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Income Tax Appellate Tribunal - Hyderabad

Asst. Commissioner Of Income Tax, ... vs Vedula Venkata Ramana , Hyderabad on 13 November, 2019

          IN THE INCOME TAX APPELLATE TRIBUNAL
           HYDERABAD BENCHES "B", HYDERABAD

  BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER
                      AND
 SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER

                     I.T.A. No. 1149/HYD/2019
                      Assessment Year: 2012-13
     Asst. Commissioner of          Vedula Venkata Ramana,
     Income Tax,                 Vs HYDERABAD
     Circle-9(1),                   [PAN: ABHPV1213E]
     HYDERABAD
              (Appellant)                  (Respondent)

         For Revenue        : Shri Nilanjan Dey, DR
         For Assessee       : Shri P.Murali Mohana Rao, AR

               Date of Hearing       : 13-11-2019
               Date of Pronouncement : 13-11-2019

                               ORDER


PER A. MOHAN ALANKAMONY, A.M. :

This appeal filed by the Revenue is directed against the order of the Commissioner of Income Tax(Appeals)-7, Hyderabad, dated 08-04-2019.

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 8th August, 2019, the tax limit for filing of appeal by the Revenue before the Tribunal has been fixed at Rs.50 Lakhs.

:- 2 -:

3. After hearing Ld.DR and perusing the records as placed before us, we find that this appeal is covered by the aforesaid circular and therefore, not maintainable, since the tax effect in this appeal is less than Rs.50 Lakhs and apparently the case is not covered by any of the exceptions in the circular. We therefore dismiss this appeal on account of low tax effect. However, the Revenue is at liberty to seek recall of the order, if the case is found to be falling within the exceptions mentioned in the circulars cited above.

4. In the result, the appeal filed by Revenue is dismissed.

Order pronounced in the open court on 13th November, 2019 Sd/- Sd/-

( P. MADHAVI DEVI ) ( A. MOHAN ALANKAMONY ) JUDICIAL MEMBER ACCOUNTANT MEMBER Hyderabad, Dated 13th November, 2019 TNMM :- 3 -:

Copy to :

1. The Asst.Commissioner of Income Tax, Circle-9(1), Hyderabad.

2. Vedula Venkata Ramana, #17-1-388/60, Plot No.60/A, Laxmi Nagar Colony, Saidabad, Hyderabad.

3. CIT (Appeals)-7, Hyderabad.

4. Pr.CIT-7, Hyderabad.

5. D.R. ITAT, Hyderabad.

6. Guard File.