ITO, Ward - 6(2), Kolkata , Kolkata V. Gajanand Goods Pvt. Ltd., , Kolkata

ITA 142/KOL/2018

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 5195 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 6 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-08-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2007-2008
• Appeal Filed On: 01-02-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SANKAR HALDER
• Keywords: Tax effect
• Section: 143(3); 147

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C, BENC H KOLKATA BEFORE SHRI S.S.GODARA, JM &DR. A.L.SAINI, AM ./ITA NO.142/KOL/2018 ( / ASSESSMENT YEAR:2007-08) ITO, WARD-6(2), KOLKATA VS. GAJANAND GOODS PVT. LTD. 32, EZRA STREET, SOUTH BLOCK, R. NO. 613, KOLKATA-700001. ./ ./PAN/GIR NO.: AACCG 3746 J (ASSESSEE) .. (REVENUE) ASSESSEE BY : SHRI SANKAR HALDER, JCIT, SR. DR RESPONDENT BY : NONE / DATE OF HEARING : 20/08/2019 /DATE OF PRONOUNCEMENT : 23/08/2019 / O R D E R PER DR. A. L. SAINI: THE CAPTIONED APPEAL FILED BY THE REVENUE , PERTAI NING TO ASSESSMENT YEAR 2007-08, IS DIRECTED AGAINST THE ORDER PASSED BY TH E COMMISSIONER OF INCOME TAX (APPEAL)-8, KOLKATA, WHICH IN TURN ARISES OUT OF AN ASSESSMENT ORDER PASSED BY THE ASSESSING OFFICER U/S 147 / 143(3) OF THE INCOME TA X ACT, 1961 (IN SHORT THE ACT) DATED 29/12/2010. 2. IN THE ABOVE APPEAL, THE UNDISPUTED FACT IS THAT THE TAX EFFECT IS BELOW THE MONETARY LIMIT OF RS.50,00,000/- FIXED BY THE CBDT VIDE CIRCULAR NO.17/2019, F. NO. 279/MISC. 142/2007-ITJ(PT.), DT. 8 TH AUGUST, 2019. THEREFORE, THE APPEAL OF THE REVENUE IS DISMISSED IN LIMINE IN TERMS OF THE CIRC ULAR ISSUED BY THE CBDT MENTIONED HEREINABOVE. GAJANAND GOODS PVT. LTD. ITA NO.142/KOL/2018 ASSESSMENT YEAR:2007-08 PAGE | 2 6. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. ORDER PRONOUNCED IN THE COURT ON 23.08.2019 SD/- ( S.S.GODARA ) SD/- (A.L.SAINI) / JUDICIAL MEMBER / ACCOUNTANT MEMBER / DATE: 23/08/2019 ( SB, SR.PS ) COPY OF THE ORDER FORWARDED TO: 1. ITO, WARD-6(2), KOLKATA 2. GAJANAND GOODS PVT. LTD. 3. C.I.T(A)- 4. C.I.T.- KOLKATA. 5. CIT(DR), KOLKATA BENCHES, KOLKATA. 6. GUARD FILE. TRUE COPY BY ORDER ASSIST ANT REGISTRAR ITAT, KOLKA TA BENCHES