Asst. Commissioner of Income Tax, Circle-4(1), Hyderabad V. Krishna Namala , Hyderabad

ITA 971/Hyd/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 7078 (ITAT-HYDERABAD)
• Duration Of Justice: 2 year(s) 2 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-08-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-A
• Assessment Year: 2015-2016
• Appeal Filed On: 10-06-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: KIRAN KATTA
• Keywords: Tax effect
• Section: 143(3); 201

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES A: HYDERABAD (THROUGH VIRTUAL CONFERENCE) BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA NO. 971 /H/201 9 ASSESSMENT YEAR: 201 5 - 16 ASST. COMMISSIONER OF INCOME - TAX, CIRCLE 4(1) HYDERABAD. VS. SRI KRISHNA NAMALA HYDERABAD. [ PAN A CVPN3130B] (APPELLANT) (RESPONDENT) REVENUE BY: SHRI KIRAN KATTA, DR ASSESSEE BY: NONE DATE OF HEARING: 18 /0 8 /2021 DATE OF PRONOUNCEMENT: 24 /0 8 /2021 O R D E R PER LAXMI PRASAD SAHU THIS APPEAL FILED BY THE REVENUE FOR AY 201 5 - 16 IS DIRECTED AGAINST CIT(A) - 1 , HYDERABADS ORDER DATED 08 /0 3 /201 9 INVOLVING PROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT, 1961 ; IN SHORT THE ACT. ITA NO. 971 /HYD/201 9 KRISHNA NAMALA, HYD. : - 2 - : 2. AT THE TIME OF HEARING IT HAS BEEN BROUGHT TO OUR NOTICE THAT AS PER THE CBDT CIRCULARS NO.03/2018 DATED 11.07.2018 AND CIRCULAR NO.17 OF 2019 DATED 9 TH AUGUST, 2019, THE TAX LIMIT FOR FILING OF APPEAL BY THE REVENUE BEFORE THE TRIBUNAL HAS BEEN FIXED AT RS.50.00 LAKHS. SINCE THE TAX EFFECT IN THIS APPEAL IS LESS THAN RS.50.00 LAKHS, WE ARE DISMISSING THE SAME ON ACCOUNT OF LOW TAX EFFECT WITH THE LIBERTY TO THE REVENUE TO SEEK RECALL OF THE ORDER, IF TH IS CASE FALLS WITHIN THE EXCEPTIONS MENTIONED IN THE CIRCULARS CITED ABOVE. 3 . IN THE RESULT, REVENUE S APPEAL IS DISMISSED IN ABOVE TERMS. PRONOUNCED IN THE OPEN COURT ON 24 TH AUGUST, 2021. SD/ - SD/ - (S. S. GODARA) (L.P. SAHU) JUDICIAL MEMBER ACCOUNTANT MEMBER HYDERABAD, DATED: 24 TH AUGUST, 2021. *GMV COPY TO : 1 ACIT, CIRCLE 4(1), HYDERABAD. 2 SRI KRISHNA NAMALA, H.NO. 2 - 3 - 64/1/16/A, NAMALA NILAYAM, ABOVE ANDHRA BANK, TIRUMALA NAGAR, HYDERABAD 500 013 . 3 ACIT, RANGE 4, HYDERABAD 4 CIT (A) 1, HYDERABAD. 5 PR.CIT - 1, HYDERABAD 6 ITAT, DR, HYDERABAD 7 GUARD FILE. ITA NO. 971 /HYD/201 9 KRISHNA NAMALA, HYD. : - 3 - : S.NO. DETAILS DATE 1 DRAFT DICTATED ON 2 DRAFT PLACED BEFORE AUTHOR 3 DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER 4 DRAFT DISCUSSED/APPROVED BY SECOND MEMBER 5 APPROVED DRAFT COMES TO THE SR. PS/PS 6 KEPT FOR PRONOUNCEMENT 7 FILE SENT TO BENCH CLERK 8 DATE ON WHICH THE FILE GOES TO HEAD CLERK 9 DATE ON WHICH FILE GOES TO A.R. 10 DATE OF DISPATCH OF ORDER