Asst. Commissioner of Income Tax, Central Circle-8, Hyderabad V. Shri Pramod Kumar Gupta, Hyderabad

ITA 870/HYD/2014

• Counselvise Citation: [2019] 115 COUNSELVISE.COM (IT) 7111 (ITAT-HYDERABAD)
• Duration Of Justice: 5 year(s) 5 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-10-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 17-10-2019
• Assessment Year: 2007-2008
• Appeal Filed On: 08-05-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: Y V S T SAI
• Assessee Lawyers: ANAM SIDDIQUI
• Keywords: Tax effect
• Section: 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDER ABAD BENCH B , HYDERABAD BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER AND SHRI D. S. SUNDER SINGH , ACCOUNTANT MEMBER S.NO. ITA NO. AY APPELLANT RESPONDENT 1 870 /H/14 2007 - 08 ASST. COMMISSIONER OF INCOME - TAX, CENTRAL CIRCLE 8 , HYDERABAD. SHRI PRAMOD KUMAR GUPTA, HYDERABAD. PAN - ACGPG2294L REVENUE BY : SHRI Y.V.S.T. SAI ASSESSEE BY : S MT. ANAM SIDDIQUI DATE OF HEARING : 1 7 /10/2019 . DATE OF PRONOUNCEMENT : 23 / 1 0 /201 9 . O R D E R PER V. DURGA RAO, J . M .: TH IS APPEAL BY THE REVENUE IS DIRECTED AGAINST THE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS) - V II , HYDERABAD, DATED 2 7 /0 2 /201 4 FOR THE ASSESSMENT YEAR 20 07 - 08 . 2. WHEN TH IS APPEAL IS TAKEN UP FOR HEARING, LD.AR HAS SUBMITTED THAT THE TAX EFFECT INVOLVED IN TH IS APPEAL IS BELOW RS.50.00 LAKHS AND AS PER THE CBDT CIRCULAR NO. NO.17/2019 , DATED 08/08/2019 , TH IS APPEAL IS NOT MAINTAI NA BLE AND REQU ESTED FOR DISMISSAL OF THE SAME. 3 . ON THE OTHER HAND, LD. DR FAIRLY ACCEPTED THAT THE TAX EFFECT INVOLVED IN TH IS APPEAL IS BELOW RS. 50.00 LAKHS . 4 . IN VIEW OF THE CBDT CIRCULAR NO.17/2019, DATED 08/08/2019 , WHICH WAS FOLLOWED BY N OTIFICATION NO.279/MISC/M - 93/2018 - ITJ, DATED 20 / 08 / 2019 WHEREIN IT WAS CLARIFIED THAT THE REVISED MONETARY LIMITS MENTIONED IN CIRCULAR NO.17/2019 ARE APPLICABLE TO ALL PENDING APPEALS 2 ITA NO. 870 /H/14 SHRI PRAMOD KUMAR GUPTA, HYD. ALSO , TH IS APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE AND IS DISMISSED ACCORDINGLY. 5. IN THE RESULT, THE APPEAL FILED BY THE REVENUE IS DISMISSED . ORDER PRONOUNCED IN OPEN COURT ON TH IS 23 RD DAY OF OCTOBER, 201 9 . SD/ - SD/ - ( D.S. SUNDER SINGH) ( V. DURGA RAO ) ACCOUNTANT MEMBER JUDICIAL MEMBER HYDERABAD, DATED : 23 RD OCTOBER , 201 9 . KV COPY TO: 1. ACIT, CENTRAL CIRCLE 3 (1), 7 TH F LOOR, AAYAKAR BHAVAN, BASHEERBAGH, H YD ERABAD 500 004 2. SHRI PRAMOD KUMAR GUPTA, H.NO. 3 - 5 - 784/B&C, NAGEENA, KING KOTI ROAD, HYDERABAD 3. CIT (A) V II , HYDERABAD. 4. CIT (CENTRAL) , HYDERABAD 5. THE D.R . , HYDERABAD 6. GUARD FILE.