Income Tax Appellate Tribunal - Hyderabad
Acit, Circle-9(1), Hyderabad, ... vs M.R. Constructions, Hyderabad, ... on 8 April, 2021
ITA No 955 of 2017 MR Constructions Hyderabad
IN THE INCOME TAX APPELLATE TRIBUNAL
Hyderabad ' A ' Bench, Hyderabad
(Through Video Conferencing)
Before Smt. P. Madhavi Devi, Judicial Member
AND
Shri Laxmi Prasad Sahu, Accountant Member
ITA No.955/Hyd/2017
Assessment Year: 2012-13
Asstt. CIT Vs. M.R. Constructions
Circle 9(1) Hyderabad
Hyderabad PAN:AAMFM5609D
(Appellant) (Respondent)
Revenue by: Sri Sunil Kumar Pandey, DR
Assessee by: Sri S. Rama Rao
Date of hearing: 06/04/2021
Date of pronouncement: 08/04/2021
ORDER
Per Smt. P. Madhavi Devi, J.M.
This is Revenue's appeal for the A.Y 2012-13 against the order of the CIT (A)-7, Hyderabad, dated 5.10.2016.
2. At the outset, the Ld. Counsel for the assessee submitted that the total tax effect in this appeal is less than the prescribed limit of Rs.50.00lakhs which comes to Rs.35,90,067.00. He submitted that in view of the CBDT Circulars No.03/2018 dated 11.07.2018 and Circular No.17 of 2019 dated 9th 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 lakh, we are dismissing the same on account of low tax effect with the liberty Page 1 of 2 ITA No 955 of 2017 MR Constructions Hyderabad to the Revenue to seek recall of the order, if the appeal falls within the exceptions mentioned in the Circulars cited above.
3. In the result, the appeal filed by the Revenue is dismissed as withdrawn.
Order pronounced in the Open Court on 8th April, 2021.
Sd/- Sd/-
(LAXMI PRASAD SAHU) (P. MADHAVI DEVI)
ACCOUNTANT MEMBER JUDICIAL MEMBER
Hyderabad, dated 8th April, 2021.
Vinodan/sps Copy to:
S.No Addresses
1 ACIT, Circle 9(1), Room No.245, Block D, second floor, IT Towers AC
Guards, Masab Tank, Hyderabad
2 M/s. M.R. Constructions Plot No.1, Sai Nagar Colony, Snehapuri Cross
Road, Nagole, Hyderabad
3 CIT (A)-7, Hyderabad
4 Pr. CIT - 7, Hyderabad
5 DR, ITAT Hyderabad Benches
6 Guard File
By Order
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