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Income Tax Appellate Tribunal, HYDERABAD ‘ B ‘ BENCH, HYDERABAD.
Before: SHRI S.S. GODARA & SHRI L. P. SAHU
Asst. Commissioner of Income Tax, Central Circle 1(1), Hyderabad. …..Appellant. Vs. M/s. AKR Construction Ltd., Hyderabad. PAN AAFCA 0649H …..Respondent. Appellant By : Shri B. Balakrishna (D.R) Respondent By : None. Date of Hearing : 7.6.2021. Date of Pronouncement : 11.06.2021. O R D E R Per Bench : These Revenue’s appeals arises from the Commissioner of Income Tax (Appeals)-XI, Hyderabad’s orders dt.12.03.2015 (for A.Y.2011-12 passed in case No.0194/Circle-1(1)/CIT(A)-VI/13-14); dt.12.02.2016 (for A.Y. 2009-10 passed in case No.0201/Circle 1(1)/CIT(A)-11/13-14/15-16) and dt.24.02.2016 (for A.Y. 2010-11 passed in case No.0193/Circle 1(1)/CIT(A)- 11/13-14) in proceedings under Section 143(3) r.w.s 153C of Income Tax Act, 1961 (‘the Act’).
1003 & 1004/Hyd/2016 Heard both the parties. Case file perused.
It transpires at the outset that the department has sought to raise substantive grounds involving corresponding sums of Rs.39,13,064 (AY 2011-12); Rs.42,43,157(AY 2009-10) and Rs.41,21,892 (AY 2010- 11) respectively i.e. less than having the prescribed tax effect of Rs.50 lakhs as per CBDT Circular dt.08.08.2019 having retrospective effect qua pending appeals as well. These appeals of Revenue are dismissed for involving lower tax effect of less than Rs.50 lakhs therefore.