Deputy Commissioner Of Income Tax, Circle- 1(1)(1), Bangalore V. M/s. Agnus Holdings Private Limited, Bangalore

ITA 1101/BANG/2019

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 5989 (ITAT-BANGALORE)
• Duration Of Justice: 8 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-02-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 05-02-2020
• Assessment Year: 2010-2011
• Appeal Filed On: 17-05-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: MANJEET SINGH BENGALURU
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH : BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND SHRI A.K.GARODIA, ACCOUNTANT MEMBER ITA NO. 1101/BANG/2019 ASSESSMENT YEAR : 2010 - 11 THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(1)(1). BANGALORE. VS. M/S AGNUS HOLDINGS PVT.LTD., STAR II OPP IIMB, BANNERGHATTA ROAD, BANGALORE 560 095. PAN: AAHCS 6660A APPELLANT RESPONDENT APPELLANT BY : SHRI, MANJEET SINGH, ADDL.CIT(DR)(ITAT),BENGALURU. RESPONDENT BY : SMT. SHEETAL BO RKAR, ADVOCATE. DATE OF HEARING : 05.02.2020 DATE OF PRONOUNCEMENT : 12 .02.2020 O R D E R PER N.V. VASUDEVAN, VICE PRESIDENT THIS APPEAL IS BY THE REVENUE AGAINST THE ORDER DATED 27.02.2019 OF THE CIT(APPEALS)-1, BENGALURU FOR THE ASSESSMENT YEAR 2010-11. 2. ADMITTEDLY, THE TAX EFFECT IN THIS APPEAL BY T HE REVENUE IS LESS THAN RS.50 LAKHS. IN VIEW OF THE CBDT IN CIRCULAR NO.17/2019, DATED 08.08.2019 , THE REVENUE CANNOT FILE APPEALS BEFORE THE TRIBUN AL WHERE THE TAX EFFECT IS LESS THAN RS.50 LAKHS. SINCE THE TAX EFFECT IN THE PRESENT ITA NO. 1101/BANG/2019 PAGE 2 OF 2 APPEAL IS LESS THAN RS.50 LAKHS, THIS APPEAL OF THE REVENUE IS LIABLE TO BE DISMISSED AS NOT MAINTAINABLE. ACCORDINGLY, THE AP PEAL OF THE REVENUE IS DISMISSED. PRONOUNCED IN THE OPEN COURT ON THIS 12 TH DAY OF FEBRUARY, 2020. SD/- SD/- ( A.K.GARODIA ) ( N V VASUDEVAN ) ACCOUNTANT MEMBER VICE PRESIDENT BANGALORE, DATED, THE 12 TH FEBRUARY, 2020. / DESAI S MURTHY / COPY TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5 . DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR ITAT, BANGALORE.