The Dy. Commissioner of Income Tax Circle-1(1)(1), Ahmedabad V. M/s. Asian Granito India Ltd., Ahmedabad

ITA 121/AHD/2020

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 2855 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 3 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-05-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2005-2006
• Appeal Filed On: 02-02-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: V.K. SINGH
• Keywords: Tax effect; Tax effect
• Section: 271(1)(c)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, AHMEDABAD BEFORE SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER & Ms. MADHUMITA ROY, JUDICIAL MEMBER I. T .A . N o s . 1 21 & 12 2 / A h d/2 0 2 0 ( A s s e s s me nt Y ea r s : 2 0 05 -0 6 to 2 00 6 - 0 7) D C I T C ir cl e - 1( 1) ( 1) , A h m e d a ba d V s . M / s. A s ia n Gr a n it o I nd ia L td . 2 0 2, De v A r c, O pp . Is c o n Te mp l e, S .G . H i gh wa y, A h m e d a b ad - 3 80 0 5 4 [ P A N N o . A A F C A 2 34 0H ] (Appellant) .. (Respondent) I .T .A . No s. 1 23 to 12 7 / Ah d/2 0 2 0 ( A s s e s s me nt Y ea r s : 2 0 04 -0 5 to 2 00 8 - 0 9) D C I T , C ir cl e - 1( 1) ( 1) , A h m e d a ba d V s . M / s. A s ia n Ti le s Lt d. 2 0 2, De v A r c, O pp . Is c o n Te mp l e, S . G. H ig h wa y, A h m e d a b ad-3 80 0 5 4 [ P A N N o . A A C C A 5 2 1 3 E ] (Appellant) .. (Respondent) Revenue by : Shri V. K. Singh, Sr. DR Assessee by : Shri Assem L. Thakkar, CA D a t e of H ea r i ng 04.05.2022 D a t e of P r o no u n ce me nt 06.05.2022 O R D E R PER BENCH: The bunch of seven appeals have been filed by the Revenue are directed against the separate orders dated 15.11.2019 & 25.11.2019 passed by the Ld. CIT(A)-1, Ahmedabad arising out of the penalty order all dated 27.02.2018 passed by the JCIT(OSD), Circle-1(1)(1), Ahmedabad under Section 271(1)(c) of the Income Tax Act, 1961 ITA Nos.121-122/Ahd/2020 & ITA Nos.123-127/Ahd/2020 Asst. Years –2005-06 to 2006-07 & 2004-05 to 2008-09 - 2 - (hereinafter referred to as “the Act”) for the Assessment Years (A.Ys.) 2005-06 to 2006-07 and 2004-05 to 2008-09 respectively. ITA No. 121/Ahd/2020(A.Y. 2005-06)(Revenue’s Appeal):- 2. The grounds of appeal raised by the Revenue are read as under:- “1. The CIT(A) has erred in law and in facts and in circumstances of the case by deleting the penalty of Rs.19,92,476/- levied u/s 271(1)(c) of the Act for A.Y. 2005-06. 2. The CIT(A) has erred in law and in facts and in circumstances of the case by deleting the penalty of Rs.32,92,171/- levied u/s 271(1)(c) of the Act for A.Y. 2006-07. 3. It is, therefore, prayed that the order of ld. CIT(A) may be set aside and that the Assessing Officer be restored.” 3. At the time of hearing, it was submitted by the Ld.AR for the assessee that appeal filed by the Revenue is hit by recently issued CBDT Circular No.17 of 2019 dated 08/08/2019 revising the previous thresholds pertaining to tax effects. As per aforesaid Circular, all pending appeals filed by Revenue are liable to be dismissed as a measure for reducing litigation where the tax effect does not exceed the prescribed monetary limit which is now revised at Rs.50 Lakhs. In the instant case, the tax effect on the disputed issues raised by the Revenue is stated to be not exceeding Rs.50 lakhs and therefore appeal of the Revenue is required to be dismissed in limine. 4. The Learned DR for the Revenue fairly admitted the applicability of the CBDT Circular No. 17 of 2019. Accordingly, appeal of the Revenue is dismissed as not maintainable. However, it will be open to ITA Nos.121-122/Ahd/2020 & ITA Nos.123-127/Ahd/2020 Asst. Years –2005-06 to 2006-07 & 2004-05 to 2008-09 - 3 - the Revenue to seek restoration of its appeal on showing inapplicability of the aforesaid CBDT Circular in any manner. 5. In the combined result, the appeals of the Revenue are dismissed. This Order pronounced in Open Court on 06/05/2022 Sd/- Sd/- (ANNAPURNA GUPTA) (Ms. MADHUMITA ROY) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad; Dated 06/05/2022 TANMAY, Sr. PS TRUE COPY आदेश क त ल प अ े षत/Copy of the Order forwarded to : 1. अपीलाथ / The Appellant 2. यथ / The Respondent. 3. संबं धत आयकर आय ु त / Concerned CIT 4. आयकर आय ु त(अपील) / The CIT(A)- 5. वभागीय त न ध, आयकर अपील!य अ धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड' फाईल / Guard file. आदेशान ु सार/ BY ORDER, उप/सहायक पंजीकार (Dy./Asstt. Registrar) आयकर अपील य अ धकरण, अहमदाबाद / ITAT, Ahmedabad 1. Date of dictation 04.05.2022(LTE FORMAT) 2. Date on which the typed draft is placed before the Dictating Member 04.05.2022 3. Other Member..................... 4. Date on which the approved drft comes to the Sr.P.S./P.S .05.2022 5. Date on which the fair order is placed before the Dictating Member for pronouncement .05.2022 6. Date on which the fair order comes back to the Sr.P.S./P.S 06.05.2022 7. Date on which the file goes to the Bench Clerk 06.05.2022 8. Date on which the file goes to the Head Clerk.......................................... 9. The date on which the file goes to the Assistant Registrar for signature on the order.......................... 10. Date of Dispatch of the Order..........................................