The ACIT,B.K.Circle, Palanpur V. The Banas Bank Staff Credit Co.Op.Society Ltd., Palanpur

ITA 1376/AHD/2014

• Counselvise Citation: [2016] 131 COUNSELVISE.COM (IT) 9690 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 7 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-12-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 22-12-2016
• Assessment Year: 2010-2011
• Appeal Filed On: 07-05-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD C BENCH (BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER & SHRI MAHAVIR PRASAD, JUDICIAL MEMBER) ITA. NO: 1376/AHD/2014 (ASSESSMENT YEAR: 2010-11) ASSTT. CIT, B.K. CIRCLE, PALANPUR V/S THE BANAS BANK STAFF CREDIT CO-OPEATIVE SOCIETY LTD., HIMAT VIHAR COMPLEX CITY LIGHT ROAD, AT- PALANPUR-385001 ETAL. PALANPUR DIST- BANASKANTHA (N. GUJ) (APPELLANT) (RESPONDENT) PAN: AAAAT4777G APPELLANT BY : SHRI PRASOON KABRA, SR. D. R. RESPONDENT BY : NONE ( )/ ORDER DATE OF HEARING : 22 -12-201 6 DATE OF PRONOUNCEMENT : 23-12-2016 PER N.K. BILLAIYA, ACCOUNTANT MEMBER: 1. THIS APPEAL BY THE REVENUE IS PREFERRED AGAINST THE ORDER OF THE LD. CIT(A)- XX, AHMEDABAD DATED 20.02.2014 PERTAINING TO A.Y. 2 010-11. ITA NO. 1376 /AHD/2014 . A.Y. 2010-1 1 2 2. THE ONLY GRIEVANCE OF THE REVENUE IS THAT THE LD. C IT(A) ERRED IN DELETING THE ADDITION OF RS. 17,70,380/- MADE ON ACCOUNT OF DISA LLOWANCES OF CLAIM OF DEDUCTION U/S. 80P(2)(A)(I) OF THE ACT. 3. THIS APPEAL BY THE REVENUE HAS TO BE DISMISSED IN T HE LIGHT OF THE CBDT CIRCULAR NO. 21 OF 2015 DATED 10.12.2015 BY WHICH T HE CBDT HAS FIXED THE MONETARY LIMIT FOR FILING APPEAL BEFORE THE APPELLA TE TRIBUNAL HAVING TAX EFFECT OF MORE THAN RS. 10 LACS. 4. IN THE LIGHT OF THE AFOREMENTIONED CBDT CIRCULAR, A PPEAL FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON 23 - 12- 2 016. SD/- SD/- (MAHAVIR PRASAD) (N. K. BILLAIYA) JUDICIAL MEMBER TRUE COPY ACCO UNTANT MEMBER AHMEDABAD: DATED 23 /12/2016 RAJESH COPY OF THE ORDER FORWARDED TO: - 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE CIT (APPEALS) 4. THE CIT CONCERNED. 5. THE DR., ITAT, AHMEDABAD. 6. GUARD FILE. BY ORDER DEPUTY/ASSTT.REGISTRAR ITAT,AHME DABAD