Deputy Commissioner of Income-tax, Circle - 1(1), Pune V. M/s. Brainbess Solutions Pvt.Ltd, Pune

ITA 1761/PUN/2018

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 9360 (ITAT-PUNE)
• Duration Of Justice: 3 year(s) 2 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-02-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2015-2016
• Appeal Filed On: 15-11-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

आयकर अपीलीय अिधकरण “बी” ᭠यायपीठ पुणे मᱶ । IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, PUNE (Through Virtual Court) BEFORE SHRI PARTHA SARATHI CHAUDHURY, JM AND SHRI RIPOTE DIPAK PANDURANG, AM आयकर अपील सं. / ITA No.1761/PUN/2018 िनधाᭅरण वषᭅ / Assessment Year : 2015-16 DCIT, Circle- 1(1), Pune. .......अपीलाथᱮ / Appellant बनाम / V/s. M/s. Brainbees Solutions Pvt. Ltd., B/402, Modi Baug, CTS 2254, G.K. Road, Shivajinagar, Pune-411005. PAN : AAECB1042N ......ᮧ᭜यथᱮ / Respondent Revenue by : Shri Piyush Kumar Singh Yadav Assessee by : Shri Rajat Soni सुनवाई कᳱ तारीख / Date of Hearing : 31.01.2022 घोषणा कᳱ तारीख / Date of Pronouncement : 02.02.2022 आदेश / ORDER PER PARTHA SARATHI CHAUDHURY, JM: This appeal preferred by the Revenue emanates from the order of the Ld. CIT(A)-1, Pune dated 03.08.2018 for the assessment year 2015-16 as per the grounds of appeal on record. 2. At the very outset, the Ld. DR of the Revenue submitted that the tax effect involved in this appeal is below Rs.50 lakhs and therefore, the appeal of Revenue is liable to be dismissed on account of low tax effect in terms of recent CBDT Circular No.17/2019 [F No.279/Mise.142/2007-ITJ (Pt)], dated 08.08.2019 read with Circular No.3 of 2018 dated 11.07.2018 revising the upward monetary limits for filing of appeals in Income Tax Cases before various Appellate Forums. The earlier CBDT Circular No.03/2019 dated 2 ITA No.1761/PUN/2018 11.07.2018 fixed monetary limit for filing of appeals before the Tribunal at Rs.20 Lakhs. Such limit has been enhanced in the recent CBDT Circular dated 08.08.2019 from Rs.20 lakhs to Rs. 50 Lakhs. Thus, the tax effect on the addition is less than Rs.50 Lakhs. 3. The Ld. AR fairly admitted that in this appeal filed by the Department tax effect is less than Rs.50 Lakhs. 4. Both sides heard. Undisputedly, the tax effect involved in this appeal is less than the monetary limit prescribed by the recent CBDT Circular No.17/2019 [F No.279/Mise.142/2007-ITJ (Pt)] dated 08-08-2019 read with Circular No.3 of 2018 dated 11.07.2018 for filing of appeals before the Tribunal by the Department. The CBDT vide circular dated 08.08.2019 (supra.) has amended Para 3 of Circular No.3 of 2018 dated 11.07.2018 thereby enhancing monetary limit of tax effect from Rs.20 Lakhs to Rs.50 Lakhs for filing appeals by the Department before the Tribunal. Thus, without going into merit of the issues raised in this appeal, in view of the CBDT Circular (supra), we dismiss the appeal filed by the Revenue. 5. Before parting, we clarify here that the Revenue shall be at liberty to approach the Tribunal for restoration of appeal, with the requisite material to show that the appeal is protected by the exceptions prescribed in Para 10 of the Circular dated 11-07-2018 and its amendment dated 20-08-2018. 6. In the result, the appeal of the Revenue is dismissed. Order pronounced on this 02 nd day of February, 2022. Sd/- Sd/- (RIPOTE DIPAK PANDURANG) (PARTHA SARATHI CHAUDHURY) लेखा सद᭭य/ACCOUNTANT MEMBER ᭠याियक सद᭭य/JUDICIAL MEMBER पुणे / Pune; ᳰदनांक / Dated : 02 nd February, 2022. Sujeet 3 ITA No.1761/PUN/2018 आदेश कᳱ ᮧितिलिप अᮕेिषत / Copy of the Order forwarded to : 1. अपीलाथᱮ / The Appellant. 2. ᮧ᭜यथᱮ / The Respondent. 3. The CIT(A)-1, Pune. 4. The Pr. CIT-1, Pune. 5. िवभागीय ᮧितिनिध, आयकर अपीलीय अिधकरण, “बी” बᱶच, पुणे / DR, ITAT, “B” Bench, Pune. 6. गाडᭅ फ़ाइल / Guard File. आदेशानुसार / BY ORDER, // True Copy // Senior Private Secretary आयकर अपीलीय अिधकरण, पुणे / ITAT, Pune.