The Commissionedr Of Income Tax (Central) v. K.V. Srinivasa Rao

HON'BLE SRI JUSTICE C.V.NAGARJUNA REDDY AND HON'BLE SRI JUSTICE CHALLA KODANDA RAM ITTA.No.645 of 2017 Date:01.11.2017 Between:

The Commissioner of Income Tax (Central), Hyderabad.

..... Appellant And:

K.V.Srinivasa Rao, .....Respondent Counsel for the petitioner: Ms. M.Kiranmayee, For Mr. J.V.Prasad , Senior Standing Counsel for IT Department The Court made the following:

CVNR, J & CKR, J ITTA.No.645 of 2017 Dated:01.11.2017 ORDER: (per Hon'ble Sri Justice C.V.Nagarjuna Reddy)+ This appeal is filed against order, dated 31.8.2009, in ITANo.411/Vizag/2008 on the file of the Income Tax Appellate Tribunal, Visakhapatnam Bench, Visakhapatnam. At the hearing, Ms. M.Kiranmayee, learned senior Standing Counsel for Income Tax Department, submitted that as the value of the appeal is below the monetary limit of Rs.20 lakhs, as envisaged under Circular No.12/2015, dated 10.12.2015, of the Central Board of Direct Taxes, the appeal is liable to be dismissed.

In the light of the above submission, the appeal is dismissed.

___________________________ JUSTICE C.V.NAGARJUNA REDDY ___________________________ JUSTICE CHALLA KODANDA RAM 01st November 2017 DR