Kaveri Developers, Nashik V. Assistant Commissioner of Wealth-tax, Central Circle - 1, Nashik

CO 102/PUN/2017

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 9958 (ITAT-PUNE)
• Duration Of Justice: 1 year(s) 4 month(s) 23 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 01-04-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 01-04-2019
• Assessment Year: 2009-2010
• Appeal Filed On: 08-11-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SANJEEV GHEI
• Assessee Lawyers: RAJENDRA BUNAGE
• Keywords: Retrospective amendment; Tax effect
• Section: 12; 2

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, PUN E BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI PARTHA SARATHI CHAUDHURY, JM SL. NO. W TA NO . / C.O. NO. NAME OF APPELLANT NAME OF RESPONDENT ASST. YEAR 1 - 6 . 21/PUN/2017 22/PUN/2017 23/PUN/2017 24/PUN/2017 25/PUN/2017 26/PUN/2017 ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. SHUBHAKAMANA BUILDERS PVT. LTD. 7, THAKKERS, NEAR NEHRU GARDEN, NASHIK-422 001 PAN : AABCS3542H 2008 - 09 2009-10 2010-11 2011-12 2012-13 2013-14 7 - 1 2 C.O. NO S. 62/PUN/2017 63/PUN/2017 64/PUN/2017 65/PUN/2017 66/PUN/2017 67/PUN/2017 SHUBHAKAMANA BUILDERS PVT. LTD. 37/39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN:AABCS3542H ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. 2008 - 09 2009-10 2010-11 2011-12 2012-13 2013-14 13 - 18 27/PUN/2017 28/PUN/2017 29/PUN/2017 30/PUN/2017 31/PUN/2017 32/PUN/2017 ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. NIMANTRAN HORTICULTURE PVT. LTD. 37/39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN :AAACN5046Q 2008 - 09 2009-10 2010-11 2011-12 2012-13 2013-14 19 - 24 C.O. NOS. 68/PUN/2017 69/PUN/2017 70/PUN/2017 71/PUN/2017 72/PUN/2017 73/PUN/2017 NIMANTRAN HORTICULTURE PVT. LTD. 37/39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN:AAACN5046Q ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 25 73/PUN/2017 ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. MOTIKAMAL AGRICULTURE PVT. LTD. 37-39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN :AABCM0749A 2010-11 2 WEALTH TAX GROUP 26 C.O. NO. 107/PUN/2017 MOTIKAMAL AGRICULTURE PVT. LTD. 37-39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN:AABCM0749A ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. 2010-11 27 76/PUN/2017 ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. ABHILASHA HORTICULTURE PVT. LTD. 37-39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN :AABCA7027K 2010-11 28 C.O. NO. 108/PUN/2017 ABHILASHA HORTICULTURE PVT. LTD. 37-39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN:AABCA7027K ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. 2010-11 29 78/PUN/2017 ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. INTRA COMMUNICATION PVT. LTD. 37-39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN: AAACI2388C 2008-09 30 C.O. NO. 109/PUN/2017 INTRA COMMUNICATION PVT. LTD. 37-39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN: AAACI2388C ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. 2008-09 31 80/PUN/2017 ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. KUMUDINI MARKETING PVT. LTD. 37-39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN:AAACK3948A 2011-12 3 WEALTH TAX GROUP ASSESSEE (S) BY : SHRI NIKHIL PATHAK & SHRI RAJENDRA BUNAGE REVENUE BY : SHRI SANJEEV GHEI & SHRI RAJESH GAWALI / DATE OF HEARING : 01.04.2019 / DATE OF PRONOUNCEMENT : 01.04.2019 32 C.O. NO. 110/PUN/2017 KUMUDINI MARKETING PVT. LTD. 37-39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN:AAACK3948A ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. 2011-12 33 - 34 83/PUN/2017 84/PUN/2017 ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. GAURAV DEVELOPERS PVT. LTD. 37-39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN:AABCG1653M 2008 - 0 9 2009-10 35 - 36 C.O. NOS. 104/PUN/2017 105/PUN/2017 GAURAV DEVELOPERS PVT. LTD. 37-39, KANTOL NIWAS, MODI STREET, FORT, MUMBAI-400 001 PAN:AABCG1653M ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. 2008 - 09 2009-10 37 - 38 85/PUN/2017 86/PUN/2017 ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. KAVERI DEVELOPERS, 7, THAKKERS, NEAR NEHRU GARDEN, NASHIK-411 001 PAN:AAAAK0353K 2008 - 09 2009-10 39 - 40 C.O. NOS. 101/PUN/2017 102/PUN/2017 KAVERI DEVELOPERS, 7, THAKKERS, NEAR NEHRU GARDEN, NASHIK-411 001 PAN:AAAAK0353K ASSISTANT COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE-1, NASHIK. 2008 - 09 2009-10 4 WEALTH TAX GROUP / ORDER PER BENCH : THESE BUNCH OF APPEALS BY THE REVENUE ARE FILED AGAINST T HE RESPECTIVE ORDERS OF THE COMMISSIONER OF WEALTH TAX (APPEALS) FOR THE ASSESSMENT YEAR/S MENTIONED IN THE TITLE AGAINST THE NAME OF EACH OF THE ABO VEMENTIONED ASSESSEES. THE IMPUGNED ORDER/S HAVE BEEN PASSED UND ER SECTION 16(3) R.W.S 17 OF THE WEALTH-TAX ACT, 1957 (IN SHORT THE ACT). THE RESPECTIVE ASSESSEES HAVE PREFERRED CROSS OBJECTIONS AGAINST EACH OF THE APP EALS FILED BY THE REVENUE. 2. THESE BUNCH OF APPEALS FILED BY THE REVENUE ALONG WITH THE CROSS OBJECTIONS RELATING TO DIFFERENT ASSESSEES WERE HEARD TOG ETHER AND ARE BEING DISPOSED OF BY THIS CONSOLIDATED ORDER FOR THE SAKE OF CONVENIENCE. 3. THE CBDT VIDE CIRCULAR NO.3/2018, DATED 11.07.2018 HAS R EVISED THE MONETARY LIMITS FOR FILING OF APPEALS BY THE DEPARTMENT BEFORE THE TRIBU NAL WITH RETROSPECTIVE EFFECT. AS PER THE CIRCULAR (SUPRA), THE MON ETARY LIMIT OF TAX EFFECT FOR FILING APPEALS BEFORE THE TRIBUNAL BY THE DEPARTMENT HAS BEEN RAISED TO RS.20 LAKHS. 4. THE LEARNED DEPARTMENTAL REPRESENTATIVE FURNISHED A TA BLE GIVING THE DETAILS OF TAX EFFECT INVOLVED IN EACH OF THE APPEALS MENTION ED IN TITLE AND HAS FILED SEPARATE LETTERS IN RESPECT OF EACH OF THE APPEALS, ALL DATED 27.03.2019 WITH A PRAYER TO WITHDRAW THE APPEALS CONSEQUENT TO C BDT CIRCULAR DATED 11.07.2018 (SUPRA.). THE TAX EFFECT IN THE CAPTIONED APPEALS IS UNDISPUTEDLY BELOW THE MONETARY LIMIT OF RS.20 LAKHS. WITHOUT GOING INTO TH E MERIT OF THE ISSUES RAISED IN THE CAPTIONED APPEALS, WE FIND THE ADJUDICA TION ON MERITS BECOMES AN ACADEMIC EXERCISE AS THESE BUNCH OF APPEALS ARE DEEMED TO BE 5 WEALTH TAX GROUP WITHDRAWN/NOT PRESSED IN ACCORDANCE WITH THE CBDT CIRCU LAR DATED 11.07.2018 (SUPRA). BEFORE PARTING, WE CLARIFY HERE THAT THE REVENUE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR RESTORATION OF APPEAL/S WITH TH E REQUISITE SUBMISSIONS INDICATING THAT THE APPEALS ARE PROTECTED BY THE EXCEPTIONS PRESCRIBED IN PARA 10 OF THE CIRCULAR (SUPRA). 5. IN CONCLUSION, BY APPLYING THE CBDT CIRCULAR DATED 11.07 .2018 (SUPRA), THE CAPTIONED APPEALS OF THE REVENUE ARE DISMISSED AS WITHDRAWN/N OT PRESSED. 6. SINCE ALL THE APPEALS FILED BY THE REVENUE ARE DISMISSED, ALL THE CORRESPONDING CROSS OBJECTIONS FILED BY THE ASSESSEE BEC OMES INFRUCTUOUS AND HENCE, ARE DISMISSED. 7. IN THE RESULT, ALL THE APPEALS FILED BY REVENUE AND CROS S OBJECTIONS FILED BY THE ASSESSEE ARE DISMISSED. ORDER PRONOUNCED ON 01 ST DAY OF APRIL, 2019. SD/- SD/- D. KARUNAKARA RAO PARTHA SARATHI CHAUDHURY ACCOUNTANT MEMBER JUDICIAL MEMBER / PUNE; / DATED : 1 ST APRIL, 2019. SB / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT. 2. / THE RESPONDENT. 3. THE CWT(APPEALS) CONCERNED 4. THE CWT CONCERNED. 5. !'# $$%& , ' %& , ()* , / DR, ITAT, A BENCH, PUNE. 6. #+, -. / GUARD FILE. // TRUE COPY // '/ / BY ORDER, $0 %* / PRIVATE SECRETARY ' %& , / ITAT, PUNE. 6 WEALTH TAX GROUP DATE 1 DRAFT DICTATED ON 01 .0 4 .2019 SR.PS/PS 2 DRAFT PLACED BEFORE AUTHOR 01 .0 4 .201 9 SR.PS/PS 3 DRAFT PROPOSED AND PLACED BEFORE THE SECOND MEMBER JM/AM 4 DRAFT DISCUSSED/APPROVED BY SECOND MEMBER AM/JM 5 APPROVED DRAFT COMES TO THE SR. PS/PS SR.PS/PS 6 KEPT FOR PRONOUNCEMENT ON SR.PS/PS 7 DATE OF UPLOADING OF ORDER SR.PS/PS 8 FILE SENT TO BENCH CLERK SR.PS/PS 9 DATE ON WHICH THE FILE GOES TO THE HEAD CLERK 10 DATE ON WHICH FILE GOES TO THE A.R 11 DATE OF DISPATCH OF ORDER