SHRI LALJI SOMJI PATEL, Nagpur V. ITO-WARD-6(3), Nagpur

CO 2/NAG/2014

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 9018 (ITAT-NAGPUR)
• Duration Of Justice: 5 year(s) 10 month(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 14-01-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 06-04-2016
• Assessment Year: 2007-2008
• Appeal Filed On: 14-03-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: DR MILIND BHUSARI
• Assessee Lawyers: RAJESH LOIA
• Keywords: Tax effect
• Section: 13

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL BENCH, NAGPUR (AT E - COURT, PUNE) BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI PARTHA SARATHI CHAUDHURY, JM . / I TA NO.457 /NAG /20 13 / ASSESSMENT YEAR : 2007 - 08 THE INCOME TAX OFFICER, WARD - 6(3), NAGPUR. ....... / APPELLANT / V/S. SHRI LALJI SOMJI PATEL, PROP. SHREERAM STEELS, PLOT NO. 33, IMAMWADA SQUARE, NAGPUR - 09 PAN: ACEPP6310J / RESPONDENT . /CO. NO. 02/NAG/2014 /ASSESSMENT YEAR. 2007 - 08 (ARISING OUT OF ITA NO. 457/NAG/2013) SHRI LALJI SOMJI PATEL, PROP. SHREERAM STEELS, PLOT NO. 33, IMAMWADA SQUARE, NAGPUR - 09 PAN: ACEPP6310J .. / CROSS OBJECT OR / V/S. THE INCOME TAX OFFICER, WARD - 6(3), NAGPUR. / RESPONDENT 2 ITA NO. 457 /NAG /20 13 CO. NO.02/NAG/2014 A.Y. 2007 - 08 A SSESSEE BY : SHRI RAJESH LOIA REVENUE BY : DR. MILIND BHUSARI / DATE OF HEARING : 1 4 .01.2020 / DATE OF PRONOUNCEMENT : 14 .01.2020 / ORDER PER PARTHA SARATHI CHAUDHU RY, JM : THIS APPEAL PREFERRED BY THE REVENUE EMANATES FROM THE ORDER OF THE LD. CIT(APPEALS) - II, NAGPUR DATED 28.10.2013 FOR THE ASSESSMENT YEAR 2007 - 08 AS PER THE GROUNDS OF APPEAL ON RECORD. THE ASSESSEE HAS PREFERRED CROSS OBJECTION IN CO NO.02/NAG/2014 AGAINST THE APPEAL FILED BY THE REVENUE. 2. THE LD. AR OF THE ASSESSEE SUBMITTED AT THE OUTSET THAT THE APPEAL OF REVENUE IS LIABLE TO BE DISMISSED ON ACCOUNT OF LOW TAX EFFECT IN TERMS OF RECENT CBDT CIRCULAR NO.17/2019 [F NO.279/MISE.142/2007 - ITJ (PT)], DATED 08 - 08 - 2019 READ WITH CIRCULAR NO.3 OF 2018 DATED 11.07.2018 REVISING THE UPWARD MONETARY LIMITS FOR FILING OF APPEALS IN INCOME TAX CASES BEFORE VARIOUS APPELLATE FORUMS. THE EARLIER CBDT CIRCULAR NO.03/2019 DATED 11.07.2018 FIXED MONETARY LIMIT FOR FILING OF APPEALS BEFORE THE TRIBUNAL AT RS.20 LAKHS. SUCH LIMIT HAS BEEN ENHANCED IN THE RECENT CBDT CIRCULAR DATED 08.08.2019 FROM RS.20 LAKHS TO RS. 50 LAKHS. 3. THE LD. DR FAIRLY ADMITTED THAT IN THE PRESENT APPEAL BY THE DEPARTMENT TAX EFFECT IS LESS THAN RS.50 LAKHS. 3 ITA NO. 457 /NAG /20 13 CO. NO.02/NAG/2014 A.Y. 2007 - 08 4. BOTH SIDES HEARD. THE REVENUE IS IN APPEAL AGAINST THE ORDER OF LD. CIT(APPEALS) IN DELETING THE ADDITIONS. UNDISPUTEDLY, THE TAX EFFECT INVOLVED IN THESE APPEALS IS LESS THAN THE MONETARY LIMIT PRESCRIBED BY THE RECENT CBDT CIRCULAR NO. 17/2019 [F NO.279/MISE.142/2007 - ITJ (PT)] DATED 08 - 08 - 2019 READ WITH CIRCULAR NO.3 OF 2018 DATED 11.07.2018 FOR FILING OF APPEALS BEFORE THE TRIBUNAL BY THE DEPARTMENT. THE CBDT VIDE CIRCULAR DATED 08.08.2019 (SUPRA.) HAS AMENDED PARA 3 OF CIRCULAR NO.3 OF 2018 DATED 11.07.2018 THEREBY ENHANCING MONETARY LIMIT OF TAX EFFECT FROM RS.20 LAKHS TO RS.50 LAKHS FOR FILING APPEALS BY THE DEPARTMENT BEFORE THE TRIBUNAL. THUS, WITHOUT GOING INTO MERIT OF THE ISSUES RAISED IN THE APPEAL, IN VIEW OF THE CBDT CIRCULAR (SUPRA) THE PRESENT APPEAL OF THE REVENUE IS DISMISSED ON ACCOUNT OF LOW TAX EFFECT. 5. BEFORE PARTING, WE CLARIFY HERE THAT THE REVENUE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR RESTORATION OF APPEAL, WITH THE REQUISITE MATERIAL TO SHOW THAT TH E APPEAL IS PROTECTED BY THE EXCEPTIONS PRESCRIBED IN PARA 10 OF THE CIRCULAR DATED 11 - 07 - 2018 AND ITS AMENDMENT DATED 20 - 08 - 2018. 6. IN THE RESULT, APPEAL OF THE REVENUE IS DISMISSED . 7. SINCE WE HAVE DISMISSED THE REVENUES APPEAL, CORRESPONDING CROS S OBJECTION FILED BY THE ASSESSEE IN CO NO.02/NAG/2014 BECOMES INFRUCTUOUS AND HENCE, LIABLE TO BE DISMISSED. THUS, CROSS OBJECTION IN CO NO.02/NAG/2014 FILED BY THE ASSESSEE IS DISMISSED . 4 ITA NO. 457 /NAG /20 13 CO. NO.02/NAG/2014 A.Y. 2007 - 08 8. IN THE COMBINED RESULT, APPEAL OF THE REVENUE AND CROSS OBJEC TION FILED BY THE ASSESSEE, BOTH, ARE DISMISSED. ORDER PRO NOUNCED ON 14 TH DAY OF JANUARY, 2020 . SD/ - SD/ - D. KARUNAKARA RAO PARTHA SARATHI CHAUDHURY ACCOUNTANT MEMBER JUDICIAL MEMBER / PUNE; / DATED : 14 TH JANUARY , 20 20 . SB / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT. 2. / THE RESPONDENT. 3. THE CIT(APPEALS) - II, NAGPUR. 4. THE CIT - III, NAGPUR. 5 . , , / DR, ITAT, NAGPUR. 6. / GUARD FILE. // TRUE COPY // / BY ORDER, / PRIVATE SECRETARY , / ITAT, PUNE . 5 ITA NO. 457 /NAG /20 13 CO. NO.02/NAG/2014 A.Y. 2007 - 08 DATE 1 DRAFT DICTATED ON 14 .01.2020 SR.PS/PS 2 DRAFT PLACED BEFORE AUTHOR 1 4 .01.2020 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