Asstt. Commr. of Income Tax, Gandhidam Circle, GANDHIDHAM V. M/s Soni Prabhudas Khetshi, Bhuj

ITA 188/RJT/2017

• Counselvise Citation: [2022] 107 COUNSELVISE.COM (IT) 0042 (ITAT-RAJKOT)
• Duration Of Justice: 5 year(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-06-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2012-2013
• Appeal Filed On: 31-05-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “RAJKOT” BENCH, RAJKOT [Conducted through E-Court at Ahmedabad] BEFORE SHRI MAHAVIR PRASAD, JUDICIAL MEMEBR & SHRI WASEEM AHMED, ACCOUNTANT MEMEBR आयकर अपील सं./I.T.A. No. 188/Rjt/2017 ( / Assess ment Ye ar : 2012-13) As sis ta nt C o mmi s s io ner o f In co me T ax Ga nd hid ha m Ci rc le , Ga nd hid ha m- Ku tc h ब म/ V s . M / s. So ni P ra b hu d as Kh et sh i Sw a min ara ya n Va ni ya co mpl ex , Ho sp it al Ro ad, Bh uj - Ku tc h यी ल सं./ ीआ आर सं./P A N / G IR N o . : A A C E P 4 3 6 1 M (अपील /Appellant) . . ( य / Respondent) अपील र स /Appellant by : Sh ri B. D . Gu pt a, S r.D R य क र स / Respondent by : Shri Kalpesh Doshi, A.R. स क र / D a t e o f H e a r i n g 02/06/2022 !"# क र /D a t e o f P r o n o u n c e m e n t 06/06/2022 ORDER PER MAHAVIR PRASAD, JM: The captioned ap peal has been filed at th e instan ce of the Rev enue ag ainst the ord er of the Co mmissioner of Inco me Tax ( Ap peals)-3, Rajkot (‘CIT( A)’ in short), dated ITA No. 188/Rjt/2017 [ACIT vs. M/s. Soni Prabhudas Khetshi.) AY 2012-13 - 2 - 03.03.2017 arising in the assess ment order dated 26.02.2015 passed by th e As sessing Officer ( AO) under s. 143(3) of the Inco me Tax Act, 1961 (the Act) co ncerning AY. 20 12-13. 2. At the time of hearing, it was submitted b y the Ld.A R for the ass ess ee that th e app eal f iled b y the Rev enue is hit by recently issu ed CBDT Cir cu lar No.17 of 2019 dated 08/08/2019 revising the pr evious thresholds pertaining to tax eff ects. It is inter alia noticed th at th e CBDT vid e Instruction No. F. No . 279/Misc/M-93/2018-ITJ dt. 20/08/2019 has observed that Circular No.17/20 19 dated 08/08/2019 relating to enhan cement of mon etary limits is also applicable to all p ending appeals . As per aforesaid Cir cular r ead with instruction, all pending app eals filed b y Revenu e ar e liable to be dismissed as a measure for reducing litig atio n where th e tax eff ect do es not exceed the prescrib ed monetar y limit which is now r evised at Rs.50 Lakhs. In the instant cas e, th e tax eff ect on the disputed issues rais ed by the Revenu e is stated to be not exceeding Rs.50 lakhs and ther efore appeal of the Rev enue is required to be dis miss ed in limin e. 3. The Learned DR for the Rev enue f airly ad mitted the applicability of the CBDT Circular No . 17 of 2019. Accordingly, ap peal of th e Rev enue is dis miss ed as not maintain able. Howev er, it will be open to the Revenue to ITA No. 188/Rjt/2017 [ACIT vs. M/s. Soni Prabhudas Khetshi.) AY 2012-13 - 3 - seek restor ation of its appeal on showing inapplicability of the afor es aid CBDT Circular in any mann er . 4. In the result, the appeal of th e Rev enue is dis miss ed . Sd/- Sd/- ( WAS EEM AHMED) (MAHAVIR PRASAD) ACC OUNTANT MEMB ER JUDICIAL MEMBER Ahmedabad: Dated 06/06/2022 True Copy S.K.SINHA आदेश े / Copy of Order Forwarded to:- $. र / Revenue 2. आ दक / Assessee '. सं(ं)* आयकर आय + / Concerned CIT 4. आयकर आय + - अपील / CIT (A) .. / 0 1ीय 2 2 )*3 आयकर अपील य अ)*कर#3 अहमद ( द / DR, ITAT, Ahmedabad 6. 1 78 9 ल / Guard file. By order/आद श स 3 D e p u t y / A s s t t . R e g i s t r a r I T A T , R a j k o t This Order pronounced in Open Court on 06/06/2022