Income Tax Officer(International Taxation), Kakinada V. Meher Prasad Tatineni Rep. by Devatha Srirama Murthy , Kakinada

ITA 7/VIZ/2019

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 9289 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 3 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-04-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2008-2009
• Appeal Filed On: 03-01-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Transfer pricing; International transaction; Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM . , . . , BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER & SHRI D.S. SUNDER SINGH , ACCOUNTANT MEMBER . / I . T .A.NO. 4 - 7 /VIZ/201 9 ( / ASSESSMENT YEAR: 20 08 - 09 ) INCOME TAX OFFICER (INTERNATIONAL TRANSACTION) KAKINADA VS. 1.SHRI MEHER SITARAM TATINENI (REP.ASSESSEE O F SHRI DEVATHA SRIRAMA MURTHY) D.NO.80 - 17 - 18/1, JN ROAD RAJAHMUNDRY [PAN : ABYPT7838G] 2. SHRI MEHER PRASAD TATINENI (REP.ASSESSEE OF SHRI DEVATHA NAGESH MOHAN) D.NO.80 - 17 - 18/1, JN ROAD RAJAHMUNDRY [PAN : ABYPT7839H] ( / APPELLANT) ( / RESPONDENT) / APPELLANT BY : S MT . SUMAN MALIK , D R / RESPONDENT BY : NONE / DATE OF HEARING : 2 8 . 0 3 . 201 9 / DATE OF PRONOUNCEMENT : 03 . 0 4 .201 9 / O R D E R P ER BENCH : THESE APPEALS ARE FILED BY THE REVENUE AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX(APPEALS) [CIT(A)] - 1 0 , HYDERABAD VIDE I.T.A.NO. 00 03 /CIT(A) - 10/201 8 - 1 9 /CIT(A), HYD - 10/10 05 6/2018 - 19 AND 2 I.T.A. NO S. 4 - 7 /VIZ/201 9 SHRI MEHER SITARAM TATINENI AND SHRI MEHER PRASAD TATINENI , RAJAHMUNDRY ITA NO. 0005/CIT(A) - 10/2018 - 19/CIT(A), HYD - 10/10063/2018 - 19 DATED 24 . 10 .2018 FOR THE ASSESSMENT YEAR 20 08 - 09. 2. WHEN TH E S E APPEAL S ARE TAKEN UP FOR HEARING, THE LD. DR HAS SUBMITTED THAT THE TAX EFFECT INVOLVED IN TH ESE APPEAL S IS BELOW RS. 2 0 LAKHS. AS PER THE LATEST CIRCULAR NO. 03/2018, DATED 11 . 07 . 2018 OF CBDT BEING RETROSPECTIVE IN NATURE, WHICH IS IN SUPERSESSION OF ITS CIRCULAR NO. 21/2 0 15 DATED 10 . 12 . 2015, IN RELATION TO FILING OF APPEALS BEFORE THE INCOME TAX APPELLATE TRIBUNAL , THE APPEAL S ARE NOT MAINTAINABLE SINCE THE TAX DEMAND IS LESS THAN RS.20.00 LAKHS. THE DEPARTMENT HAS NOT MADE OUT CASE OF EXCEPTION AS PROVIDED IN THE CIRCULAR. HENCE, THESE APPEALS ARE DISMISSED AS NOT PRESSED . 3. IN THE RESULT, THE APPEAL S FILED BY THE REV ENUE ARE DISMISSED. O RDER PRONOUNCED IN THE OPEN COURT ON 3 RD APRIL, 2019 . SD/ - SD/ - ( . . ) ( . ) ( D.S. SUNDER SINGH) ( V. DURGA RAO) / ACCOUNTANT MEMBER / JUDICIAL MEMBER / VISAKHAPATNAM /DATED : 03 .0 4 .201 9 L.RAMA, SPS 3 I.T.A. NO S. 4 - 7 /VIZ/201 9 SHRI MEHER SITARAM TATINENI AND SHRI MEHER PRASAD TATINENI , RAJAHMUNDRY / COPY OF THE ORDER FORWARDED TO: - 1. / THE ASSESSEE - SHRI MEHER SITARAM TATINENI (REP.ASSESSEE O F SHRI DEVATHA SRIRAMA MURTHY) AND SHRI MEHER PRASAD TATINENI (REP.ASSESSEE OF SHRI DEVATHA NAGESH MOHAN), D.NO.80 - 17 - 18/1, JN ROAD RAJAHMUNDRY 2. / THE REVENUE INCOME TAX OFFICER (INTERNATIONAL TRANSACTION), KAKINAD A 3. THE COMMISSIONER OF INCOME TAX (IT &TP), HYDERABAD 4. THE COMMISSIONER OF INCOME - TAX (APPEALS) - 1 0, HYDERABAD 5 . , , / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // SR. PRIVATE SECRETARY ITAT, VISAKHAPATNAM