The Dy. CIT, Central Circle-1, Baroda V. Siddharth Incorporation, Baroda

ITA 1102/AHD/2016

• Counselvise Citation: [2017] 127 COUNSELVISE.COM (IT) 8569 (ITAT-AHMEDABAD)
• Duration Of Justice: 1 year(s) 4 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-09-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2011-2012
• Appeal Filed On: 29-04-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD SMC BENC H (BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER & SHRI MAHAVIR PRASAD, JUDICIAL MEMBER) ITA. NO: 1102/AHD/2016 (ASSESSMENT YEAR: 2011-12) DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, BARODA V/S SIDDHARTH INCORPORATION 3, DARSHAN PARK SOCIETY, VIP ROAD, KARELIBAUG, BARODA- 390018 (APPELLANT) (RESPONDENT) PAN: ABOFS5986N APPELLANT BY : SHRI JAMES KURIAN, SR. D. R. RESPONDENT BY : NONE ( )/ ORDER DATE OF HEARING : 31-08-2017 DATE OF PRONOUNCEMENT : 06 S-09-2017 PER N.K. BILLAIYA, ACCOUNTANT MEMBER: 1. THIS APPEAL BY THE REVENUE IS PREFERRED AGAINST THE ORDER OF THE LD. CIT(A)-12, AHMEDABAD DATED 02.12.2015 PERTAINING TO A.Y. 2011- 12. ITA NO. 1102 /AHD/2016 . A.Y. 2011-12 2 2. THE ONLY GRIEVANCE OF THE REVENUE IS THAT THE LD. C IT(A) ERRED IN DELETING THE PENALTY OF RS. 5,00,000/- LEVIED U/S. 271AAA OF THE ACT. 3. THE CBDT VIDE CIRCULAR NO. 21 OF 2015 DATED 10.12.2 015 HAS DIRECTED REVENUE NOT TO PREFER APPEAL BEFORE THE TRIBUNAL WHERE THE TAX EFFECT IS LESS THAN RS. 10 LACS. THEREFORE, IN THE LIGHT OF THIS CIRCULAR OF T HE CBDT, APPEAL FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON 06 - 09- 20 17 SD/- SD/- (MAHAVIR PRASAD) (N. K. BILLAIYA) JUDICIAL MEMBER TRUE COPY ACC OUNTANT MEMBER AHMEDABAD: DATED 06 /09/2017 RAJESH COPY OF THE ORDER FORWARDED TO: - 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE CIT (APPEALS) 4. THE CIT CONCERNED. 5. THE DR., ITAT, AHMEDABAD. 6. GUARD FILE. BY ORDER DEPUTY/ASSTT.REGISTRAR ITAT,AHME DABAD