THE ACIT, CIRCLE - 1(1), Guntur V. M/s The Guntur District Co-Operative Central Bank Ltd., Guntur

ITA 542/VIZ/2013

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 2073 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 7 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-02-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 29-02-2016
• Assessment Year: 2009-2010
• Appeal Filed On: 15-07-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: I SARISH KUMAR
• Keywords: Tax effect

Judgement Text

ITA 542/VIZAG/2013 M/S. THE GUNTUR DISTRICT CO-OP. CENTRAL BANK 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.542/VIZAG/2013 ( / ASSESSMENT YEAR : 2009-10) ACIT CIRCLE - 1(1) GUNTUR VS. M/S. THE GUNTUR DISTRICT CO-OPERATIVE CENTRAL BANK LTD., GUNTUR [ PAN : AAATT6101H] ( ) / APPELLANT) ( *+) / RESPONDENT ) / ASSESSEE BY : SHRI I. SARISH KUMAR, DR. #$ / REVENUE BY : SHRI G.V.N . HARI, AR ( / DATE OF HEARING : 29.02.2016 ( / DATE OF PRONOUNCEMENT : 29.02.2016 / O R D E R PER G. MANJUNATHA, ACCOUNTANT MEMBER: THIS APPEAL IS FILED BY THE REVENUE AGAINST THE ORD ER OF THE CIT(A), GUNTUR DATED 15.03.2013 FOR THE A.Y. 2009-1 0. 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 ITA 204/VIZAG/2012 G. VEERABHADRA RAO, VIJAYAWADA 2 BELOW RS. 10 LAC. AS PER THE LATEST CIRCULAR NO.21 /2015 OF CBDT DATED 10/12/2015, BEING RETROSPECTIVE IN NATURE, THE APPE AL 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 REVE NUE IS NOT MAINTAINABLE. HENCE, THE SAME IS DISMISSED. 3. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 29 TH FEB16. SD/- SD/- ( . ) ( . ) ( V. DURGA RAO ) ( G. MANJUNATHA) / JUDICIAL MEMBER / ACCOUNTANT MEMBER , /VISAKHAPATNAM: 0 / DATED :29.02.2016 VG/SPS # 2, 3,/ COPY OF THE ORDER FORWARDED TO :- 1. / THE ASSESSEE THE ACIT, CIRCLE-1(1), GUNTUR 2. #$ / THE REVENUE M/S. THE GUNTUR DISTRICT CO-OPERAT IVE CENTRAL BANK LTD., BOSE ROAD, PB NO.6, GUNTUR. 3. 4 / THE CIT, GUNTUR 4. 4 ( ) / THE CIT (A), GUNTUR 5. , # 7 , ( 7 , , / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER :; 7 ( SR.PRIVATE SECRETARY ) ( 7 , , / ITAT, VISAKHAPATNAM