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Income Tax Appellate Tribunal - Hyderabad

Dcit, Circle-2(1), Hyderabad, ... vs Keimed Limited, Hyderabad, Hyderabad on 30 August, 2019

                                                                   Low Tax Appeals Group 30 Aug 2019 - A


                  IN THE INCOME TAX APPELLATE TRIBUNAL
                    HYDERABAD BENCH-A AT HYDERABAD


          BEFORE Smt. P. MADHAVI DEVI, JUDICIAL MEMBER
                               AND
         Shri. A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER

                                                                                                 Counsel for
       Appeal
Srl                 Appellent         Respondent             PAN         A.Y.     Tax Effect      assessee
       Number
                                                                                               (Sri/Kum/Smt)
                   DCIT, Circle-
       ITA 1660                      KEIMED Private         AABCK
1                      2(1),                                           2009-10   27,84,281       KC Devdas
      /Hyd/2016                    Limited, Hyderabad       4532F
                    Hyderabad
                   DCIT, Circle-        Janapriya
       ITA 280                                           AABCJ9
2                      2(1),       Properties Private                  2012-13   32,20,163       A Srinivas
      /Hyd/2017                                           001E
                    Hyderabad      Limited, Hyderabad
                    ITO, Ward-
       ITA 571                     Jamiatul Muflihaat,   AABAJ6
3                      9(3),                                           2011-12   45,25,826         None
      /Hyd/2017                       Hyderabad           972A
                    Hyderabad
                    ITO, Ward-
       ITA 572                     Jamiatul Muflihaat,   AABAJ6
4                      9(3),                                           2012-13   23,09,164         None
      /Hyd/2017                       Hyderabad           972A
                    Hyderabad
                      ACIT,
       ITA 1080    Cent.Circle-      Marri Venkat        ACIPM2
5                                                                      2012-13   22,55,700      Manoj Daga
      /Hyd/2017        3(1),       Reddy, Hyderabad       305A
                    Hyderabad
                    ITO, Ward-
       ITA 1160                     Gadde Siva Ram          ACWPG
6                     12(5),                                           2009-10   49,59,486      S Rama Rao
      /Hyd/2017                    Prasad, Hyderabad        9765E
                    Hyderabad
                    ITO, Ward-
       ITA 1317                    Jamiat Ul Maflihaat, AABAJ6
7                      9(3),                                           2008-09   26,70,791         None
      /Hyd/2017                        Hyderabad         972A
                    Hyderabad
                   DCIT, Circle-      Magnaquest
       ITA 1425                                             AACCM
8                     16(2),          Technologies                     2013-14   48,32,606       KC Devdas
      /Hyd/2017                                             3117F
                    Hyderabad      Limited, Hyderabad
                   ACIT, Circle-
       ITA 1605                     Satvinder Singh      ABLPB6                                P Murali Mohan
9                      5(1),                                           2013-14   42,33,180
      /Hyd/2017                    Bagga, Hyderabad       160G                                      Rao
                    Hyderabad
                   ACIT, Circle-
       ITA 1606                     Satvinder Singh      ABLPB6                                P Murali Mohan
10                     5(1),                                           2014-15   49,35,271
      /Hyd/2017                    Bagga, Hyderabad       160G                                      Rao
                    Hyderabad
                   ACIT, Circle-
       ITA 240                      Mohammed Ayub           ADMPM
11                     7(1),                                           2009-10   18,79,972      Mohd. Afzal
      /Hyd/2018                    Ahmed, Hyderabad         6204M
                    Hyderabad




                                              Page 1 of 4
                                                                 Low Tax Appeals Group 30 Aug 2019 - A


                  DCIT, Circle-     Maheswari Plaza
    ITA 619                                                 AABCM
12                  16(2),          Resorts Limited,                 2009-10   16,09,200       None
   /Hyd/2018                                                6346D
                   Hyderabad           Hyderabad
                                    Legend Builers &
      ITA 753    ACIT, Circle-1,                            AAFFL
13                                   Constructions,                  2014-15   33,99,000       None
     /Hyd/2018      Kurnool                                 6807K
                                        Kurnool
                  DCIT, Circle-     Ocean Park Multi
      ITA 847                                               AAACO
14                    16(2),          Tech Limited,                  2009-10   27,00,000    S Rama Rao
     /Hyd/2018                                              5367P
                    Hyderabad          Hyderabad
                  ACIT, Circle-
      ITA 1010                     K Gajanand Reddy,        ADPPR
15                    15(1),                                         2009-10   21,42,400       None
     /Hyd/2018                       Secunderabad           3325P
                    Hyderabad
    ITA 1121      ITO, Ward-2,     Naraboina Subba          AIOPR8
16                                                                   2014-15   45,03,872     KC Devdas
   /Hyd/2018         Kurnool         Rao, Kurnool            236K
    ITA 1347     ACIT, Circle-1,   Nag Advertising &        ABIPT3                         P Murali Mohan
17                                                                   1994-95   29,37,415
   /Hyd/2018         Kurnool       Marketing, Adoni          985C                               Rao
                 DCIT, Central
      ITA 1603                     Ramprakash Nagori        AAEHR
18                 Circle-2(2),                                      2015-16   49,08,602       None
     /Hyd/2018                     (HUF), Hyderabad         4492M
                    Hyderabad
                   Ramprakash        DCIT, Central
     CO 40                                                  AAEHR
19               Nagori (HUF),        Circle-2(2),                   2015-16   49,08,602       None
   /Hyd/2018                                                4492M
                    Hyderabad          Hyderabad
                                        Quippo
                  DCIT, Circle-
      ITA 1732                        Construction          AAACQ
20                  16(1),                                           2015-16   22,87,523       None
     /Hyd/2018                     Equipment Limited,       1735F
                   Hyderabad
                                       Hyderabad
                    Quippo
       CO 36      Construction     DCIT, Circle-16(1),      AAACQ
21                                                                   2015-16   22,87,523       None
     /Hyd/2018     Equipment           Hyderabad            1735F
                    Limited
                                       Manchikanti
      ITA 1777   ACIT, Circle-1,     Venkata Ranga    AAZPM                                V Raghavendra
22                                                                   2013-14   43,87,316
     /Hyd/2018     Anantapur          Sesha Prasad,   0394A                                     Rao
                                        Guntakal
      ITA 1958    ITO, Ward-3,     Shaik Faheemunnisa AIQPS5
23                                                                   2008-09   15,01,087    S Rama Rao
     /Hyd/2018       Kadapa          Begum, Kadapa     034A
                   ITO, Ward-
      ITA 1084                      Syed Aneesuddin,        AAOPU
24                    7(1),                                          2006-07   11,01,581       None
     /Hyd/2013                         Hyderabad            6624Q
                   Hyderabad
                  ACIT, Circle-
      ITA 1356                       BBEL MIPL JV,          AAAAB
25                   14(1),                                          2011-12   38,01,787    S Rama Rao
     /Hyd/2015                         Hyderabad            7423P
                   Hyderabad
                                    Aware Health and
                     ADIT,
      ITA 1895                         Research             AAATA
26               (Exemption)-II,                                     2001-02   40,17,618    S Rama Rao
     /Hyd/2011                        Foundation,           4862C
                   Hyderabad
                                      Hyderabad




                                              Page 2 of 4
                                                                  Low Tax Appeals Group 30 Aug 2019 - A


                                    Aware Health and
                      ADIT,
         CO 7                           Research             AAATA
 27               (Exemption)-II,                                    2001-02   40,17,618    S Rama Rao
      /Hyd/2012                       Foundation,            4862C
                    Hyderabad
                                       Hyderabad
                      ADIT,          Aware (India)
     ITA 1466                                                AAATA
 28               (Exemption)-II,     Foundation,                    2001-02   41,48,090    S Rama Rao
    /Hyd/2011                                                2340K
                    Hyderabad          Hyderabad
                      ADIT,          Aware (India)
        CO 25                                                AAATA
 29               (Exemption)-II,     Foundation,                    2001-02   41,48,090    S Rama Rao
      /Hyd/2012                                              2340K
                    Hyderabad          Hyderabad
                   DCIT, Circle-        Sri Balaji
       ITA 928                                           ABBFS4
 30                   6(1),           Construction                   2007-08   19,62,052     Y Ratnakar
      /Hyd/2015                                           064J
                    Hyderabad          Company
                   DCIT, Circle-        Sri Balaji
       ITA 929                                           ABBFS4
 31                   6(1),           Construction                   2009-10   17,59,317     Y Ratnakar
      /Hyd/2015                                           064J
                    Hyderabad          Company
                   DCIT, Circle-        Sri Balaji
       ITA 930                                           ABBFS4
 32                   6(1),           Construction                   2010-11   43,40,954     Y Ratnakar
      /Hyd/2015                                           064J
                    Hyderabad          Company
                  DCIT, Business
       ITA 1139                       L.Rajalakshmi,     AFGPR3                            P Murali Mohan
 33                  Circle-II,                                      2009-10   48,23,589
      /Hyd/2013                          Chennai          011K                                  Rao
                     Chennai
                   DCIT, Central
       ITA 203                       Sarotham Reddy ADSPC8
 34                Circle-1(1),                                      2014-15   31,75,602       None
      /Hyd/2019                     Cheraku, Hyderabad 194J
                    Hyderabad
                   DCIT, Central      Jaiveer Reddy
     ITA 846                                                 AAUPN
 35                Circle-1(1),         Nalamada,                    2008-09   20,30,400       None
    /Hyd/2019                                                7364E
                    Hyderabad          Hyderabad

                               Assessee by: As detailed above
                                                       Smt. Neeju Gupta
                                Revenue by:
                                                       Smt. Matta Padmaa

                      Date of hearing: 30 August 2019
              Date of pronouncement: 30 August 2019


                                              ORDER


Per Smt. P. Madhavi Devi, J.M.

All these appeals are the appeals of the Revenue for the relevant A.Y. of the respective assessees against the order of the respective CIT (A).

Page 3 of 4

Low Tax Appeals Group 30 Aug 2019 - A

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 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 all these appeals is less than Rs.50.00 lakh, we are dismissing the same on account of low tax effect with the liberty to the Revenue to seek recall of the order, if any of these appeals falls within the exceptions mentioned in the Circulars cited above.

3. In the result, all these appeals filed by the Revenue are dismissed as withdrawn and the cross objections are dismissed as infructuous.

Order pronounced in the Open Court on 30 August 2019.

(A. MOHAN ALANKAMONY) (P. MADHAVI DEVI) ACCOUNTANT MEMBER JUDICIAL MEMBER Hyderabad dated 30 August 2019 Vinodan/sps Copy to:

1 All the Appellants 2 All the Respondents 3 All the Commissioners of Income Tax (Appeals) 4 All the Principal Commissioners of Income Tax 5 The CIT-DR, ITAT, A-Bench / B-Bench, Hyderabad 6 Guard File By Order 1 Draft dictated on 30 Aug 2019 2 Draft placed before author 30 Aug 2019 3 Draft proposed & placed before the Aug 2019 second Member 4 Draft discussed/approved by second Aug 2019 Member 5 Approved Draft comes to the Sr.PS /PS Aug 2019 6 Kept for pronouncement on Aug 2019 7 File sent to the Bench Clerk Aug 2019 8 Date on which file goes to the Head Aug 2019 Clerk 9 Date of Dispatch of order Aug 2019 Page 4 of 4