Ruchi Garg , Delhi V. DCIT Central Circle-2, Delhi

CO 44/DEL/2023

AI Insights

The case involves an appeal by the Deputy Commissioner of Income Tax (DCIT) against Ruchi Garg concerning an order passed by the Principal Commissioner of Income Tax, New Delhi, for the assessment year 2014-15. The appeal was dismissed due to the tax effect being below the Rs. 50 lakhs threshold set by the CBDT Circular No. 17/2019. Additionally, the Assessee withdrew her cross objection, leading to its dismissal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 108514 (ITAT-DELHI)
• Duration Of Justice: 2 month(s) 17 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 22-06-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Next Hearing Date: 21-06-2023
• Assessment Year: 2014-2015
• Appeal Filed On: 05-04-2023
• Laws Referred To: CBDT Circular No. 17/2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

1 ITA No. 1439/Del/2022 &C.O No. 44/Del/2022 DCIT VS. RUCHI GARG IN THE INCOME TAX APPELLATE TRIBUNAL [ DELHI BENCH: ‘F’ NEW DELHI ] BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER AND SHRI YOGESH KUMAR U.S., JUDICIAL MEMBER I.T.A. No. 1439/DEL/2022 (A.Y. 2014-15) DCIT Central Circle-2 Room No. 363, ARA Centre, Jhandewalan Extension, New Delhi ( APPELLANT ) Vs. Ruchi Garg F-22, F Block, Model Town-II, New Delhi PAN: AAGCM5789D ( RESPONDENT ) C.O No. 44/DEL/2023 (A.Y. 2014-15) Ruchi Garg F-22, F Block, Model Town- II, New Delhi PAN: AAGCM5789D ( APPELLANT ) Vs. DCIT Central Circle-2 Room No. 363, ARA Centre, Jhandewalan Extension, New Delhi ( RESPONDENT ) Assessee by : Sh. Pranav Yadav, Adv Department by: Ms. Banita Devi Neorem, CIT DR Date of Hearing 22.06.2023 Date of Pronouncement 23.06.2023 2 ITA No. 1439/Del/2022 &C.O No. 44/Del/2022 DCIT VS. RUCHI GARG ORDER PER YOGESH KUMAR U.S., JM The present appeal and Cross Objection filed by the Revenue and the Assessee respectively against the order dated 14.02.2022 passed by Principal Commissioner of Income Tax, New Delhi, for assessment year 2014-15. 2. The Ld. AR submitted that, the tax effect involved in the present appeal is Rs. 48,92,824/- which is below the prescribed limit of Rs.50 lakhs as fixed by the CBDT Circular No. 17/2019. The Ld. AR submitted the calculation chart of the tax effect which reads as under:- 3 ITA No. 1439/Del/2022 &C.O No. 44/Del/2022 DCIT VS. RUCHI GARG 3. The Ld. DR did not dispute the above calculation of the tax effect in the present Appeal. In view of the same, the Appeal filed by the Revenue in ITA No. 1439/Del/2022 is dismissed. Further, since the assessee has withdrawn the C.O. No. 44/Del/2022, the C.O. filed by the Assessee is dismissed as withdrawn. Order pronounced in the open court on : 23/06/2023 . Sd/- Sd/- ( SHAMIM YAHYA) (YOGESH KUMAR U.S.) ACCOUNTANT MEMBER JUDICIAL MEMBER Dated : 23/06/2023 *R.N, Sr. PS* Copy forwarded to :- 1. Appellant 2. Respondent 3. CIT 4. CIT (Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI