Assistant Commissioner of Income-tax, Circle - 1, Kolhapur V. Bhogawati Sahakari Sakhar Karkhana Ltd, Kolhapur

ITA 1667/PUN/2018

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 0171 (ITAT-PUNE)
• Duration Of Justice: 3 year(s) 2 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-01-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2015-2016
• Appeal Filed On: 17-10-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect; Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH, ‘A’ PUNE - VIRTUAL COURT BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER आयकर अपील सं. / ITA No.1667/PUN/2018 नधा रण वष / Assessment Year : 2015-16 ACIT, Circle-1, Kolhapur Vs. Shri Bhogawati Sahakari Sakhar Karkhana Ltd., Shahu Nagar, Parite, Karveer, Kolhapur 416 211 PAN : AAAAS3731R Appellant Respondent आदेश / ORDER PER S.S. VISWANETHRA RAVI, JM : This appeal by the Revenue is directed against the order passed by the ld. CIT(A)-1, Kolhapur on 07-08-2018 in relation to the Assessment Year 2015-16. 2. Admittedly, the tax effect involved in this appeal is below monetary limit fixed by the CBDT Circular vide its latest Circular No. 17/2019, dated 08-08-2019. Thus, grounds raised by the Revenue fail and the appeal is not maintainable. Therefore, the Assessee by : None Revenue by : Shri S.P. Walimbe Date of hearing : 13-01-2022 Date of pronouncement : 13-01-2022 ITA No.1667/PUN/2018 Bhogawati SSK Ltd., 2 appeal of Revenue is dismissed as withdrawn in terms of CBDT Circular mentioned here-in-above. 3. However, it is made clear that if the tax effect in this particular appeal is found out to be more than the prescribed monetary limit of Rs.50.00 lakh or the case is covered by an exception, it will be open to the Revenue to move the Tribunal for taking necessary action. 4. In the result, the appeal of Revenue is dismissed. Order pronounced in the Open Court on 13 th January, 2022. Sd/- Sd/- (R.S.SYAL) (S.S. VISWANETHRA RAVI) VICE PRESIDENT JUDICIAL MEMBER पुणे Pune; िदनांक Dated : 13 th January, 2022 Satish आदेश की ितिलिप अ ेिषत/Copy of the Order is forwarded to: 1. अपीलाथ / The Appellant; 2. थ / The Respondent; 3. The CIT(A)-1, Kolhapur 4. 5. 6. The Pr.CIT-1, Kolhapur DR, ITAT, ‘A’ Bench, Pune गाड फाईल / Guard file. आदेशानुसार/ BY ORDER, // True Copy // Senior Private Secretary आयकर अपीलीय अिधकरण ,पुणे / ITAT, Pune ITA No.1667/PUN/2018 Bhogawati SSK Ltd., 3 Date 1. Draft dictated on 13-01-2022 Sr.PS 2. Draft placed before author 13-01-2022 Sr.PS 3. Draft proposed & placed before the second member AM 4. Draft discussed/approved by Second Member. AM 5. Approved Draft comes to the Sr.PS/PS Sr.PS 6. Kept for pronouncement on Sr.PS 7. Date of uploading order Sr.PS 8. File sent to the Bench Clerk Sr.PS 9. Date on which file goes to the Head Clerk 10. Date on which file goes to the A.R. 11. Date of dispatch of Order.