Deputy Commissioner of Income Tax Circle-7(1)(1), Bangalore V. M/s Technoart Contructions Pvt ltd, Bangalore

ITA 190/BANG/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 5677 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 8 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-10-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 01-10-2020
• Assessment Year: 2010-2011
• Appeal Filed On: 01-02-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: R PREMI
• Assessee Lawyers: R RAMAMURTHY
• Keywords: Tax effect

Judgement Text

ITA NO.190/BANG/2019 & CO NO.20/BANG/2019 M/S. TECHNOART CONSTRUCTIONS PVT. LTD., BANGALORE IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH: BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND SHRI B.R. BASKARAN, ACCOUTANT MEMBER ITA NO.190/BANG/2019 ASSESSMENT YEAR: 2010-11 DEPUTY COMMISSIONER OF INCOME-TAX CIRCLE-7(1)(1) BANGALORE VS. M/S. TECHNOART CONSTRUCTIONS PVT. LTD. NO.19 & 19/1, 3 RD FLOOR SOUTH END ROAD BASAVANAGUDI BANGALORE-560 004 PAN NO : AAACT5910B APPELLANT RESPONDENT C.O.NO.20/BANG/2019 ASSESSMENT YEAR: 2010-11 M/S. TECHNOART CONSTRUCTIONS PVT. LTD. NO.19 & 19/1, 3 RD FLOOR SOUTH END ROAD BASAVANAGUDI BANGALORE-560 004 VS. DEPUTY COMMISSIONER OF INCOME-TAX CIRCLE-7(1)(1) BANGALORE APPELLANT RESPONDENT APPELLANT BY : SMT. R. PREMI, D.R. RESPONDENT BY : SHRI R. RAMAMURTHY, A.R. DATE OF HEARING : 01.10.2020 DATE OF PRONOUNCEMENT : 01.10.2020 ITA NO.190/BANG/2019 & CO NO.20/BANG/2019 M/S. TECHNOART CONSTRUCTIONS PVT. LTD., BANGALORE PAGE 2 OF 3 O R D E R PER B.R. BASKARAN, ACCOUNTANT MEMBER: THE APPEAL FILED BY THE REVENUE AND THE CROSS OBJE CTION FILED BY THE ASSESSEE ARE DIRECTED AGAINST THE ORDER DATED 0 9-011-2018 PASSED BY LD CIT(A)-7, BENGALURU AND THEY RELATE TO THE ASSESSMENT YEAR 2010-11. 2. AT THE TIME OF HEARING, THE LD D.R SUBMITTED THAT THE TAX EFFECT INVOLVED IN THE APPEAL OF THE REVENUE IS LESS THAN THE MONETARY LIMIT OF RS.50.00 LAKHS FIXED BY THE CBDT IN ITS CIRCULAR NO.17/2019 DATED 08-08-2019. ACCORDINGLY, THE LD D.R SUBMITTED THAT THE REVENUE IS PRECLUDED FROM PURSUING THIS APPEAL. 3. THE LD A.R AGREE WITH THE SUBMISSION MADE BY LD D.R. HE FURTHER SUBMITTED THAT HE IS ALSO NOT PURSUING THE CROSS OBJECTION FILED BY THE ASSESSEE. 4. IN VIEW OF THE FOREGOING, THE APPEAL OF THE REVENUE AND THE CROSS OBJECTION FILED BY THE ASSESSEE ARE LIABLE TO DISMI SSED. WE ORDER ACCORDINGLY. 5. IN THE RESULT, THE APPEAL OF THE REVENUE AN D THE CROSS OBJECTION OF THE ASSESSEE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 1 ST OCT, 2020. SD/- (N.V. VASUDEVAN ) VICE PRESIDENT SD/- (B.R. BASKARAN) ACCOUNTANT MEMBER BANGALORE, DATED 1 ST OCT, 2020. VG/SPS ITA NO.190/BANG/2019 & CO NO.20/BANG/2019 M/S. TECHNOART CONSTRUCTIONS PVT. LTD., BANGALORE PAGE 3 OF 3 COPY TO: 1. THE APPLICANT 2. THE RESPONDENT 3. THE CIT 4. THE CIT(A) 5. THE DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASST. REGISTRAR, ITAT, BANGALORE.