Warana Industries Ltd, Kolhapur V. Deputy Commissioner of Income-tax, Circle - 1, Kolhapur

CO 39/PUN/2022

• Counselvise Citation: [2022] 104 COUNSELVISE.COM (IT) 1549 (ITAT-PUNE)
• Duration Of Justice: 3 month(s) 2 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 05-10-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 28-09-2022
• Assessment Year: 2014-2015
• Appeal Filed On: 03-07-2022
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Tax effect
• Section: 143(3); 250; 13

Judgement Text

॥ आयकर अपीलीय न्यायाधिकरण, पुणे “बी” न्यायपीठ, पुणे में ॥ ITAT-Pune Page 1 of 4 IN THE INCOME TAX APPELLATE TRIBUNAL, PUNE “B” BENCH, PUNE BEFORE SHRI S. S. GODARA, JUDICIAL MEMBER AND SHRI G. D. PADMAHSHALI, ACCOUNTANT MEMBER आयकरअपीऱसं. / ITA No.1612/PUN/2019 निर्धारणवर्ा / Assessment Year : 2014-2015 Dy. Commissioner of Income Tax, Circle-1, Kolhapur . . . . . . . अपीऱधर्थी / Appellant बनाम / V/s. Shri Warana Industries Ltd., Gat No.795, Tatyasaheb Kore Nagar, Chikurde Road, Warana Nagar, Dist. Kolhapur PAN: AAACW1694H . . . . . . . . प्रत्यर्थी / Respondent & CO No. 39/PUN/2022 निर्धारणवर्ा / Assessment Year : 2014-2015 Shri Warana Industries Ltd., Gat No.795, Tatyasaheb Kore Nagar, Chikurde Road, Warana Nagar, Dist. Kolhapur PAN: AAACW1694H . . . . . . . . Cross Objector बनाम / V/s. Dy. Commissioner of Income Tax, Circle-1, Kolhapur . . . . . . . अपीऱधर्थी / Appellant द्वारा/ Appearances Assessee by : None Revenue by : Shri M.G. Jasnani स ु नवाई की तारीख / Date of conclusive Hearing : 29/09/2022 घोषणा की तारीख / Date of Pronouncement : 06/10/2022 Warana Industries Ltd. ITA No.1612/PUN/2019 & CO No.39/PUN/2022 PAN : AAACW1694H AY: 2014-15 ITAT-Pune Page 2 of 4 आदेश / ORDER PER G. D. PADMAHSHALI, AM; By the present appeal, the Revenue challenged the order of Commissioner of Income Tax (Appeals)-1, Kolhapur [for short “CIT(A)”] dt. 25/07/2019 passed u/s 250 of the Income-tax Act, 1961 [for short “the Act”], which soared out of assessment order dt. 26/12/2017 passed u/s 143(3) by the Asst. Commissioner of Income Tax, Circle-1, Kolhapur [for short “AO”] for assessment year [for short “AY”] 2014-15 and whereas the assessee has filed a Cross Objection [for short “CO”] thereagainst claiming the appeal of Revenue as not maintainable for the reason of low tax effect [for short “LTE”]. 2. When the case was called up for physical hearing, none represented the assessee, bearing in mind contents of CO, in the interest of justice we proceeded u/r 24 of the ITAT-Rules, to adjudicate the matters ex-parte on merits, which empowers this Tribunal to decide the appeal filed by the appellant ex–parte on merits where the appellant does not appear in person or through an authorised representative and the same is done placing on record a Warana Industries Ltd. ITA No.1612/PUN/2019 & CO No.39/PUN/2022 PAN : AAACW1694H AY: 2014-15 ITAT-Pune Page 3 of 4 no-objection from the learned departmental representative [for short “DR”] who without going into facts and grounds of appeal raised, entreated that the appeal of the revenue falls below the tax effect within the purview of Central Board of Direct Taxes [for short “CBDT”] Circular 17/2019 r.w. Circular 3/2018, however it is prayed that, a liberty should be given to Revenue to contest this appeal at any subsequent stage for the reasons stipulated in the foresaid circular by filing a Miscellaneous Application [for short “MA”] before the Tribunal to revive this appeal for an order of recalling. 3. Undisputedly the tax effect in the present appeal filed by the Revenue is below ₹50 Lakhs, and mindful to para 13 of the CBDT Circular No. 3/2018 r.w.c. 17/2019, we are inclined to dismiss this appeal due to “LTE”, without going into the merits of the case. While disposing so, we are granting a liberty to the appellant revenue to revive the same by filing MA for recalling of this order at any stage to agitate the matter/issue set forth in the present appeal in accordance with the clauses as are contained in the Warana Industries Ltd. ITA No.1612/PUN/2019 & CO No.39/PUN/2022 PAN : AAACW1694H AY: 2014-15 ITAT-Pune Page 4 of 4 respective circulars of the CBDT, ergo we order accordingly. In view of our order dismissing the appeal of revenue on LTE, the CO filed by the assessee becomes infructuous. 4. Resultantly, the appeal of the Revenue and Cross Objection of the assessee are dismissed, with no order as to cost. In terms of rule 34 of ITAT Rules, the order pronounced in the open court on this Thursday 06 th day of October, 2022. -S/d- -S/d- -S/d- S. S. GODARA G. D. PADMAHSHALI JUDICIAL MEMBER ACCOUNTANT MEMBER पुणे / PUNE ; दिन ांक / Dated : 06 th day of October, 2022. आदेश की प्रधिधलधप अग्रेधिि / Copy of the Order forwarded to : 1.अपील र्थी / The Appellant. 2. प्रत्यर्थी / The Respondent. 3. The Pr. CIT-1, Kolhapur (M.H.-India) 4. The CIT(A)-1, Kolhapur (M.H.-India) 5. DR, ITAT, Pune Bench ‘B’, Pune 6. ग र्डफ़ इल / Guard File. आिेश नुस र / BY RDER, वररष्ठ दनजी सदिव / Sr. Private Secretary आयकर अपीलीय न्य य दिकरण, पुणे / ITAT, Pune.