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Income Tax Appellate Tribunal, VISAKHAPATNAM BENCH, VISAKHAPATNAM
Before: SHRI V. DURGA RAO, HON’BLE & SHRI D.S. SUNDER SINGH, HON’BLE
PER V. DURGA RAO, Judicial Member:
This is an appeal filed by the revenue and the Cross Objection filed by the assessee against the order of the ld.CIT(A), Vijayawada, dated 11.05.2018 for the assessment year 2014-15.
ITA No.382/VIZ/2018 & CO No.122/VIZ/2018 (M/s. Efftronics Systems Pvt. Ltd.)
When this appeal is taken up for hearing, the ld. Authorised Representative for the assessee has submitted that the tax effect involved in this appeal is below Rs.20 lakhs. As per the CBDT Circular No.03/2018, dated 11.07.2018 being retrospective in nature, the appeal filed by the revenue is not maintainable. The Ld.D.R. has not raised any objection. In view of the above, the appeal filed by the revenue is not maintainable. Hence, the same is dismissed.
The Cross Objection filed by the assessee is in support of the order of Ld. CIT(A), hence, the same has become infructuous is dismissed accordingly.
In the result, the appeal filed by the revenue and the Cross Objection filed by the assessee are dismissed.
Order pronounced in the open court on 11th January, 2019.
Sd/- sd/- (D.S. SUNDER SINGH) (V. DURGA RAO) ACCOUNTANT MEMBER JUDICIAL MEMBER Visakhapatnam: Dated : 11/01/2019 vr/-
ITA No.382/VIZ/2018 & CO No.122/VIZ/2018 (M/s. Efftronics Systems Pvt. Ltd.)
Copy of the order forwarded to:- 1. The assessee – M/s. Efftronics Systems Pvt. Ltd., D.No. 40-15-9, Brindavan Colony, Labbipet, Vijayawada. 2. The Revenue – ACIT, Circle-2(1), Vijayawada. 3. The Pr.CIT, Vijayawada. 4. The CIT(A), Vijayawada. 5. DR, ITAT, Visakhapatnam 6. Guard file BY ORDER
Senior Private Secretary ITAT, VISAKHAPATNAM