M/s. B.L. Kashyap & Sons Pvt. Ltd., New Delhi V. ACIT, Delhi

CO 302/DEL/2016

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 2424 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 1 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 04-09-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2009-2010
• Appeal Filed On: 02-09-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI A BEN CH, NEW DELHI BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER ITA NO.4342/DEL/2016 [A.Y 2009-10] ACIT VS. B. L. KASHYAP & SONS PVT. LTD. CENTRAL CIRCLE-15 B-1/EXTENSION/E-23,MOHAN DELHI COOPERATIVE INDUSTRIAL ESTATE, MATHURA ROAD NEW DELHI PAN NO.AAACB0205F [APPELLANT] [RESPONDENT] APPELLANT BY : SH. GURMEL SINGH, SR. DR RESPONDENT BY : SH. SALIL KAPOOR, ADVOCATE SH. SUMIT LAL CHANDANI, ADVOCATE CROSS OBJECTION NO.302/DEL/2016 (IN ITA NO.4342/DEL/2016) [A.Y 2009-10] B. L. KASHYAP & SONS PVT. LTD. VS. ACIT B-1/EXTENSION/E-23, MOHAN CENTRAL CIRCLE-15 COOPERATIVE INDUSTRIAL ESTATE, DELHI MATHURA ROAD NEW DELHI PAN NO.AAACB0205F [APPELLANT] [RESPONDENT] APPELLANT BY : SH. SALIL KAPOOR, ADVOCATE SH. SUMIT LAL CHANDANI, ADVOCATE RESPONDENT BY : SH. GURMEL SINGH, SR. DR DATE OF HEARING : 04.09.2019 DATE OF PRONOUNCEMENT : 04. 09.2019 2 ORDER PER N. K. BILLAIYA , AM : THE ABOVE CAPTIONED APPEAL BY THE REVENUE IS TAKEN UP AS IN THIS APPEAL THE TAX EFFECT IS LESS THAN THE MONETARY LIM IT FIXED BY THE CBDT IN ITS CIRCULAR NO.17/2019 DATED 08.08.2019. 2. VIDE LETTER DATED 20.08.2019 ADDRESSED TO ALL TH E PRINCIPAL CHIEF COMMISSIONERS OF INCOME TAX, THE BOARD HAS CLARIFIE D THAT CIRCULAR NO.17/2019 IS APPLICABLE TO ALL PENDING APPEALS. 3. IN THE LIGHT OF THE CBDT CIRCULAR NO.17/2019 THE ABOVE APPEAL BY THE REVENUE IS DISMISSED. CROSS OBJECTION NO.302/DEL/2016 (A. Y.2009-10) 4. CROSS OBJECTION IS DISMISSED AS NOT PRESSED. 5. IN THE RESULT, THE APPEAL FILED BY THE REVENUE A ND CROSS OBJECTION FILED BY THE ASSESSEE STAND DISMISSED. THE ORDER IS PRONOUNCED IN THE OPEN COURT ON 04.09 .2019. SD/- SD/- [SUCHITRA KAMBLE] [N.K. BILLAIYA] JUDICIAL MEMBER A CCOUNTANT MEMBER DATED: 04 SEPTEMBER, 2019 *NEHA* COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CITI 4. CIT(A) 5. DR ASST. REGISTRAR ITAT, NEW DELHI 3 DATE OF DICTATION 04.09.2019 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 04.09.2019 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE OTHER MEMBER 04.09.2019 DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR.PS/PS 04.09.2019 DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE D ICTATING MEMBER FOR PRONOUNCEMENT 04.09.2019 DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR. PS/ PS 04.09.2019 DATE ON WHICH THE FINAL ORDER IS UPLOADED ON THE WE BSITE OF ITAT 04.09.2019 DATE ON WHICH THE FILE GOES TO THE BENCH CLERK 05.0 9.2019 DATE ON WHICH FILE GOES TO THE HEAD CLERK. THE DATE ON WHICH FILE GOES TO THE ASSISTANT REGISTRA R FOR SIGNATURE ON THE ORDER DATE OF DISPATCH OF THE ORDER