DCIT, Hyderabad V. M/s Sree Vensai Projects Ltd, Hyderabad

ITA 968/HYD/2009

• Counselvise Citation: 96822514 RSA 2009
• Duration Of Justice: 1 year(s) 11 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-07-2011
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 26-04-2011
• Assessment Year: 2006-2007
• Appeal Filed On: 27-08-2009
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: B V PRASAD REDDY
• Assessee Lawyers: A V RAGHURAM
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH B , HYDERABAD BEFORE SHRI G.C. GUPTA, VICE PRESIDENT AND SHRI CHANDRA POOJARI ACCOUNTANT MEMBER ITA.968/HYD/2009 ASSESSMENT YEAR 2006-07 THE DY. COMMISSIONER OF INCOME TAX, CIRCLE 3(2), HYDERABAD VS M/S SREE VENSAI PROJECTS LTD., HYDERABAD PAN AAFCS 8312 P (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI B.V. PRASAD REDDY RESPONDENT BY : SHRI A.V. RAGHU RAM O R D E R PER CHANDRA POOJARI, A.M. THIS APPEAL PREFERRED BY THE REVENUE IS DIRECTED AGAINST THE ORDER PASSED BY THE CIT(A) IV DATED 29 .5.2009 AND PERTAINS TO THE ASSESSMENT YEAR 2006-07. 2. WE HAVE HEARD BOTH THE PARTIES AND PERUSED THE MATERIALS AVAILABLE ON RECORD. IT IS UNDISPUTED FA CT THAT THE TAX EFFECT IN THIS APPEAL IS LESS THAN RS.3 LAK HS. IN VIEW OF THE INSTRUCTION NO.3 OF 2011 (F.NO.279/MISC.142/2007/ITJ), DATED 9 TH FEBRUARY, 2011 ISSUED BY THE CBDT , THE PRESENT APPEAL INVOLVING TAX EFFECT OF LESS THAN RS.3 LAKHS IS NOT MAINTAINA BLE AND ACCORDINGLY THIS APPEAL OF THE REVENUE IS DISMISSED . 3. IN THE RESULT, THE APPEAL FILED BY THE REV ENUE IS DISMISSED IN LIMINE AS UN-ADMITTED. ITA NO.968/HYD./2009 M/S SREE VENSAI PROJECTS, HYDERABAD 2 2 ORDER PRONOUNCED IN THE OPEN COURT ON 28.7.2011 SD/- G.C. GUPTA SD/- CHANDRA POOJARI VICE PRESIDENT ACCOUNTANT MEMBER DATED THE 28 TH JULY, 2011 COPY FORWARDED TO: 1. THE DY. COMMISSIONER OF INCOME TAX, CIRCLE 3(2), HYDERABAD 2. M/S SREE VENSAI PROJECTS LTD., 3 RD FLOOR, AISHWARYA TOWERS, OPP. NTR STADIUM, INDIRA PARK ROAD, HYDERABAD. 3. 4 5. THE CIT(A)-IV, HYDERABAD THE CIT, HYDERABAD THE DR, ITAT, HYDERABAD. NP/-