The ACIT, Visakhapatnam V. K.V..A.M.N.Patnaik, Visakhapatnam

ITA 60/VIZ/2016

• Counselvise Citation: [2017] 128 COUNSELVISE.COM (IT) 6439 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 1 year(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-03-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2011-2012
• Appeal Filed On: 15-02-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M K SETHI
• Assessee Lawyers: C KAMESWARA 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. 60 /V IZ / 2016 ( / ASSESSMENT YEAR: 20 11 - 1 2 ) AC IT , CIRCLE - 3(1) VISAKHAPATNAM. V S. SRI K . V . A . M . N . PATNAIK, 15 - 14 - 4/2, BUDDAVARAPU GARDENS, MAHARANIPETA, VISAKHAPATNAM. [PAN: AAPPP 5970 K ] ( / APPELLANT) ( / RESPONDENT) / APP ELLANT BY : SHRI M.K . SETHI SR. DR / RESPONDENT BY : SHRI C. KAMESWARA RAO - FC A / DATE OF HEARING : 0 2 .0 3 . 201 7 / DATE OF P RONOUNCEMENT : 02 .0 3 .201 7 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER : THIS APPEAL IS FILED BY THE REVENUE AGAINST THE ORDER OF THE CIT(A) - 1 , VISAKHAPATNAM, DATED 14 .1 2 .201 5 FOR THE A SSESSMENT Y EAR 2011 - 1 2 . 2. WHEN THIS APPEAL IS TAKEN UP FOR HEARING, LD. AUTHORIZED REPRESENTATIVE OF THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT ITA NO. 60 /VIZ /2016 (SRI KVAMN PATNAIK) 2 INVOLVED IN THIS APPEAL IS BELOW RS.10 LAKHS. AS PER THE CBDT CIRCULAR NO.21/2015 DATED 10.12.2015 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 FILED BY THE REVENUE IS NOT MAINTAINABLE , H ENCE, THE SAME IS DISMISSED. 3 . IN THE RESULT, THE APPEAL FI LED BY THE REVENUE IS DISMISSED. O RDER PRONOUNCED IN THE OPEN COURT ON 02 ND MARCH , 2017 . S D/ - SD/ - ( . ) ( . ) (G. MANJUNATHA) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER /VISAKHAPATNAM: /DATED : 0 2 .0 3 .201 7 V R / - / COPY OF THE ORDER FORWARDED TO : - 1. / THE APPELLANT ACIT, CIRCLE - 3(1), VISAKHAPATNAM. 2. / THE RESPONDENT SRI K.V.A.M.N. PATNAIK, 15 - 14 - 4/2, BUDDAVARAPU GARDENS , MAHARANIPETA, VISAKHAPATNAM. 3. / THE P CIT - 1 , VISAKHAPATNAM . 4 . ( ) / THE CIT(A) - 1 , VISAKHAPATNAM . 5 . , , / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / B Y ORDER // TRUE COPY // SENIOR PRIVATE SECRETA RY , / ITAT, VISAKHAPATNAM