DCIT, Circle - 1(1), Kolkata, Kolkata V. M/s. Cheviot Company Limited, Kolkata

ITA 1501/KOL/2017

• Counselvise Citation: [2018] 118 COUNSELVISE.COM (IT) 8164 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 6 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-12-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2012-2013
• Appeal Filed On: 22-06-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: PRADIP MAJUMDAR CITSRDR
• Assessee Lawyers: MANISH TIWARI
• Keywords: Tax effect
• Section: 143(3)

Judgement Text

, A , IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH A KOLKATA BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND SHRI, M. BALAGANESH, ACCOUNTANT MEMBER ITA NO. 1 501 / KOL / 20 17 ASSESSMENT YEAR:2012-13 DCIT, CIRCLE-1(1) AAYAKAR BHAVAN, P-7, CHOWRINGHEE SQUARE, R.NO. 20 7 TH FLOOR, KOLKATA-69 V/S . M/S CHEVOIT CO. LTD., 9 TH FLOOR, MAGMA HOUSE, 24, PARK STREET, KOLKATA-16 [ PAN NO.AABCC 2308 H ] /APPELLANT .. / RESPONDENT /BY APPELLANT SHRI PRADIP MAJUMDAR, ADDL. CIT-SR-DR /BY RESPONDENT SHRI MANISH TIWARI, FCA /DATE OF HEARING 26-12-2018 /DATE OF PRONOUNCEMENT 2812-2018 / O R D E R PER S.S.GODARA, JUDICIAL MEMBER:- THIS REVENUES APPEAL FOR ASSESSMENT YEAR 2012-14 A RISES AGAINST THE COMMISSIONER OF INCOME TAX (APPEALS)-12 KOLKATAS O RDER DATED 22.03.2017, PASSED IN CASE NO.10178/CIT(A)-1/KOL./CIRCLE-1(1)/2 015-16, INVOLVING PROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. LEARNED AUTHORIZED REPRESENTATIVE AT THE OUTSET FILES BEFORE US A COMPUTATION CHART INDICATING THE NET TAX EFFECT INV OLVED IN THE INSTANT REVENUES APPEAL TO BE 12,01,409/- I.E. LESS AT THE MINIMUM THRESHOLD LIMI T OF 20 LAKH PRESCRIBED IN THE THRESHOLD LIMIT IN CBDT S LATEST CIRCULAR NO. 3/2018 DATED 11.07.2018. THE SAID CIRCULAR NO. 3/20 18 DATED 11.07.2018 ITA NO.1501/KOL/2017 A.Y . 2012-13 DCIT, CIR-1(1) KOL. VS. M/S CHEVOIT CO. L TD. PAGE 2 HAS ADMITTEDLY BEEN MADE APPLICABLE IN ALL PENDING CASE INSTITUTED AT REVENUES BEHEST. WE THUS HOLD THAT THIS REVENUES APPEAL ITA NO.1501/KOL/2017 IS NOT MAINTAINABLE FOR HAVING INV OLVED LESS THAN THE ABOVE PRESCRIBED TAX EFFECT OF 20 LAC. 3. THIS REVENUES APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT _28/12/2018 SD/- SD/- $) (' $) (M.BALAGANESH) (S.S.GODARA) (ACCOUNTANT MEMBER) (JUDICIAL MEMBER) KOLKATA, *DKP, SR.P.S (- 28 / 12 /201 8 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-DCIT, CIR-1(1), AAYAKAR BHAWAN, P-7, CHO WRNGHEE SQUARE, R.NO. 20, 7 TH FLOOR, KOLKATA-69 2. /RESPONDENT-M/S CHEVOIT CO. LTD., 9 TH FL, MAGMA HOUSE, 24, PARK STREET, KOL-16 3. 3 4 / CONCERNED CIT KOLKATA 4. 4- / CIT (A) KOLKATA 5. 7 ''3, 3, / DR, ITAT, KOLKATA 6. < / GUARD FILE. BY ORDER/ , /TRUE COPY/ / 3,