THE Dy. CIT, CENTRAL CIRCLE -2, Visakhapatnam V. M/s Meridian Promoters Pvt. Ltd., Visakhapatnam

ITA 63/VIZ/2013

• Counselvise Citation: [2016] 132 COUNSELVISE.COM (IT) 1202 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 3 year(s) 2 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-04-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 07-12-2015
• Assessment Year: 2007-2008
• Appeal Filed On: 06-02-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: P SRINIVASA MURTHY
• Assessee Lawyers: C V S MURTHY
• Keywords: Tax effect

Judgement Text

ITA NO.63/VIZAG/2013 MERIDIAN PROMOTERS PVT. LTD., VSKP 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.63/VIZAG/2013 ( / ASSESSMENT YEAR: 2007-08) DCIT CENTRAL CIRCLE - 2 VISAKHAPATNAM VS. MERIDIAN PROMOTERS PVT. LTD. VISAKHAPATNAM [PAN: AACCM7712D ] ( % / APPELLANT) ( &'% / RESPONDENT) / APPELLANT BY : SHRI P. SRINIVASA MURTHY, DR / RESPONDENT BY : SHRI C.V.S . MURTHY , AR / DATE OF HEARING : 2 1.04. 2016 / DATE OF PRONOUNCEMENT : 21.04.2016 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: THIS APPEAL IS FILED BY THE REVENUE AGAINST THE OR DER OF THE CIT(A), VIJAYAWADA DATED 30.11.2012 FOR THE ASSESSMENT YEAR 2007-08. 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 NO.63/VIZAG/2013 MERIDIAN PROMOTERS PVT. LTD., VSKP 2 BELOW RS.10 LAKHS. AS PER THE LATEST CIRCULAR NO.2 1/2015 DATED 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, THIS APPEAL FILED BY THE REVENUE 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 21 ST APR16. SD/- SD/- ( . ) ( . ) (G. MANJUNATHA) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER ! /VISAKHAPATNAM: % /DATED : 21.04.2016 VG/SPS '! (! /COPY OF THE ORDER FORWARDED TO:- 1. / THE APPELLANT THE DCIT, CENTRAL CIRCLE-2, VISA KHAPATNAM 2. / THE RESPONDENT M/S. MERIDIAN PROMOTERS PVT. LT D., D.NO.47-3-29/2, 5 TH LANE, DWARAKA NAGAR, VISAKHAPATNAM 3. ) / THE CIT, VISAKHAPATNAM 4. ) ( ) / THE CIT(A), VISAKHAPATNAM 5. ! , , , , ! / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // /0 , (SR.PRIVATE SECRETARY) , , ! / ITAT, VISAKHAPATNAM