THE ACIT, Guntur V. The Guntur Co-Operative Urban Bank Ltd., Guntur

ITA 93/VIZ/2016

• Counselvise Citation: [2017] 126 COUNSELVISE.COM (IT) 6755 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 1 year(s) 5 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-08-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 20-06-2017
• Assessment Year: 2011-2012
• Appeal Filed On: 02-03-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: 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. 93 /V IZ / 2016 ( / ASSESSMENT YEAR: 20 11 - 1 2 ) AC IT , CIRCLE - 2( 1 ) GUNTUR. VS. M/S. THE GUNTUR CO - OPERATIVE URBAN BANK LTD., D.NO. 5 - 25 - 26, 3/1, BRODIEPET , GUNTUR. [PAN : AAAJT 1598 A ] ( / APPELLANT) ( / RESPONDENT) / APP ELLANT BY : SHRI M.N. MURTHY NAIK SR. DR / RESPONDENT BY : SHRI G.V.N. HARI ADVOCATE. / DATE OF HEARING : 2 3 .0 8 . 201 7 / DATE OF P RONOUNCEMENT : 23 .0 8 .201 7 / O R D E R PER V. DURGA RAO, JUDICIAL MEMBER : THIS APPEAL IS FILED BY THE REVENUE AGAINST THE ORDER OF THE CIT(A) - 1 , GUNTUR, DATED 3 0. 1 1.201 5 FOR THE ASSESSMENT YEAR 20 11 - 1 2 . 2. WHEN THIS APPEA L IS TAKEN UP FOR HEARING, THE L D. C OUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT INVOLVED IN THIS APPEAL IS BELOW RS.10 LAKHS. AS PER THE CBDT CIRCULAR N O.21/2015 DATED 10.12.2015 BEING RETROSPECTIVE IN NATURE, THE APPEAL FILED BY THE ITA NO. 93 /VIZ /2016 (M/S. THE GUNTUR CO - OP URBAN BANK LTD.) 2 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. H ENCE, THE SAME IS DISMISSED. 3 . IN THE RESULT, THE APPEAL FI LED BY THE REVENUE IS DISMISSED. O RDER PRONOUNCED IN THE OPEN COURT ON 23 RD AUGUST, 2017 . S D/ - SD/ - ( . . ) ( . ) ( D.S. SUNDER SINGH ) (V. DURGA RAO) /ACCOUNTANT MEMBER /JUDICIAL MEMBER /VISAKHAPATNAM /DATED : 23 .0 8 .201 7 VR /SPS / COPY OF THE ORDER FORWARDED TO : - 1. / THE APPELLANT THE AC IT , CIRCLE - 2 ( 1 ), GUNTUR. 2. / THE RESPONDENT M/S. THE GUNTUR CO - OPERATIVE URBAN BANK LTD., D.NO. 5 - 25 - 26, 3/1, BRODIEPET, GUNTUR. 3. / T HE P CIT, GUNTUR . 4 . ( ) / THE CIT(A) , GUNTUR . 5 . , , / DR, ITAT, VISAKHAPATNAM 6 . / GUARD FILE / BY ORDER // TRUE COPY // SENIOR PRIVATE SECRETARY , / ITAT, VISAKHAPATNAM