The DCIT, Circle-2(1)(1), Ahmedabad V. M/s. Flax Apparels Pvt. Ltd., Ahmedabad

ITA 1693/AHD/2019

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 2635 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 5 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-05-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 12-11-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect
• Section: 43

Judgement Text

आयकर अपील य अ धकरण, अहमदाबाद यायपीठ ‘B’ अहमदाबाद । IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, AHMEDABAD BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER & Ms. MADHUMITA ROY, JUDICIAL MEMBER आयकर अपील सं./I.T.A. No. 1693/Ahd/2019 ( नधा रण वष / Assessment Year: 2013-14) DC IT Cir cl e- 2( 1)( 1) , Ah me da bad बनाम/ V s . M/ s. Fl ax A pp ar el s Pv t. Lt d. 70, B al aj i Est at e, N r. Bu dh ala l Ta ma ku , B/ h- Hot el Mo ni , I sa np ur , Ah me dab ad - 38 24 43 थायीलेखासं. /जीआइआरसं. / P A N / G I R N o .: A A A C F 4 0 5 8 N (अपीलाथ /Appellant) . . ( यथ / Respondent) अपीलाथ ओर से/Appellant by : Shri Alok Kumar, CIT DR यथ क ओरसे / Respondent by: N o n e स ु नवाईक तार"ख/ D a t e o f H e a r i n g 10/05/2022 घोषणाक तार"ख /D a t e o f P r o n o u n c e m e n t 11/05/2022 आदेश/O R D E R PER BENCH: The appeal filed by the Revenue for A.Y. 2013-14, arise from order of the CIT(A)-2, Ahmedabad dated 14.08.2019, in proceedings under Section 143(3) r.w.s. 147 of the Income Tax Act, 1961; in short “the Act”. 2. The ground of appeal raised b y the Revenue reads as under:- “ 1 . T h e L d . C I T ( A ) h a s e r r e d i n l a w a n d o n f a c t s i n d e l e t i n g t h e d i s a l l o w a n c e o f R s . 1 1 , 6 8 , 8 4 7 / - w i t h o u t a p p r e c i a t i ng t h e p r o v i s i o n s o f s e c t i o n 4 3 B o f t h e I T A c t . 2 . T h e a p p e l l a n t c r a v e s l e a v e t o a m e n d a l t e r a n y g ro u n d o r a d d a n e w g r o u n d , w h i c h m a y b e n e c e s s a r y . ” 3. At the ti me of he aring, it was submitted b y the Ld.AR for the assessee that appeal filed b y the Re venue is hit b y re cently issued ITA No. 1693/AHD/2019 [DCIT vs. Flax Apparels Pvt. Ltd.] A.Y. 2013-14 2 CBDT Circular No.17 of 2019 dated 08/08/2019 revising the previous thresholds pertaining to tax effects. As per aforesaid Circular, all pending appeals filed by Revenue ar e liable to be dismissed as a me asure for r educing litigation where t he tax effect does not exceed the prescribed mon etar y li mit which is now revised at Rs.50 Lakhs. I n the instant case , the tax effect on the disputed issues raised by the Revenue is stated to be not exceeding Rs.50 lakhs and therefore appeal of th e Revenue is r e quired to be dismissed in limine. 4. The Learned DR for the Revenue fairl y ad mitted the applicability of t he CBDT Circula r No. 17 of 2019. Accordingly, appeal of the Rev enue is dis missed as not maintainable. However, it will be open to the Revenue to s eek restoration of its appeal on showing inapplicability of the af oresaid CBDT C ircular in an y manner. 5. In the result, the appeal of the Revenue is dismissed. Sd/- Sd/- (WASEEM AHMED) (MADHUMITA ROY) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad: Dated 11/05/2022 TANMAY, Sr. PS TRUE COPY आदेश क त ल प अ े षत / Copy of Order Forwarded to:- 1. राज व / Revenue 2. आवेदक / Assessee 3. संबं,धत आयकर आय ु -त / Concerned CIT 4.आयकर आय ु -त- अपील / CIT (A) 5. 1वभागीय त न,ध,आयकर अपील"य अ,धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड फाइल / Guard file. By order/आदेश से, उप/सहायक पंजीकार आयकर अपील"य अ,धकरण,अहमदाबाद । This Order pronounced in Open Court on 11/05/2022