ACIT, C-7, Ludhiana V. M/s Jamna Dass Nikka Mal Jain Saraf (P) Ltd., Ludhiana

ITA 1114/CHANDI/2019

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 1966 (ITAT-CHANDIGARH)
• Duration Of Justice: 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-09-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 28-08-2019
• Assessment Year: 2017-2018
• Appeal Filed On: 09-08-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH A CHANDIGARH !, ' # , $ % & ' ( , )* # BEFORE: SMT. DIVA SINGH, JM & SMT.ANNAPURNA GUPTA, AM ./ ITA NO. 1114/CHD/2019 ASSESSMENT YEAR. : 2017-18 THE ACIT, CIRCLE 7, LUDHIANA. VS M/S JAMNA DASS NIKKAMAL JAIN SARAF P.LTD., 455, THE MALL, LUDHIANA. PAN /TAN NO: AAACJ4166F APPELLANT RESPONDENT REVENUE BY : SMT. CHANDERKANTA, SR.DR !' ASSESSEE BY : NONE # $'% DATE OF HEARING : 28.08.2019 &'()'% D ATE OF PRONOUNCEMENT : 05.09.2019 )-/ ORDER PER DIVA SINGH THE PRESENT APPEAL HAS BEEN FILED BY THE REVENUE W HEREIN THE CORRECTNESS OF THE ORDER DATED 10.05.2019 OF CI T(A)-3 LUDHIANA PERTAINING TO 2017-18 ASSESSMENT YEAR IS A SSAILED. 2. AT THE TIME OF HEARING, THE LD. SR.DR CONSIDERIN G THE RECORD STATED THAT IN THE PRESENT APPEAL RELIEF GRA NTED TO THE EXTENT OF RS. 2,65,559/- IS CHALLENGED. CONSEQUENTL Y IN TERMS OF THE LATEST CBDT CIRCULAR, THE TAX EFFECT I NVOLVED BEING MUCH BELOW THE STATUTORY LIMIT OF RS. 50 LACS ., THE APPEAL MAY BE TREATED AS NOT PRESSED. ITA 1114 /CHD/2019 A.Y. 2017-18 PAGE 2 OF 2 3. NO ONE WAS PRESENT ON BEHALF OF THE ASSESSEE. HOWEVER, CONSIDERING THE SUBMISSIONS OF THE LD. SR.DR WHICH ARE IN TERMS OF CIRCULAR NO. 17/2019 ISSUED BY THE CBDT DA TED 08.08.2019, WE DISMISS THE REVENUES APPEAL AS NOT MAINTAINABLE. SAID ORDER WAS PRONOUNCED IN THE OPE N COURT AT THE TIME OF HEARING ITSELF. 4. IN THE RESULT, APPEAL OF THE REVENUE IS DISMISSE D. ORDER PRONOUNCED IN THE OPEN COURT ON 5 TH SEPTEMBER,2019. SD/- SD/- ( $ % & ' ( ) ( ! ) (ANNAPURNA GUPTA) (DIVA SINGH) )* #/ ACCOUNTANT MEMBER ' #/ JUDICIAL MEMBER POONAM '+ ',- .-' / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. # /' / CIT 4. # /' ( )/ THE CIT(A) 5. -01 '2 , % 2 , 34516 / DR, ITAT, CHANDIGARH 6. 15 7$ / GUARD FILE '+ # / BY ORDER, 8 / ASSISTANT REGISTRAR