V. Jath Wind Energy Private Limited , Hyderabad

ITA 502/Hyd/2019

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 2464 (ITAT-HYDERABAD)
• Duration Of Justice: 5 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-09-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-B
• Assessment Year: 2014-2015
• Appeal Filed On: 05-04-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: AMIT MISHRA; AMAN BARASIA
• Keywords: Tax effect

Judgement Text

ITA NO 502 OF 2019 JATH WIND ENERRY P LTD HYDERAB AD PAGE 1 OF 2 IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI S.RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA NO.502/HYD/2019 ASSESSMENT YEAR: 2014-15 DY. COMMISSIONER OF INCOME TAX, CIRCLE 2(1) HYDERABAD VS. JATH WIND ENERGY PRIVATE LTD HYDERABAD PAN:AADCJ 1913D (APPELLANT) (RESPONDENT) REVENUE: SHRI MOHAN KUMAR, DR ASSESSEE BY: SRI AMIT MISHRA & MR. AMAN BARASIA DATE OF HEARING: 19/08/2019 DATE OF PRONOUNCEMENT: 05/09/2019 ORDER PER SMT. P. MADHAVI DEVI, J.M. THIS IS ASSESSEES APPEAL FOR THE A.Y 2014-15 AGAIN ST THE ORDER OF THE CIT (A)-2, HYDERABAD, DATED 29.01. 2019. 2. AT THE TIME OF HEARING IT HAS BEEN BROUGHT TO OU R NOTICE THAT THE TAX EFFECT IN THIS APPEAL IS LESS T HAN RS. 50.00 LAKHS. ON VERIFICATION OF THE ASSESSMENT ORD ER, IT IS NOTICED THAT THE ADDITION WHICH HAS BEEN DELETED BY THE CIT(A) IS LESS THANRS.10.00 LAKHS. IN THE LIGHT OF THE CBDT CIRCULAR NO. 17/2019 DATED 8 TH AUGUST, 2019, THE REVENUES APPEAL IS DISMISSED ON ACCOUNT OF LOW TAX EFFECT. ITA NO 502 OF 2019 JATH WIND ENERRY P LTD HYDERAB AD PAGE 2 OF 2 3. IN THE RESULT, APPEAL FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 5 TH SEPTEMBER, 2019. SD/- SD/- (S. RIFAUR RAHMAN) (P. MADHAVI DEVI) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DATED 5 TH SEPTEMBER, 2019. VINODAN/SPS COPY TO: 1 DY.CIT, CIRCLE 2(1) ROOM NO.514, 5 TH FLOOR, SIGNATURE TOWERS, KONDAPUR 500084 2 M/S. JATH WIND ENERGY P LTD, 8-2-684/2/A, NSL ICO N, 4 TH FLOOR, ROAD NO.12, BANJARA HILLS, HYDERABAD 500034 3 CIT (A)-2 HYDERABAD 4 PR. CIT 2 HYDERBAD 5 THE DR, ITAT HYDERABAD 6 GUARD FILE BY ORDER