Appeal Details
Counselvise Citation
[2017] 127 COUNSELVISE.COM (IT) 8450 (ITAT-AHMEDABAD)
Assessee PAN
Bench
Appeal Number
CRN Number
Duration Of Justice
5 year(s) 3 month(s) 18 day(s)
Appellant
Respondent
Appeal Type
Income Tax Appeal
Pronouncement Date
20-09-2017
Appeal Filed By
Department
Order Result
Dismissed
Bench Allotted
SMC
Next Hearing Date
13-09-2017
Assessment Year
2005-2006
Appeal Filed On
01-06-2012
Judgement Text
IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD SMC BENCH AHMEDABAD BEFORE SHRI PRAMOD KUMAR, ACCOUNTANT MEMBER, AND SHRI S. S. GODARA, JUDICIAL MEMBER. ITA NOS. 1201 TO 1204/AHD/2012 (ASSESSMENT YEARS: 2005-06, 2 008-09, 2007-08 & 2006-07) ITO, WD.8(4), B-205, 2 ND FLOOR, PRATYAKSHKAR BHAVAN, AMBAWADI, AHMEDABAD APPELLANT VS. YASH BHUMI CONSTRUCTION PVT. LTD., 401, SAUBHAM COMPLEX, NR. JAIN DERASAR, NAVRANGPURA, AHMEDABAD 380009 RESPONDENT PAN: AAACY1129M /BY REVENUE : SHRI ROOP CHAND, SR. D.R. /BY ASSESSEE : SHRI P. B. PARMAR, A.R. /DATE OF HEARING : 13.09.2017 /DATE OF PRONOUNCEMENT : 20.09.2017 ORDER PER S. S. GODARA, JUDICIAL MEMBER THESE REVENUES FOUR APPEALS FOR ASSESSMENT YEARS 2 005-06, 2008-09, 2007- 08 & 2006-07 ARISE AGAINST THE CIT(A)-XIV, AHMEDABA DS COMMON ORDER DATED 19.03.2012, IN CASE NOS. CIT(A) XIV/WD.8(4)/140,141 ,142 & 143/10-11, INTER ALIA DELETING SECTION 68 UNEXPLAINED CASH CREDITS ADDITI ON OF RS. 7LACS AND RS.1.5 LACS IN FORMER TWO APPEALS AS WELL AS IDENTICAL SECTION 80IB(10) DISALLOWANCE OF RS.9,34,367/-, RS.2,89,991/-, RS.16,37,867/- AND RS .17,20,089/-; APPEAL-WISE RESPECTIVELY, IN PROCEEDINGS U/S. 148 R.W.S. 143(3) OF THE ACT IN FORMER THREE ITA NOS. 1201 TO 1204/AHD/12 ( ITO VS. YASH BHUMI C ONSTRUCTION PVT. LTD.) A.YS. 2005-06, 2008-09, 2007-08 & 2006-07 - 2 - ASSESSMENT YEARS AND U/S.143 OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT IN LAST ASSESSMENT YEAR 2008-09. HEARD BOTH SIDES. CASE FILES PERUSED. 2. A BARE PERUSAL OF THE REVENUES ABOVE NARRATED G RIEVANCE SEEKING TO REVIVE SECTION 68 ADDITION(S) AND SECTION 80IB(10) DISALLO WANCE PERTAINING TO THE HOUSING PROJECT IN QUESTION NAR NARAYAN BUNGALOW AS SPRE AD OVER IN THE FOUR IMPUGNED ASSESSMENT YEARS. LEARNED DEPARTMENTAL REPRESENTAT IVE FAILS TO DISPUTE THAT THE NET TAX EFFECT INVOLVED IN ANY OF THE APPEAL IS LESS TH AN RS.10LACS AS PRESCRIBED IN CBDT CIRCULAR NO. 21/2015 DATED 10.12.2015. NOR IT IS THE REVENUE CASE THAT THESE FOUR CASES DO COME UNDER THE EXCEPTION CLAUSES ENVI SAGED IN THE ABOVE CIRCULAR. WE THEREFORE DECLINE ALL THESE FOUR APPEALS SINCE I NVOLVING LOWER THAN PRESCRIBED TAX EFFECT. 3. THESE FOUR REVENUES APPEALS ARE DISMISSED. [PRONOUNCED IN THE OPEN COURT ON THIS THE 20 TH DAY OF SEPTEMBER, 2017.] SD/- SD/- (PRAMOD KUMAR) (S. S. GODARA) ACCOUNTANT MEMBER JUDIC IAL MEMBER AHMEDABAD: DATED 20/09/2017 TRUE COPY S.K.SINHA / COPY OF ORDER FORWARDED TO:- / REVENUE 2 / ASSESSEE ! / CONCERNED CIT 4 !- / CIT (A) ( )*+ ,--. . /0 / DR, ITAT, AHMEDABAD 1 +23 45 / GUARD FILE. BY ORDER / . // . /0
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