THE ACIT, CIRCLE - 1, Rajahmundry V. Kavivarapu Venu, Rajahmundry

ITA 658/VIZ/2013

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 2106 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 2 year(s) 3 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-02-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2007-2008
• Appeal Filed On: 07-11-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M K SETHI
• Assessee Lawyers: V SESHAGIRI VARAPRASADAR
• Keywords: Tax effect

Judgement Text

ITA NO.658/VIZAG/2013 KAVIVARAPU VENU, RAJAHMUNDRY 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.658/VIZAG/2013 ( / ASSESSMENT YEAR : 2007-08) ACIT CIRCLE-1 RAJAHMUNDRY VS. KAVIVARAPU VENU RAJAHMUNDRY [ [ PAN: AFBPK3127F ] ( ) / APPELLANT) ( *+) / RESPONDENT ) / APPELLANT BY : SHRI M.K. SETHI, DR #$ / RESPONDENT BY : SHRI V. SESHAGIRI VARAPRASAD,AR ( / DATE OF HEARING : 18.02.2016 ( / DATE OF PRONOUNCEMENT : 18.02.2016 / 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), VISAKHAPATNAM DATED 26.8.2013 FOR THE ASSESSMENT YE AR 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.658/VIZAG/2013 KAVIVARAPU VENU, RAJAHMUNDRY 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, THE 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 18 TH FEB16. SD/- SD/- ( . ) (. ) ( G. MANJUNATHA) ( V. DURGA RAO ) / ACCOUNTANT MEMBER / JUDICIAL MEMBER , /VISAKHAPATNAM: 0 / DATED : 18.02.2016 VG/SPS # 2, 3,/ COPY OF THE ORDER FORWARDED TO :- 1. / THE APPELLANT THE ACIT CIRCLE-1, RAJAHMUNDRY 2. #$ / THE RESPONDENT SRI KAVIVARAPU VENU, PROP: VLN TRANSPORT, C-1, BHAGYODAYA APARTMENTS, VIDYA NAGAR, RAJAHMUNDRY 3. 5 / THE CIT, RAJAHMUNDRY 4. 5 () / THE CIT(A), VISAKHAPATNAM 5. , # :, ( : , , / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // >? : ( SR.PRIVATE SECRETARY ) ( : , , / ITAT, VISAKHAPATNAM