DY.C.I.T. 1(1), BHILAI(CG) V. M/S KULKARNI & SAHU ASSOCIATES, BHILAI(CG)

ITA 125/BIL/2015

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 5484 (ITAT-RAIPUR)
• Duration Of Justice: 3 year(s) 8 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-05-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2011-2012
• Appeal Filed On: 24-08-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: R NAMDEV
• Assessee Lawyers: D K DUTTA ITR
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL RAIPUR BENCH, RAIPUR BEFORE SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER AND DR. MITHA LAL MEENA, ACCOUNTANT MEMBER ITA NO.125/RPR/2015 ASSESSMENT YEAR : 2011-12 DCIT 1(1), BHILAI (CG) VS. KULKARNI & SAHU ASSOCIATES, B-494, CS-25, SMRITI NAGAR, BHILAI (CG) PAN : AAEFK9416C (APPELLANT) (RESPONDENT) DEPARTMENT BY : SHRI R. NAMDEV, JCIT ASSESSEE BY : SHRI D. K. DUTTA, ITR DATE OF HEARING : 15-05-2019 DATE OF PRONOUNCEMENT : 15-05-2019 O R D E R PER DR. MITHA LAL MEENA, AM : THIS APPEAL IS FILED BY THE REVENUE AGAINST THE ORDER OF THE CIT(A)-II, RAIPUR (CG) DATED 24.03.2015 RELATING TO ASSESSMENT YEAR 2011-12. 2. THE LD. DR FOR THE REVENUE, AT THE OUTSET, SUBMITTED THAT THE TAX EFFECT INVOLVED IN THE GROUNDS RAISED BY THE REVENUE IS ADMITTEDLY BELOW RS.20 LAKHS, VIDE APPLICATION DATED 14.05.2019 BEFORE THE BENCH STATING THEREIN AS FOLLOWS :- 2 ITA NO.125/RPR/2015 THIS IS TO SUBMIT THAT IN THE ABOVE STATED APPEAL THE TAX EFFECT IS BELOW RS.20 LAKHS AND HENCE THE GROUND IS NOT BEING PRESSED AND APPEAL IS BEING WITHDRAWN BY THE INCOME TAX DEPARTMENT. 3. IN VIEW OF THE LATEST CBDT CIRCULAR NO.03/2018 [F.NO.279/MISC.142/2007-ITJ (PT)] DATED 11 TH JULY, 2018 RAISING THE MONETARY LIMITS TO RS.20 LACS FOR FILING OF THE APPEALS BEFORE THE TRIBUNAL WHICH IS APPLICABLE EVEN TO PENDING APPEALS, THE APPEAL FILED BY THE REVENUE IS DISMISSED, AS WITHDRAWN. 4. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 15 TH MAY, 2019. SD/- SD /- (PARTHA SARATHI CHAUDHURY) (DR. MITHA LAL MEENA) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 15-05-2019. SUJEET COPY OF ORDER TO: - 1) THE APPELLANT 2) THE RESPONDENT 3) THE CIT 4) THE CIT(A) 5) THE DR, I.T.A.T., RAIPUR. BY ORDER //TRUE COPY// SR. PRIVATE SECRETARY ITAT, RAIPUR