ACIT, CC-1(1), Hyd, Hyderabad V. AKR Constructions Ltd., Hyd, Hyderabad

ITA 784/HYD/2015

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 3228 (ITAT-HYDERABAD)
• Duration Of Justice: 6 year(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-06-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 07-06-2021
• Assessment Year: 2011-2012
• Appeal Filed On: 08-06-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: B BALAKRISHNA
• Keywords: Retrospective amendment; Tax effect
• Section: 143(3); 153C; 11

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD B BENCH, HYDERABAD. BEFORE SHRI S.S. GODARA, JUDICIAL MEMBER AND SHRI L . P . SAHU, ACCOUNTANT MEMBER (THROUGH VIRTUAL HEARING) ITA NO S . 78 4 /HYD/201 5 ; 1003 & 1004/HYD/2016 (ASSESSMENT YEAR S : 20 11 - 12, 2009 - 10 & 2010 - 11 ) ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1(1), HYDERABAD. ..APPELLANT. VS. M/S. AKR CONSTRUCTION LTD., HYDERABAD. PAN AAFCA 0649H ..RESPONDENT. APPELLANT BY : SHRI B. BALAKRISHNA (D.R) RESPONDENT BY : NONE. DATE OF HEARING : 7.6. 2021. DATE OF PRONOUNCEMENT : 11. 0 6 .2021. O R D E R PER BENCH : TH ESE REVENUE S APPEAL S ARISES FROM THE COMMISSIONER OF INCOME TAX (APPEALS) - XI , HYDERABAD S ORDER S DT. 12.03.2015 (FOR A.Y.2011 - 12 PASSED IN CASE NO.0194/CIRCLE - 1(1)/CIT(A) - VI/13 - 14); DT.12.02.2016 (FOR A.Y. 2009 - 10 PASSED IN CASE NO. 0201/CIRCLE 1(1)/CIT(A) - 11/13 - 14/15 - 16) AND D T.24.02.2016 (FOR A.Y. 2010 - 11 PASSED IN CASE NO.0193/CIRCLE 1(1)/CIT(A) - 11/13 - 14) IN PROCEEDINGS UNDER SECTION 143(3) R.W.S 153C OF INCOME TAX ACT, 1961 (THE ACT). 2 ITA NO. 784/HYD/2015; 1003 & 1004/HYD/2016 HEARD BOTH THE PARTIES . C ASE FILE PERUSED. 2. IT TRANSPIRES AT THE O UTSET THAT THE DEPARTMENT HAS SOUGHT TO RAISE SUBSTANTIVE GROUNDS INVOLVING CORRESPONDING SUMS OF RS.39,13,064 (AY 2011 - 12); RS.42,43,157(AY 20 09 - 10) AND RS.41,21,892 (AY 2010 - 11) RESPECTIVELY I.E. L ESS THAN HAVING THE PRESCRIBED TAX EFFECT OF RS.50 LAKHS AS PER CBDT CIRCULAR DT.08.08.2019 HAVING RETROSPECTIVE EFFECT QUA PENDING APPEALS AS WELL. TH ESE APPEAL S OF REVENUE ARE DISMISSED FOR INVOLVING LOWER TAX EFFECT OF LESS THAN RS.50 LAKHS THEREFORE. ORDER PRONOUNCED IN THE OPEN COURT ON 11 TH JUNE , 2021. SD/ - SD/ - (L .P. SAHU) (S.S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER H Y DERABAD, DT. 11 .0 6 .2021. * REDDY GP COPY TO : 1. M/S. AKR CONSTRUCTION LTD., PLOT NO.8 - 2 - 684/J4, KANAKA DURGA TEMPLE LANE, ROAD NO.12, BANJARA HILLS, HYDERABAD - 500034. 2. ACIT, CENTRAL CIRCLE 1(1), HYDERABAD. 3. PR. C I T (CENTRAL) , HYDERABAD. 4. CIT(APPEALS) - XI, HYDERABAD. 5. DR, ITAT, HYDERABAD. 6. GUARD FILE. BY ORDER SR. PVT. SECRETARY, ITAT, HYDERABAD.