THE ACIT., CENTRAL CIRCLE - 2, Visakhapatnam V. Guthikonda Veerbhadra Rao, Vijayawada

ITA 616/VIZ/2013

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 2104 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 4 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-02-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2008-2009
• Appeal Filed On: 04-10-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: G GURUSWAMY
• Keywords: Tax effect

Judgement Text

ITA NO.616/VIZAG/2013 GUTHIKONDA VEERABHADRA RAO, VIJAYAWADA 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.616/VIZAG/2013 ( / ASSESSMENT YEAR : 2008-09) ACIT CENTRAL CIRCLE-2 VISAKHAPATNAM VS. GUTHIKONDA VEERABHADRA RAO VIJAYAWADA [ [ PAN: AEJPG7314L ] ( ) / APPELLANT) ( *+) / RESPONDENT ) / APPELLANT BY : SHRI G. GURUSWAMY , DR #$ / RESPONDENT BY : SHRI G.V.N. HARI , AR ( / DATE OF HEARING : 17 .02.2016 ( / DATE OF PRONOUNCEMENT : 17.02.2016 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THIS APPEAL IS FILED BY THE REVENUE AGAINST THE ORD ER OF THE CIT(A)- I, HYDERABAD DATED 12.7.2013 FOR THE ASSESSMENT YEA R 2008-09. 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 LATEST CIRCULAR NO.2 1/2015 DATED ITA NO.616/VIZAG/2013 GUTHIKONDA VEERABHADRA RAO, VIJAYAWADA 2 10.12.2015 OF CBDT BEING RETROSPECTIVE IN NATURE, T HE 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. HENCE, THE SAME IS DISMISSED. 4. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 17 TH FEB16. SD/- SD/- ( . ) (. ) ( G. MANJUNATHA) ( V. DURGA RAO ) / ACCOUNTANT MEMBER / JUDICIAL MEMBER , /VISAKHAPATNAM: 0 / DATED : 17.02.2016 VG/SPS # 2, 3,/ COPY OF THE ORDER FORWARDED TO :- 1. / THE APPELLANT THE ACIT CENTRAL CIRCLE-2, VISAKHAPATNAM 2. #$ / THE RESPONDENT SRI GUTHIKONDA VEERABHADRA RAO, H.NO.27, PADMAVATHI GARDENS, PORANKI, VIJAYAWADA 3. 5 / THE DCIT, CENTRAL CIRCLE, VIJAYAWADA 4. THE CIT(CENTRAL), HYDERABAD 5. 5 () / THE CIT(A)-I, HYDERABAD 6. , # :, ( : , , / DR, ITAT, VISAKHAPATNAM 7 . / GUARD FILE / BY ORDER // TRUE COPY // >? : ( SR.PRIVATE SECRETARY ) ( : , , / ITAT, VISAKHAPATNAM