The ACIT, Circle-1(1)(1), Vadodara V. Gulbrandsen Technologies (India) Pvt. Ltd., Vadodara

ITA 1480/AHD/2017

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 6255 (ITAT-AHMEDABAD)
• Duration Of Justice: 4 year(s) 9 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-03-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2009-2010
• Appeal Filed On: 15-06-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: MANEESH AGARWAL

Judgement Text

, ‘D’ । IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD (Convened through Virtual Court) BEFORE SHRI MAHAVIR PRASAD, JUDICIAL MEMEBR & SHRI WASEEM AHMED, ACCOUNTANT MEMEBR आयकर अपील सं./I.T.A. No. 1480/Ahd/2017 ( Assess ment Ye ar : 2009-10) Th e As st. C I T Cir cl e – 1(1 )( 1) , V ado da ra 1 s t F lo or , Aa yk a r B hav an , Rac e Co ur se C ir cle , Va do dar a - 39 00 07 / V s . Gu lb ra nd se n Tec h no lo gie s( In di a) Pv t. Lt d. 40 5, S yn e rg y S q ua r e, Kri sh na I nd us tri al Est at e, Gor va , Va do da ra - 39 00 16 यी ल सं./ ीआ आर सं./P A N / G IR N o . : A A BC G 9 0 0 6 E (अपील Appellant) . . ( य / Respondent) अपील र स /Appellant by : Sh ri Pu ru sh ot ta m K u mar, Sr. D R य क र स / Respondent by : Shri Maneesh Agarwal, A.R. स क र D a t e o f H e a r i n g 10/03/2022 !"# क र /D a t e o f P r o n o u n c e m e n t 23/03/2022 ORDER PER MAHAVIR PRASAD, JM: The captioned ap peal has been filed at th e instan ce of the Rev enue ag ainst the ord er of the Co mmissioner of Inco me Tax (Appeals)-1 , Vadodara (‘ CIT( A)’ in short), ITA No. 1480/Ahd/2017 [ACIT vs. Gulbrandsen Technologies (India) Pvt. Ltd.) AY 2009-10 - 2 - dated 31.03.201 7 arising in th e ass ess ment or der d ated 30.04.2013 passed by th e Ass essing Officer ( AO) under s. 143(3) r.w.s . 14 4C(3) of th e In co me Tax Act, 1961 (the Act) concerning AY. 2009-10. 2. At the time of hearing, it was submitted b y the Ld.A R for the ass ess ee that th e app eal f iled b y the Rev enue is hit by recently issu ed CBDT Cir cu lar No.17 of 2019 dated 08/08/2019 revising the pr evious thresholds pertaining to tax eff ects. It is inter alia noticed th at th e CBDT vid e Instruction No. F. No . 279/Misc/M-93/2018-ITJ dt. 20/08/2019 has observed that Circular No.17/20 19 dated 08/08/2019 relating to enhan cement of mon etary limits is also applicable to all p ending appeals . As per aforesaid Cir cular r ead with instruction, all pending app eals filed b y Revenu e ar e liable to be dismissed as a measure for reducing litig atio n where th e tax eff ect do es not exceed the prescrib ed monetar y limit which is now r evised at Rs.50 Lakhs. In the instant cas e, th e tax eff ect on the disputed issues rais ed by the Revenu e is stated to be not exceeding Rs.50 lakhs and ther efore appeal of the Rev enue is required to be dis miss ed in limin e. 3. The Learned DR for the Rev enue f airly ad mitted the applicability of the CBDT Circular No . 17 of 2019. Accordingly, ap peal of th e Rev enue is dis miss ed as not maintain able. Howev er, it will be open to the Revenue to ITA No. 1480/Ahd/2017 [ACIT vs. Gulbrandsen Technologies (India) Pvt. Ltd.) AY 2009-10 - 3 - seek restor ation of its appeal on showing inapplicability of the afor es aid CBDT Circular in any mann er . 4. In the result, the appeal of th e Rev enue is dis miss ed . Sd/- Sd/- ( WAS EEM AHMED) (MAHAVIR PRASAD) ACC OUNTANT MEMB ER JUDICIAL MEMBER Ahmedabad: Dated 23/03/2022 True Copy S.K.SINHA ेश ! " #े" / Copy of Order Forwarded to:- $. र / Revenue 2. आ दक / Assessee '. सं(ं)* आयकर आय + / Concerned CIT 4. आयकर आय + - अपील / CIT (A) .. / 0 1ीय 2 2 )*3 आयकर अपील य अ)*कर#3 अ45द ( द / DR, ITAT, Ahmedabad 6. 1 78 9 ल / Guard file. By order/आद श स 3 उप/स4 यक पं ीक र आयकर अपील य अ)*कर#3 अ45द ( द । This Order pronounced in Open Court on 23/03/2022