The Income Tax Officer, Ward-1, Sirsi., Sirsi V. M/s Vyavasaya Seva Sahakari Sangh Niyamitha., Sirsi

ITA 128/PAN/2016

• Counselvise Citation: [2016] 131 COUNSELVISE.COM (IT) 1222 (ITAT-PANAJI)
• Duration Of Justice: 2 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-09-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2012-2013
• Appeal Filed On: 08-07-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RAVIRAJ Y V
• Keywords: Tax effect
• Section: 12; 11

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH, PANAJI BEFORE SHRI N.S. SAINI , HONBLE ACCOUNTANT MEMBER AND SHRI GEORGE MATHAN, HONBLE JUDICIAL MEMBER ITA NO S . 12 5 TO 128 /P A N/201 6 (ASST. YEAR S : 2010 - 11 & 20 1 2 - 1 3 ) ITO, WARD - 1, SIRSI VS. 1) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , KORALAKATTA , TQ : SIRSI. PAN NO. AAAAV 6288 V 2) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , BANAVASI , TQ : SIRSI. PAN NO. AAAVAV 0004 F 3) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , MALAGI , TQ : MUNDGOD . PAN NO. AAALV 0005 E 4) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , NANDIKATTA , TQ : MUNDGOD . PAN NO. AAAAV 2743 C (APPELLANT) (RESPONDENT S ) C.O.NOS. 109, 111 , 112 & 79 /PAN/2016 ( ITA NO S . 125 TO 128 /P A N/201 6 ) ( ASST. YEAR S : 2010 - 11 & 20 12 - 1 3 ) 1) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , KORALAKATTA , TQ : SIRSI. VS. ITO, WARD - 1, SIRSI . PAN NO. AAAAV 6288 V 2) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , BANAVASI , TQ : SIRSI. PAN NO. AAAVAV 0004 F 2 ITA NOS. 125 - 128 /PAN/2016 & C.O.NOS. 109, 111, 112 & 79 /PAN/2016 3) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , MALAGI , TQ : MUNDGOD . PAN NO. AAALV 0005 E 4) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , NANDIKATTA , TQ : MUNDGOD . PAN NO. AAAAV 2743 C (APPELLANT S ) (RESPONDENT) ASSESSEE BY : NONE. DEPARTMENT BY : SHRI RAVIRAJ Y.V. - DR DATE OF HEARING : 22 / 0 9 /201 6 . DATE OF PRONOUNCEMENT : 22 / 0 9 /201 6 . O R D E R PER GEORGE MATHAN, JUDICIAL MEMBER THESE ARE ALL APPEALS FILED BY THE REVENUE AGAINST THE SEPARATE ORDERS OF THE COMMISSIONER OF INCOME TAX (APPEALS) , HUBLI IN APPEAL NO S . 57/CIT(A)/HBL/2013 - 14, DATED 22/0 2 /2016 ; 511/CIT(A)/HBL /2014 - 15, DATED 29 /02 /2016 ; 516/CIT(A)/HBL/2014 - 15, DATED 29/02/2016 & 503/CIT(A)/HBL/2014 - 15, DATED 29/02/2016 AND THE CROSS O BJECTION S FILED BY THE ASSESSEE IN THE REVENUES APPEALS. 2. SHRI RAVIRAJ Y.V., STA N DING COUNSEL REPRESENTED ON BEHALF OF THE REVENUE AND NONE REPRESENTED ON BEHALF OF THE ASSESSEE. IN ITA NO.126/PAN/2016, THE ASSESSEE FILED ADJOURNMENT APPLICATION DATED 26/08/2016. SINCE , INSUFFICIENT CAUSE HAS BEEN MENTIONED FOR ADJO URNING THE CASE , THE SAME IS DISMISSED. 3 ITA NOS. 125 - 128 /PAN/2016 & C.O.NOS. 109, 111, 112 & 79 /PAN/2016 3 . AT THE TIME OF HEARING, IT WAS FAIRLY AGREED BY THE DEPARTMENTAL REPRESENTATIVE THAT THE TAX EFFECT IN ALL THE REVENUES APPEALS ARE BELOW THE PRESCRIBED TAX LIMIT . 4 . WE HAVE CONSIDERED THE SUBMISSIONS AND THE FACTS IN EACH OF THE CASE. AS IT IS NOTICED THAT ALL THE REVENUES APPEALS HEREIN ARE BELOW THE PRESCRIBED TAX LIMIT FOR THE PURPOSE OF FILING OF APPEAL S BEFORE THE TRIBUNAL I N VIEW OF THE CBDT CIRCULAR NO. 21/20 15 , DATED 10/12/2015 AND IN VIEW OF THE PROVISIONS OF SECTION 268A OF THE INCOME TAX ACT, 1961, THE APPEALS FILED BY THE REVENUE STAND DISMISSED . 5 . THE CROSS OBJECTION S FILED BY THE ASSESSEE ARE IN SUPPORT OF THE ORDERS OF THE COMMISSIONER OF INCOME TAX (APPEALS) . AS WE HAVE ALREADY DISMISSED THE REVENUES APPEALS ON ACCOUNT OF TAX EFFECT, THE CROSS OBJECTIONS ARE NO MORE SURVIVE AND THEY ARE ALSO DISMISSED AS INFRUCTUOUS. 6 . IN THE RESULT, APPEALS FILED BY THE REVENUE STAND DISMISSED AND THE CROSS OBJE CTION S FILED BY THE ASSESSEE STAND DISMISSED AS INFRUCTUOUS. ORDER PRONOUNCED IN THE COURT AT THE CLOSE OF THE HEARING ON THURSDAY , THE 22 ND DAY OF SEPTEMBER , 201 6 AT GOA . S D / - S D / - (N.S.SAINI) (GEORGE MATHAN) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED : 22 ND SEPTEMBER, 201 6 . VR/ - 4 ITA NOS. 125 - 128 /PAN/2016 & C.O.NOS. 109, 111, 112 & 79 /PAN/2016 COPY TO: 1 . THE ASSESSEE. A ) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , KORALAKATTA , TQ : SIRSI. B ) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , BANAVASI , TQ : SIRSI. C ) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , MALAGI , TQ : MUNDGOD . D ) M/S. THE VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA , NANDIKATTA , TQ : MUNDGOD . 2 . THE REVENUE. ITO, WARD - 1, SIRSI 3 . THE PR. CIT, HUBLI. 4 . THE CIT(A) , HUBLI . 5 . THE D.R . 6 . GUARD FILE. BY ORDER ASSISTANT REGISTRAR I.T.A.T., PANAJI.