DCIT, Circle - 2, Siliguri, Siliguri V. M/s. Santalall & Brothers, Siliguri

ITA 1477/KOL/2017

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 3661 (ITAT-KOLKATA)
• Duration Of Justice: 2 year(s) 2 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-08-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 20-08-2019
• Assessment Year: 2014-2015
• Appeal Filed On: 20-06-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: AMITAVA BHATTACHARYA
• Assessee Lawyers: HARSHVARDHAN
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: KOLKATA BEFORE: SHRI J. SUDHAKAR REDDY, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER I.T.A NO.1477/KOL/2017 (ASSESSMENT YEAR: 2014-15) DCIT, CIRCLE-2, SILIGURI APPELLANT VS M/S SANTALALL & BROTHERS RESPONDENT [PAN:AAMFS0083P] FOR THE APPELLANT : SHRI AMITAVA BHATTACHARYA, ADDL. CIT FOR THE RESPONDENT : SHRI HARSH VARDHAN, FCA DATE OF HEARING : 20.08.2019 DATE OF PRONOUNCEMENT : 28.08.2019 ORDER PER S.S. VISWANETHRA RAVI, JM 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. APPLYING THE PROPOSITION OF LAW LAID DOWN BY THE AHMEDABAD A BENCH OF ITAT IN THE CASE OF ITO, WARD-3(2), AHMEDABAD VS. DINESH MADHAVLAL PATEL & ORS IN ITA NO.1398/AHD/2004 ORDER DATED 14.08.2019, THIS APPEAL IS DISMISSED AS WITHDRAWN IN TERMS OF THE CIRCULAR ISSUED BY THE CBDT MENTIONED HEREINABOVE. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 28.08.2019. SD/- SD/- [J. SUDHAKAR REDDY] [S.S. VISWANETHRA RAVI] ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 28/08/2019 RS, SR.PS 2 I.T.A NO.1477/KOL/2017 M/S SANTALALL & BROTHERS COPY OF ORDER FORWARDED TO: 1. DCIT, CIRCLE-2, SILIGURI 2. M/S SANTALALL & BROTHERS, 2 ND FLOOR, RADHA APARTMENTS, ISCON MANDIR ROAD, P.O. SILIGURI SILIGURI-734001. 3. THE CIT(A) 4. THE CIT 5. DR TRUE COPY, BY ORDER, ASSISTANT REGISTRAR ITAT, KOLKATA