ACIT, Circle - 40, Kolkata, Kolkata V. Suhasini Lohia, Kolkata

ITA 1491/KOL/2017

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 5971 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 1 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-07-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 22-06-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: S DASGUPTA
• Assessee Lawyers: S M SURANA
• Keywords: Tax effect
• Section: 80IB

Judgement Text

, B , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH B KOLKATA BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND SHRI, M. BALAGANESH, ACCOUNTANT MEMBER ITA NO. 1491 / KOL / 20 17 & C.O. NO.83/KOL/2017 (A/O ITA NO.1491/KOL/2017) ASSESSMENT YEAR :2013-14 ACIT, CIRCLE-40, 2 ND FLOOR, 3 GOVT. PLACE (W), KOLKTA-700 001 V/S . SUHASINI LOHIA 112, C.R. AVENUE, KOLKATA-73 [ PAN NO.AAZPL 8218 L ] /APPELLANT .. / RESPONDENT/ / CO-OBJECTOR /BY ASSESSEE SHRI S.M. SURANA, ADVOCATE /BY RESPONDENT SHRI S DASGUPTA, ADDL. CIT-DR /DATE OF HEARING 26-07-2018 /DATE OF PRONOUNCEMENT 31-07-2018 / O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS REVENUES APPEAL AND ASSESSEES CROSS OBJECTIO N (CO) FOR ASSESSMENT YEAR 2013-14 ARISE FROM COMMISSIONER OF INCOME TAX (APPEALS)- 12, KOLKATAS ORDER DATED 07.03.2017 PASSED IN CASE NO.185/CIT(A)- 12/KOL//CIRCLE-40/2015-16, REVERSING ASSESSING OFFI CERS ACTION DISALLOWING SECTION 80IB DEDUCTION CLAIM OF 61,46,669/-, IN PROCEEDINGS U/S143(3) OF THE INCOME TAX ACT, 1961. 2. LEARNED AUTHORISED REPRESENTATIVE AT THE OUTSET FILES BEFORE US A COMPUTATION CHART INDICATING THE NET TAX EFFECT INV OLVED IN THE INSTANT REVENUES APPEAL TO BE 19,16,784/- I.E LESS THE MINIMUM THRESHOLD LIMIT OF 20 LAKH PRESCRIBED IN THE CBDTS LATEST CIRCULAR N O.3/2018 DATED ITA NO.1491/KOL/2017 & CO 83/KOL/2017 A.Y . 2013-14 ACIT CIR-40 KOL. VS. SUHASINI LOHIA PAGE 2 11.07.2018 MADE APPLICABLE IN ALL PENDING LIS INSTITUTED AT ITS BEHEST. WE THUS HOLD THAT THIS REVENUES APPEAL ITA NO.1491/KOL/201 7 IS NOT MAINTAINABLE FOR HAVING INVOLVED LESS THAN THE ABOVE PRESCRIBED TAX LIMIT. 3. LEARNED AUTHORIZED REPRESENTATIVE THEREAFTER INF ORMS THE ASSESSEE TO BE NO MORE INTERESTED TO PRESS FOR ITS CO 83/KOL/20 17. THE SAME IS DISMISSED AS NOT PRESSED, 4. THIS REVENUES APPEAL ITA NO.1491/KOL/2017 IS DI SMISSED FOR INVOLVING LOWER THAN THE PRESCRIBED MINIMUM TAX EFFECT WHEREA S ASSESSEES CO 15/KOL/2015 IS DISMISSED AS RENDERED NOT PRESSED. ORDER PRONOUNCED IN THE OPEN COURT 31 /07/2018 SD/- SD/- ( ) () ) (M.BALAGANESH) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP, SR.P.S *- 31 / 07 /201 8 / COPY OF ORDER FORWARDED TO:- 1. /ASSESSEE-SUHASINI LOHIA, 112, C.R. AVENUE, KOLKATA -73 2. /REVENUE-ACIT, CIRCLE-40, 2 ND FL, 3 GOVT. PLACE (W), KOLKATA-001 3. 5 6 / CONCERNED CIT KOLKATA 4. 6- / CIT (A) KOLKATA 5. 9 ))5, 5, / DR, ITAT, KOLKATA 6. > / GUARD FILE. BY ORDER/ , /TRUE COPY/ SR. PRIVATE SECRETARY, HEAD OF OFFICE/DDO 5,