ACIT, CIR-34, KOLKATA, Kolkata V. M/s Hindustan Windows Mfg. Co., Kolkata

ITA 1290/KOL/2016

• Counselvise Citation: [2016] 131 COUNSELVISE.COM (IT) 4332 (ITAT-KOLKATA)
• Duration Of Justice: 4 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-10-2016
• Appeal Filed By: Department
• Bench Allotted: SMC
• Assessment Year: 2008-2009
• Appeal Filed On: 08-06-2016
• Court: TRIBUNAL
• Department Lawyers: S DUTTA
• Assessee Lawyers: SURENDRA JOSHI
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL D, BENC H KOLKATA BEFORE SHRI S.S.VISWANETHRA RAVI, JM & DR. A.L.SAI NI, AM ./ ITA NO.1290/KOL/2016 ( / ASSESSMENT YEAR:2008-2009) ACIT, CIRCLE-34, AAYAKAR POORVA, 7 TH FLOOR, 110, SHANTIPALLY, KOLKATA- 107 VS. M/S HINDUSTAN WINDOWS MFG. CO ROOM NO.1, 3 RD FLOOR, 11, CLIVE ROW, KOLKATA-1 ./ ./PAN/GIR NO. : AABFH 6473 K ( /APPELLANT ) .. ( / RESPONDENT ) /REVENUE BY : SHRI S.DUTTA, JCIT /ASSESSEE BY : SHRI SURENDRA JOSHI, FCA / DATE OF HEARING : 25/10/2016 /DATE OF PRONOUNCEMENT 26/10/2016 / O R D E R PER DR. ARJUN LAL SAINI, AM: THE CAPTIONED APPEAL FILED BY THE REVENUE, PERTAINI NG TO THE ASSESSMENT YEAR 2008-2009, IS DIRECTED AGAINST AN O RDER PASSED BY LD. COMMISSIONER OF INCOME TAX (APPEALS)-10, KOLKATA IN APPEAL NO.272/CIT(A)-10/CIR-34/2014-15/KOL, DATED 15.03.20 16, WHICH IN TURN ARISES OUT OF AN ORDER PASSED BY THE ASSESSING OFFI CER (AO) UNDER SECTION.147/143(3) OF THE INCOME TAX ACT 1961, (IN SHORT THE ACT), DATED 11.12.2013. 2. AT THE OUTSET, WE HAVE NOTICED THAT THE TAX EFFE CT IN THE APPEAL OF THE REVENUE IS BELOW RS.10 LAKHS, THEREFORE, THE SA ME IS NOT MAINTAINABLE AS PER THE CBDT CIRCULAR NO.21/2015, DATED 10 TH DECEMBER, 2015. WE FOUND THAT AS PER THE RECENT CIRCULAR NO.21/2015, D ATED 10 TH DECEMBER, 2015, ISSUED BY THE CBDT, THE MONETARY LIMIT HAS BE EN REVISED FOR FILING OF APPEAL BEFORE ITAT BY THE REVENUE FIXING THE TAX EFFECT LIMIT OF RS.10 ITA NO.1290/16 M/S HINDUSTAN WINDOWS MFG.CO. 2 LAKHS. IN THE INSTANT CASE, THE TAX EFFECT IS BELOW RS.10 LAKHS, THEREFORE THE SAME IS NOT MAINTAINABLE AND LIABLE TO BE DISMI SSED IN LIMINE. THIS CIRCULAR IS RETROSPECTIVE AND APPLICABLE TO THE PEN DING APPEALS ALSO. 3. CONSIDERING THE ABOVE CBDT CIRCULAR, WE FOUND TH AT THIS APPEAL OF THE REVENUE IS NOT MAINTAINABLE AS THE TAX EFFECT I N THIS APPEAL IS BELOW RS.10 LAKHS. ACCORDINGLY, WE DISMISS THE APPEAL OF THE REVENUE. 4. IN THE RESULT, APPEAL FILED BY THE REVENUE IS DI SMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 26 /10/2016. SD/ - (S.S.VISWANETHRA RAVI) SD/ - (DR. A.L.SAINI) / JUDICIAL MEMBER / ACCOUNTANT MEMBER /KOLKATA ; $% DATED 26/10/2016 & ()* /PRAKASH MISHRA , . / PS / COPY OF THE ORDER FORWARDED TO : / BY ORDER, / ( ASSTT. REGISTRAR) & ' , / ITAT, 1. / THE APPELLANT-ACIT, CIRCLE-34, KOLKATA-107 2. / THE RESPONDENT.-M/S HINDUSTAN WINDOWS MFG.CO. 3. 4 ( ) / THE CIT(A), KOLKATA. 4. 4 / CIT 5. 56 7 8 , 8 , / DR, ITAT, KOLKATA 6. 7 9 / GUARD FILE. 5 //TRUE COPY//