THE ACIT, CIRCLE - 2(1), Guntur V. M/sThe Guntur Co-Operative Urban Bank Ltds., Guntur

ITA 561/VIZ/2013

• Counselvise Citation: [2017] 128 COUNSELVISE.COM (IT) 6412 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 3 year(s) 8 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-03-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 28-03-2017
• Assessment Year: 2009-2010
• Appeal Filed On: 22-07-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: S RAMA RAO
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM . , . , BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER & SHRI G. MANJ UNATHA, ACCOUNTANT MEMBER . / I . T .A.NO. 561 /V IZ / 2013 ( / ASSESSMENT YEAR: 200 9 - 10 ) AC IT , CIRCLE - 2( 1 ) GUNTUR VS. M/S. THE GUNTUR CO - OPERATIVE URBAN BANK LTD., 3/1, BRODIPET, GUNTUR. [PAN: AAAJT 1598 A ] ( / APPELLANT) ( / RESPONDENT) / APP ELLANT BY : SHRI M.N. MURTHY NAIK - DR / RESPONDENT BY : SHRI S. RAMA RAO - ADVOCATE / DATE OF HEARING : 2 8 .0 3 . 201 7 / DATE OF P RONOUNCEMENT : 28 .0 3 .201 7 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THIS APPEAL FILED BY THE REVENUE IS DIRECTED AGAINST THE ORDER O F THE CIT(A), GUNTUR DATED 15 .03 .2013 FOR THE ASSESSMENT YEAR 200 9 - 10 . 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 CBDT CIRCULAR N O.21/2015 DATED 10.12.2015 BEING RETROSPECTIVE IN NATURE, THE APPEAL FILED BY THE ITA NO. 561 /VIZ /2013 M/S. THE GUNTUR CO - OPERATIVE URBAN BANK LTD. 2 REVENUE IS NOT MAINTAINABLE. THE LD. D.R. HAS NOT RAISED ANY OBJECTION. IN VIEW OF THE ABOVE, THE APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE. HENCE, THE SAME IS DISMI SSED. 3 . IN THE RESULT, THE APPEAL FI LED BY THE REVENUE IS DISMISSED. O RDER PRONOUNCED IN THE OPEN COURT ON 28 TH MARCH , 2017 . S D/ - SD/ - ( . ) ( . ) ( G. MANJUNATHA) ( V. DURGA RAO ) / ACCOUNTANT MEMBER / JUDICIAL MEMBER /VISAKHAPATNAM: /DATED : 28 .0 3 .201 7 VR /SPS / COPY OF THE ORDER FORWARDED TO : - 1. / THE APPELLANT ACIT, CIRCLE - 2(1), GUNTUR 2. / THE RESPONDENT M/S. THE GUNTUR CO - OPERATIVE URBAN BANK LTD., 3/1, BRODIPET, GUNTUR. 3. / THE CIT, GUNTUR . 4 . ( ) / THE CIT(A) , GUNTUR . 5 . , , / DR, ITAT, VISAKHAPATNAM . 6 . / GUARD FILE / BY ORDER // TRUE COPY // SENIOR PRIVATE SECRETARY , / ITAT, VISAKHAPATNAM