ACIT, New Delhi V. M/s. Gag Construction (P) Ltd., New Delhi

ITA 1176/DEL/2013

• Counselvise Citation: [2016] 132 COUNSELVISE.COM (IT) 8232 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 1 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-04-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 19-04-2016
• Assessment Year: 2006-2007
• Appeal Filed On: 28-02-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: T VASANTHAN
• Assessee Lawyers: V S RASTOGI
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH C NEW DELHI BEFORE SHRI J.S. REDDY, ACCOUNTANT MEMBER AND SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER ITA NO. 1176/DEL/2013 AY: 20 06-07 ASSTT.COMMISSIONER OF INCOME TAX, VS M/S GAG CO NSTRUCTION (P) LTD., CENTRAL CIRCLE-23, M-11, MIDDLE CIRCLE, NEW DELHI. CONNAUGHT PLACE, NEW DELHI-110001 (PAN: AABCG3001H) (APPELLANT) (RESPON DENT) APPELLANT BY : SHRI T. VASANTHAN, SR. DR RESPONDENT BY : SHRI V.S. RASTOGI, AR DATE OF HEARING: 19.04.2016 DATE OF PRONOUNCEMENT: 19.04.2016 ORDER PER SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER THIS IS AN APPEAL FILED BY THE REVENUE. 1.1 THE LD. AR AT THE OUTSET SUBMITTED A CHART DEMONST RATING THAT THE TAX EFFECT WAS ONLY RS. 8,20,177/- AND SUB MITTED THAT IN TERMS OF CBDT CIRCULAR NO. 21/2015 DATED 10 TH DECEMBER, 2015, F. NO. 279/MISC./142/2007-ITJ(PT.) READ WITH SECTIO N 268 A OF THE INCOME TAX ACT, 1961, THIS APPEAL BY THE REVENU E SHOULD HAVE BEEN WITHDRAWN OR SHOULD NOT HAVE BEEN PRESSED BY THE REVENUE. 1.2 ADMITTEDLY, THE TAX EFFECT IN THIS APPEAL IS LESS THAN RS. 10 LAKHS. I.T.A. NO. 1176/DEL/2013 ASSESSMENT YEAR 2006-07 2 2. IN VIEW OF THE ABOVE, THIS APPEAL BY THE REVENUE IS DISMISSED IN LIMINE. ORDER PRONOUNCED IN THE OPEN COURT ON 19TH APRIL, 2016. SD/- SD/- (J.S. REDDY) (SUDHANSHU SRIVASTAVA) ACCOUNTANT MEMBER JUDICI AL MEMBER DATED: THE 19TH OF APRIL, 2016 GS COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 4. DR, ITAT BY ORDER ASSTT. REGISTRAR