Assistant Commissioner of Income Tax, Circle-3, Guwahati V. Williamson Financial Services Limited, Kolkata

ITA 153/GTY/2019

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 2757 (ITAT-GUWAHATI)
• Duration Of Justice: 3 year(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-05-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2010-2011
• Appeal Filed On: 10-04-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

ITA No. 153/GAU/2019 Assessment Year: 2010-2011 Williamson Financial Services Limited, Guwahati 1 IN THE INCOME TAX APPE LLATE TRIBUNAL, KOLKATA-GUWAHATI ‘e-COU RT’, KO LKATA [Virtual Court Hea ring] Before Sh ri Ra jpal Yadav, Vice- Presid ent & Shri Rajesh Kumar, Accou ntant M ember I.T .A. No . 1 53 / GAU / 20 1 9 Asses smen t Year: 2 01 0- 20 1 1 Assistant Commissioner of Income Tax,.................................. Appellant Circle-3. Guwahati, Aayakar Bhawan, 7 th Floor, Christianbasti, G.S. Road, Guwahati-781005 -Vs.- Williamson Financial Services Limited,................................. Respondent House No. 147, 5 th Bye Lane, R.G. Baruah Road, Ganeshguri-781005. Assam [PAN: AAACW4504A] Appeara nces by: Shri Narendra Singh Saini, Advocate, appeared on behalf of the assessee Shri N.T. Sherpa, JCIT, appeared on behalf of the Revenue Date of concluding the hearing : May 09, 2022 Date of pronouncing the order : May 09, 2022 O R D E R Per Ra jpal Yadav, Vice- President (KZ ) :- This appeal filed by the Revenue is directed against the order of ld. Commissioner of Income Tax (Appeals), Guwahati-2, Guwahati dated 31.01.2019. 2. At the time of hearing before the Tribunal, the ld. Counsel for the assessee has contended that the tax effect involved in this appeal of the Revenue is less than the monetary limit of Rs.50,00,000/- fixed by the C.B.D.T. for filing the appeal by the Revenue before the Tribunal and this ITA No. 153/GAU/2019 Assessment Year: 2010-2011 Williamson Financial Services Limited, Guwahati 2 position is not disputed even by the ld. D.R. In the Circular No. 17/2019 dated 8 th August, 2019 issued by the C.B.D.T., the monetary limit for filing the appeal by Revenue before the Tribunal is revised to Rs.50,00,000/-. As further clarified in the said Circular, the monetary limit so revised is applicable even to the pending appeals and the same are directed to be withdrawn or not pressed. We accordingly treat this appeal as withdrawn/not pressed on account of low tax effect in view of the CBDT Circular No.17/2019 dated 8 th August, 2019 and dismiss the same. 3. In th e result , the a ppeal f iled by the Revenu e is dismissed. Order pronounced in the open Court on May 09, 2022. Sd/- Sd/- (Ra jesh Ku mar) (Ra jpal Yadav) Accou ntant Member Vice- President) Kolkata, the 9 th day of May, 2022 Copies to : (1) Assistant Commissioner of Income Tax, Circle-3. Guwahati, Aayakar Bhawan, 7 th Floor, Christianbasti, G.S. Road, Guwahati-781005 (2) Williamson Financial Services Limited, House No. 147, 5 th Bye Lane, R.G. Baruah Road, Ganeshguri-781005. Assam (3) Commissioner of Income Tax (Appeals). Guwahati-2, Guwahati (4) Commissioner of Income Tax- , (5) The Departmental Representative (6) Guard File TRUE COPY By order Assistant Registrar, Income Tax Appellate Tribunal, Kolkata Benches, Kolkata Laha/Sr. P.S.