ACIT, Circle -31, Kolkata, Kolkata V. Shaikh Mohammed Ferozeuddin Alameer, Kolkata

ITA 195/KOL/2014

• Counselvise Citation: [2015] 140 COUNSELVISE.COM (IT) 100301 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 10 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-12-2015
• Appeal Filed By: Department
• Bench Allotted: SMC
• Assessment Year: 2009-2010
• Appeal Filed On: 03-02-2014
• Court: TRIBUNAL
• Keywords: Audit objection; Tax effect
• Section: 147

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH: KOL KATA [BEFORE SHRI WASEEM AHMED, AM & SHRI S.S.VISWANETH RA RAVI, JM] ITA NO. &A.Y. (1) REVENUE/REP. BY (2) V S 3 ASSESSEE/PAN/REP. BY (4) QUANTUM INVOLVED(RS.) (5) TAX EFFECT INVOLVED (RS.) (6) 195/KOL/2014 AY. 2009-10 ACIT, CIR.31, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) SHAIKH MOHAMMED FOROZEUDDIN ALAMEER , ACUPA3323R, REP. BY NONE, 12/1B, KHUSSRO FILMS, BLOCHMANN STREET, KOLKATA-700013. 19,72,927/- 6,70,795/- 106/KOL/2014 AY. 2008-09 DCIT, CIR-11, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S.K.B.SAHA & SONS INDUSTRIES, AABCK2247D, REP. BY SHRI S.JHAJHARIA, FCA, 28/8. GARIAHAT ROAD, KUMOD BHAVAN, PANCHANANTALA, KOLKATA-700029. 7,25,627/- 2,46,713/- 1977/KOL/2014 AY. 2010-11 DCIT, CIR.2, SILIGURI. REP. BY SHRI R.P.NAG, JCIT(DR) SANTOSH KUMAR AGARWAL AFEPA9270M REP. BY SHRI SUBASH AGARWAL, ADVOCATE, SIDDHI HOME APARTMENT,1 ST FLOOR, MAIN ROAD, PUNJABI PARA, SILIGURI-734001. 18,39,592/- 6,25,461/- 879/KOL/2014 AY. 2009-10 ITO, WD-1(1), MIDNAPORE REP. BY SHRI R.P.NAG, JCIT(DR) M/S. BHUTRA EMPORIUM AAGFB1434M, REP BY NONE, BARA BAZAR, MIDNAPORE, PIN:721101. 1,28,746/- 4,37,736/- 1341/KOL/2015 AY. 2007-08 DCIT, CIR.11(1),KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. K.K.PATEL & FINANCE LTD., AABCK4282G, REP. BY NONE, 201, DHENU MARKET, 565/1, M.G.ROAD, INDORE. 22,52,200/- 7,65,748/- 1600/KOL/2014 AY. 2010-11 ITO, WD-33(1),KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. METRO INTERNATIONAL AAEFM7969E, REP. BY NONE 4, HO CHI MINH SARANI, KOLKATQA- 700071. 30.74,764/- 9,50,102/- 1162/KOL/2014 AY. 2010-11 DCIT,CIR.8, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. PREMIER ROAD CARRIERS LTD. AACCP8468Q, REP. BY SHRI SUBASH AGARWAL, ADVOCATE, 32, J.L.NEHRU ROAD, KOLKATA-700071. 22,72,609/- 7,72,687/- 2645/KOL/2013 AY. 2010-11 ITO, WD-30(2),KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) SHRI MANOJ SETH, ARWPS6259D REP. BY SHRI K.M.ROY, FCA, 30B, PRIYANATH MULLICK ROAD, 1 ST FLOOR, KOLKATA-700026. 25,64,900/- 8,72,066/- 1077/KOL/2015 AY. 2005-06 ITO, WD-46(1),KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) GOURAV AGARWAL, AFJPA0165Q REP. BY NONE, VIVEK VIHAR, PHASE-5, BLOCK-10, 493C/A,G.T.ROAD(SOUTH), HOWRAH-711102. 18,17,591/- 6,17,981/- 2593/KOL/2013 AY. 2001-02 I.T.O.,WD.4(2), KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. MANGALAM ENGINEERING PROJECT LTD., AACCM0359B REP. BY SHRI S.JHAJHARIA, FCA, 16, HARE STREET, KOLKATA-700001. 19,12,025/- 6,50,088/- 1727/KOL/2013 AY. 2001-02 ITO, WD-3, HALDIA. REP. BY SHRI R.P.NAG, JCIT(DR) NARAYAN CHANDRA BERA, ADFPB4114Q REP. BY NONE, NANDAKUMAR, TAMLUK, PURBA MEDINIPUR, PIN:721632. 9,00,000/- 3,06,000/- 1728/KOL/2013 AY. 2002-03 ITO, WD-3, HALDIA. REP. BY SHRI R.P.NAG, JCIT(DR) NARAYAN CHANDRA BERA, ADFPB4114Q REP. BY NONE, NANDAKUMAR, TAMLUK, PURBA MEDINIPUR, PIN:721632. 7,62,659/- 2,59,305/- 1729/KOL/2013 AY. 2003-04 ITO, WD-3, HALDIA. REP. BY SHRI R.P.NAG, JCIT(DR) NARAYAN CHANDRA BERA, ADFPB4114Q REP. BY NONE, NANDAKUMAR, TAMLUK, PURBA MEDINIPUR, PIN:721632. 17,32,946/- 5,69,202/- 1730/KOL/2013 AY. 2004-05 ITO, WD-3, HALDIA. REP. BY SHRI R.P.NAG, JCIT(DR) NARAYAN CHANDRA BERA, ADFPB4114Q REP. BY NONE, NANDAKUMAR, TAMLUK, PURBA MEDINIPUR, PIN:721632. 21,58,381/- 7,33,850/- 2 2 2329/KOL/2013 AY. 2008-09 ITO, WD-3(1), KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. CAPITAL FINANCE SERVICES LTD. AABCC2735L, REP. BY NONE, 8B, MIDDLETON STREET, KOLKATA-700071. 15,24,246/- 5,18,244/- 2756/KOL/2013 AY. 2006-07 DCIT, CIR.11,KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. WOODLAND MEDICAL CENTRE LTD. AAACW4144Q, REP. BY NONE, 8/5, ALIPORE ROAD, KOLKATA-700027. 16,40,000/- 5,57,600/- 1796/KOL/2013 AY. 2004-05 ITO, WD.28(3),KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) SRI RAM VIJAY SINGH AMHPS8770J REP. BY NONE, 2, HIDE ROAD, KOLKATA 700043. 9,90,653/- 9,90,653/- 1797/KOL/2013 AY. 2005-06 ITO, WD.28(3),KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) SRI RAM VIJAY SINGH AMHPS8770J REP. BY NONE, 2, HIDE ROAD, KOLKATA 700043. 2,95,586/- PENALTY 1509/KOL/2014 AY. 2007-08 ITO, WD.2, COOCHBEHAR REP. BY SHRI R.P.NAG, JCIT(DR) SRI UTTAM KARMAKAR AFNPK5184R REP. BY SHRI SUBASH AGARWAL, ADVOCATE, S.N.ROAD, P.O.+DIST. COOCHBEHAR-736101. 23,23,892/- 7,90,123/- C.O.89/K/2014 A/O ITA NO.1509/KOL/20 14) AY 2007-08 SRI UTTAM KARMAKAR AFNPK5184R REP. BY SHRI SUBASH AGARWAL, ADVOCATE, S.N.ROAD, P.O.+DIST. COOCHBEHAR-736101. ITO, WD.2, COOCHBEHAR REP. BY SHRI R.P.NAG, JCIT(DR) 2220/KOL/2014 AY 2009-10 ITO,WD-2(1), ASANSOL REP. BY SHRI R.P.NAG, JCIT(DR) SHRI SANJOY GOEL LTD. PROP. OF RELAX TRADING, AIPPG8214R , REP. BY NONE, CHINAKURI BAZAR, R.R.COLONY, DIST. BURDWAN. 13,84,902/- 4,70,862/- 1145/KOL/2014 AY 2009-10 DCIT,CIR.1,JALPAIGURI REP. BY SHRI R.P.NAG, JCIT(DR) SHRI SAGAR SAHA, AIYPS6754M REP. BY SHRI SUBASH AGARWAL, ADVOCATE, KADAMTALA, JALPAIGURI- 725101. 4,47,086/- 1,52,009/- 1616/KOL/2014 AY. 2008-09 ACIT, CIR-33, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. MITRA GUHA BUILDERS (INDIA)CO. AAFFM2988Q REP. BY SHRI J.M.THARD, ADVOCATE, 8/2, K.S.ROY ROAD, KOLKATA-700001. 11,21,550/- 3,46,559/- 1617/KOL/2014 AY. 2009-10 ACIT, CIR-33, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. MITRA GUHA BUILDERS (INDIA)CO. AAFFM2988Q REP. BY SHRI J.M.THARD, ADVOCATE, 8/2, K.S.ROY ROAD, KOLKATA-700001. 28,44,139/- 8,78,839/- 321/KOL/2015 AY. 2011-12 ACIT,CIR.32, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. MATADOR SERVICES AAEFM4792P REP. BY NONE, 25B, PARK STREET, KOLKATA-700016. 18,00,000/- 6,12,000/- 1154/KOL/2015 AY. 2005-06 ITO, WD-13(1), KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S FLINT SHOES LTD., AAACF4435F REP. BY NONE, 62, RABINDRA SARANI, KOLKATA-700073. 26,15,000/- 8,89,100/- 2574/KOL/2013 AY. 2007-08 ITO-WD.41(2), KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. DEBASISH INDUSTRIES AACFD6484B, REP. BY NONE, 39/2, CANAL WEST ROAD, KOLKATA- 700004. 21,30,280/- 7,24,295/- 2580/KOL/2013 AY. 2007-08 ITO,WD-30(1) KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) SMT. DULARI MAHATO, AFFPM4286C AAFFD0497F, REP. BY NONE, 22/C, DEODAR STREET, KOLKATA-700019. 18,97,001/- 6,44,980/- 1399/KOL/2013 AY. 2008-09 DCIT,CIR-12, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. SHREE BAIDYANATH AYURVED BHAWAN PVT. LTD., AAECS5408D REP. BY NONE, 1, GUPTA LANE, KOLKATA- 700006. 28,70,327/- 9,75,911/- 2505/KOL/2013 AY. 2009-10 ACIT,CIR.3 ASANSOL REP. BY SHRI R.P.NAG, JCIT(DR) SRI ASHOK KUMAR AGARWAL, PROP. OF M/S. DEEP ENTERPRISE & M/S. VIJAY ENTERPRISE, ACUPA3153G, REP. BY SHRI SUBASH AGARWAL, ADVOCATE, R.K.CHATTERJEE LANE, BYE PASS ROAD, CHAS, BOKARO-827013. 14,38,926/- 4,89,021/- 3 3 2448/KOL/2013 AY. 2009-10 ITO, WD-1, MALDA REP. BY SHRI R.P.NAG, JCIT(DR) MD.AKBAR CHOUDHURY, ADOPC0656P AACFC0478B, REP. BY NONE, PMOTHABARI, KALICHAK, MALDA 17,46,445/- 5,93,791/- 1324/KOL/2013 AY 2008-09 DCIT, CIR-4, KOLKATA, REP. BY SHRI R.P.NAG, JCIT(DR) M/DS. ASIATIC GASES LTD., AACCA4768Q, REP. BY NONE, 8, B.B.D.BAG (EAST), KOLKATA-700001. 12,89,952/- 4,38,584/- 1005/KOL/2015 AY. 2009-10 ITO,WD-32(4),KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) SHAKIL AHMED ACJPA9995K REP. BY SHRI ASHISH BAJAJ, ACA, 8/2, DR.BIRESH GUHA STREET, PARK CIRCUS, KOLKATA-700017. 20,00,000/- 6,80,000/- 2608/KOL/2013 AY. 2005-06 ITO,WD-11(4),KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. CIMSYS RESEARCH INDIA PVT. LTD., REP. BY SHRI PRAVABESH SARKAR, ADVOCATE, 56D, MIRZA GHALIB STREET, KOLKATA-700016. 8,27,112/- 2,81,218/- 2611/KOL/2013 AY. 2007-08 DCIT, CIRCLE-11,KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. MACHINO TECHNO SALES PVT.LTD. AACCM2561R, REP. BY SHRI S.M.SURANA, ADVOCATE, 8A, JINDAL HOUSE, ALIPORE ROAD, KOLKATA-700027. 1,88,351/- 64,039/- 1522/KOL/2013 AY. 2004-05 DCIT, CIRCLE-2,KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. PRICE WATERHOUSE COOPERS PVT. LTD., AABCP9181H REP. BY NONE, BLOCK-EP, SECTOR-VI, SALT LAKE, KOLKATA-700091. 25,68,938/- 8,73,439/- 1058/KOL/2015 AY 2004-05 DCIT, CIR.3, MALDA. REP. BY SHRI R.P.NAG, JCIT(DR) MD. ABDUL HANNAN, AAZPH9021P, REP. BY SHRI V.N.PUROHIT, FCA, BAKHARPUR, KALIACHAK, P.O.BAKHARPUR, DIST. MALDA, W.B.732206. 21,64,742/- 7,36,012/- 1059/KOL/2015 AY 2005-06 DCIT, CIR.3, MALDA. REP. BY SHRI R.P.NAG, JCIT(DR) MD. ABDUL HANNAN, AAZPH9021P, REP. BY SHRI V.N.PUROHIT, FCA, BAKHARPUR, KALIACHAK, P.O.BAKHARPUR, DIST. MALDA, W.B.732206. 21,64,742/- 7,36,012/- 1710/KOL/2013 AY 2007-08 DCIT, CIR.6, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. DPSC LTD., AABCD0340G REP. BY NONE, PLOT NO.X-1,2&3, BLOCK-EP, SECTOR-V, SALT LAKE, KOLKATA-700091.. 3,78,000/- 1,28,520/- 2617/KOL/2013 AY 2009-10 DCIT, CIR-12, KOLKATA. REP. BY SHRI R.P.NAG, JCIT(DR) M/S. UDAIPUR COTTON MILLS CO.LTD., AAACU1757H, REP. BY NONE, FMC FORTUNA, 2 ND FLOOR, 234/3A, A.J.C.BOSE ROAD, KOLKATA-700020. 25,25,226/- 8,58,577/- IT(SS)NO.108/K OL/2014 AY 2008-09 DCIT, CENTRAL CIRCLE- VII, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) RAJENDRA KUMAR BANKA AEAPB1076R REP. BY SHRI ABHISHEK SHARMA, ACA, 8A, JINDAL HOUSE, ALIPUR ROAD, KOLKATA-700027. 27,00,000/- 9,18,000/- 2226/KOL/2014 AY 2011-12 DCIT,CIR.3(1) KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. MAITHAN ALLOYS LTD. AABCM7758B REP. BY NONE, 9, A.J.C.BOSE ROAD, KOLKATA-700020. 15,05,223/- 5,11,776/- 1412/KOL/2014 AY 2009-10 ACIT, CIR-33, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. DEBSHARMA CONSTRUCTION CO., AACFD2090F, REP. BY NONE, BANKERPUR, SARISHA, PRANBALLAYPUR, DIAMOND HARBOUR ROAD, 24 PARGANAS (SOUTH), W.B. 749968. 17,09,275/- 5,81,154/- 1361/KOL/2014 AY 2009-10 DCIT, CIR.4, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. DARJEELING DOOARS PLANTATION (TEA) LTD., AABCD2697J REP. BY NONE, 2, HARE STREET, KOLKATA- 700001. 24,32,086/- 8,26,909/- 1210/KOL/2013 AY 2007-08 DCIT, CIR.8, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. U.M.CABLES LTD. AAACU5578N REP. BY NONE, 2A, SHAKESPEARE SARANI, KOLKATA-700071. 26,74,394/- 9,09,294/- 2013/KOL/2014 AY 2010-11 ACIT, CIR.44, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) SMT. VEENA KOTHARI, AFYPK7105H REP. BY NONE, 4, BASAK STREET, KOLKATA-700007. 29,81,583/- 9,83,922/- 4 4 203/KOL/2015 AY 2008-09 ITO,WD-28(2), KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) SMT.KHUSBOO AGARWAL, AEYPC1306B REP. BY SHRI ABHISHEK SHARMA, ACA, FLAT NO.12B, IDEAL TOWER, BLOCK-B, 57, D.H.ROAD, KOLKATA-700023. 19,74,848/- 6,71,448/- 2727/KOL/2013 AY 2003-04 DCIT, CIR.4, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. POLLORBUND TEA LTD, AACCP0027H REP. BY NONE, 3B, LAL BAZAR STREET, 2ND FLOOR, KOLKATA-700001. 15,67,542/- 5,32,964/- 2728/KOL/2013 AY 2004-05 DCIT, CIR.4, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. POLLORBUND TEA LTD, AACCP0027H REP. BY NONE, 3B, LAL BAZAR STREET, 2ND FLOOR, KOLKATA-700001. 16,12,426/- 5,48,225/- 2097/KOL/2014 AY 2009-10 ACIT, CIR.35,KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. KHAITAN ELECTRONICS, AAEFK9226A REP. BY NONE, P-38, INDIA EXCHANGE PLACE, KOLKATA-700001. 27,00,711/- 8,34,519/- 241/KOL/2011 AY 2006-07 ACIT, CENTRAL CIRCLE- XXIII, KOLKATA REP. BY SHRI R.P.NAG, JCIT(DR) M/S. J.A.IRON & STEEL INDIA (P)LTD., AABCJ6439L REP. BY NONE, 79/3A, S.N.ROY ROAD, BEHALA, KOLKATA-700034. 7,90,668/- PENALTY 7,90,668/- PENALTY DATE OF HEARING: 30.12.2015 DATE OF PRONOUNCEMENT: 30.12.2015 ORDER PER BENCH THESE APPEALS OF THE REVENUE ARISE OUT OF THE VARIO US ORDERS OF THE LEARNED CIT(A) AGAINST THE ORDERS OF ASSESSMENT FRAMED U/S 147 / 1 43(3) / 144 OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO AS THE ACT). 2. AT THE OUTSET, IT IS SEEN THAT THE TAX EFFECT O N THE DISPUTED ADDITIONS BEFORE US IS LESS THAN RS. 10 LACS. AS THE TAX EFFECT IN ALL THESE APPEALS ARE LESS THAN RS 10 LACS (AS MENTIONED IN COLUMN NO. 6), THESE APPEALS ARE TAKEN UP TOGETHER AND DISPOSED OFF BY THIS COMMON ORDER FOR THE SAKE OF CONVENIENCE. 3. AFTER PERUSING THE MATERIALS AVAILABLE ON RECOR D, IN ALL THESE APPEALS, IT IS SEEN FROM THE RECORDS THAT THE TOTAL TAX EFFECT IN EACH OF THE AP PEALS, ON THE ADDITIONS DISPUTED BEFORE US IS BELOW THE TAX EFFECT LIMIT PRESCRIBED BY CBDT VIDE CIRCULAR NO. 21 / 2015 DATED 10.12.2015 FOR PREFERRING APPEALS BEFORE TRIBUNAL BY THE REVENUE. IT WILL BE PERTINENT TO REPRODUCE THE RELEVANT PORTION OF THE SAID CIRCULAR NO. 21 / 2015 DATED 10 .12.2015:- 3. HENCEFORTH, APPEALS / SLPS SHALL NOT BE FILED I N CASES WHERE THE TAX EFFECT DOES NOT EXCEED THE MONETARY LIMITS GIVEN HEREUNDER:- S.NO. APPEALS IN INCOME TAX MATTERS MONETARY LIMIT (IN RS) 1 BEFORE APPELLATE TRIBUNAL 10,00,000/- 2 BEFORE HIGH COURT 20,00,000/- 3 BEFORE SUPREME COURT 25,00,000/- 5 5 IT IS CLARIFIED THAT AN APPEAL SHOULD NOT BE FILED MERELY BECAUSE THE TAX EFFECT IN A CASE EXCEEDS THE MONETARY LIMITS PRESCRIBED ABOVE. FILING OF APPEAL IN SUCH CASES IS TO BE DECIDED ON MERITS OF THE CASE. 4. FOR THIS PURPOSE, TAX EFFECT MEANS THE DIFFERE NCE BETWEEN THE TAX ON THE TOTAL INCOME ASSESSED AND THE TAX THAT WOULD HAVE BEEN CHARGEABLE HAD SUC H TOTAL INCOME BEEN REDUCED BY THE AMOUNT OF INCOME IN RESPECT OF THE ISSUES AGAINST WHICH APPEA L IS INTENDED TO BE FILED (HEREINAFTER REFERRED TO AS DISPUTED ISSUES). HOWEVER, THE TAX WILL NOT INCLUDE ANY INTEREST THEREON, EXCEPT WHERE CHARGEABILITY OF INTEREST ITSELF IS IN DISPUTE. IN CASE THE CHARGEABILITY OF INTEREST IS THE ISSUE UN DER DISPUTE, THE AMOUNT OF INTEREST SHALL BE THE TAX EF FECT. IN CASES WHERE RETURNED LOSS IS REDUCED OR ASSESSED AS INCOME, THE TAX EFFECT WOULD INCLUDE NO TIONAL TAX ON DISPUTED ADDITIONS. IN CASE OF PENALTY ORDERS, THE TAX EFFECT WILL MEAN QUANTUM O F PENALTY DELETED OR REDUCED IN THE ORDER TO BE APPEALED AGAINST. 5. THE ASSESSING OFFICER SHALL CALCULATE THE TAX EF FECT SEPARATELY FOR EVERY ASSESSMENT YEAR IN RESPECT OF THE DISPUTED ISSUES IN THE CASE OF EVERY ASSESSEE. IF, IN THE CASE OF AN ASSESSEE, THE DISPUTED ISSUES ARISE IN MORE THAN ONE ASSESSMENT Y EAR , APPEAL, CAN BE FILED IN RESPECT OF SUCH ASSESSMENT YEAR OR YEARS IN WHICH THE TAX EFFECT IN RESPECT OF THE DISPUTED ISSUES EXCEEDS THE MONETARY LIMIT SPECIFIED IN PARA 3. NO APPEAL SHA LL BE FILED IN RESPECT OF AN ASSESSMENT YEAR OR YEARS IN WHICH THE TAX EFFECT IS LESS THAN THE MONE TARY LIMIT SPECIFIED IN PARA 3. IN OTHER WORDS, HENCEFORTH, APPEALS CAN BE FILED ONLY WITH REFERENC E TO THE TAX EFFECT IN THE RELEVANT ASSESSMENT YEAR. HOWEVER, IN CASE OF A COMPOSITE ORDER OF AN Y HIGH COURT OR APPELLATE AUTHORITY, WHICH INVOLVES MORE THAN ONE ASSESSMENT YEAR AND COMMON I SSUES IN MORE THAN ONE ASSESSMENT YEAR, APPEAL SHALL BE FILED IN RESPECT OF ALL SUCH ASSESS MENT YEARS EVEN IF THE TAX EFFECT IS LESS THAN TH E PRESCRIBED MONETARY LIMITS IN ANY OF THE YEAR(S), I F IT IS DECIDED TO FILE APPEAL IN RESPECT OF THE YEAR(S) IN WHICH TAX EFFECT EXCEEDS THE MONETARY LIMIT PRESCRIBED. IN CASE WHERE A COMPOSITE ORDER / JUDGEMENT INVOLVES MORE THAN ONE ASSESSEE, EACH ASSESSEE SHALL BE DEALT WITH SEPARATELY. 8. ADVERSE JUDGEMENTS RELATING TO THE FOLLOWING ISS UES SHOULD BE CONTESTED ON MERITS NOTWITHSTANDING THAT THE TAX EFFECT ENTAILED IS LES S THAN THE MONETARY LIMITS SPECIFIED IN PARA 3 ABOVE OR THERE IS NO TAX EFFECT: (A) WHERE THE CONSTITUTIONAL VALIDITY OF THE PROVISIONS OF AN ACT OR RULE ARE UNDER CHALLENGE, OR (B) WHERE BOARDS ORDER, NOTIFICATION, INSTRUCTION OR C IRCULAR HAS BEEN HELD TO BE ILLEGAL OR ULTRA VIRES, OR (C) WHERE REVENUE AUDIT OBJECTION IN THE CASE HAS BEEN ACCEPTED BY THE DEPARTMENT, OR (D) WHERE THE ADDITION RELATES TO UNDISCLOSED FOREIGN A SSETS / BANK ACCOUNTS. 10. THIS INSTRUCTION WILL APPLY RETROSPECTIVELY TO PENDING APPEALS AND APPEALS TO BE FILED HENCEFORTH IN HIGH COURTS/ TRIBUNALS. PENDING APPE ALS BELOW THE SPECIFIED TAX LIMITS IN PARA 3 ABOVE MAY BE WITHDRAWN / NOT PRESSED. APPEALS BEFO RE THE SUPREME COURT WILL BE GOVERNED BY THE INSTRUCTIONS ON THIS SUBJECT, OPERATIVE AT THE TIME WHEN SUCH APPEAL WAS FILED. 4. WE FIND THAT INTENTION BEHIND THE CIRCULAR NO.21 /2015 DATED 10-12-2015 NEEDS TO BE UNDERSTOOD IN THE FOLLOWING PERSPECTIVE:- BY PASSAGE OF TIME, THE MONEY VALUE HAS GONE DOWN, THE COST OF LITIGATION EXPENSES HAS GONE UP, NUMBER OF ASSESSES ON THE FILES OF THE DE PARTMENT HAVE BEEN INCREASED AND CONSEQUENTLY, THE BURDEN ON THE DEPARTMENT IS ALSO INCREASED TO A TREMENDOUS EXTENT. THE CORRIDORS OF THE SUPERIOR COURTS ARE CHOKED WITH HU GE PENDENCY OF CASES. IN THIS VIEW 6 6 OF THE MATTER, THE CBDT HAS RIGHTLY TAKEN A DECISIO N TO REVISE THE MONETARY LIMITS IN TUNE WITH THE PRESENT VALUE OF MONEY AND WITH A VIEW TO REDUCE THE LITIGATION AND OFFERING RELIEF TO SMALL TAX PAYERS. THIS IS ALSO IN VIEW O F THE FACT THAT TIME AND ENERGY OF THE DEPARTMENT COULD BE USED MORE PRODUCTIVELY AND EFF ICIENTLY TO CATCH HOLD OF BIG FISHES, WHO IN TURN WOULD CONTRIBUTE MORE TO THE DEVELOPMEN T OF THE COUNTRY. 5. ON PERUSAL OF THE CIRCULAR NO. 21 / 2015 DATED 1 0.12.2015 AND THE MATERIALS AVAILABLE ON RECORD, WE COULD NOT SEE WHETHER THE IMPUGNED CASE FALLS UNDER ANY OF THE EXCEPTIONS CONTEMPLATED IN THE SAID CIRCULAR. WE ALSO FIND TH AT THE CIRCULAR MAKES IT VERY CLEAR THAT THE REVISED MONETARY LIMITS SHALL APPLY RETROSPECTIVELY TO PENDING APPEALS ALSO. WE FIND THAT THE CIRCULAR IS BINDING ON THE TAX AUTHORITIES. THIS PO SITION HAS BEEN CONFIRMED BY THE HONBLE APEX COURT IN THE CASE OF COMMISSIONER OF CUSTOMS VS IND IAN OIL CORPORATION LTD REPORTED IN 267 ITR 272 (SC) WHEREIN THEIR LORDSHIPS EXAMINED THE EARLIER DECIS IONS OF THE APEX COURT WITH REGARD TO BINDING NATURE OF THE CIRCULARS AND LAID DOWN THAT WHEN A CIRCULAR ISSUED BY THE BOARD REMAINS IN OPERATION THEN THE REVENUE IS BOUND BY I T AND CANNOT BE ALLOWED TO PLEAD THAT IT IS NOT VALID OR THAT IT IS CONTRARY TO THE TERMS OF THE ST ATUTE. HENCE, WE HOLD THAT THE APPEAL(S) OF THE REVENUE DESERVE TO BE DISMISSED IN TERMS OF LOW TAX EFFECT VIDE CIRCULAR NO.21 / 2015 DATED 10.12.2015. ACCORDINGLY, THESE BEING A LOW TAX EFF ECT CASE, WE DISMISS ALL THE APPEALS OF REVENUE IN LIMINE, AS UNADMITTED, WITHOUT GOING INT O THE MERITS OF THE CASE. 6. SINCE REVENUE APPEAL IN ITA NO.1509/KOL/2014 IS DISMISSED AS UNADMITTED, THE C.O RAISED BY ASSESSEE IN CO NO.89/KOL/2014 IS ALSO DIS MISSED AS INFRUCTUOUS. HOWEVER, ASSESSEE CAN FILE APPEAL AGAINST THE RETAINED ADDITION AS PE R THE PROVISIONS OF LAW. 7. IN THE RESULT, ALL THE APPEALS OF THE REVENUE AR E DISMISSED INLIMINE AND THAT OF THE CO OF THE ASSESSEE IS ALSO DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- (S.S.VISWANETHRA RAVI) (WASEEM AHMED) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED : 30 TH DECEMBER, 2015 RG. P.S 7 7 COPY OF THE ORDER FORWARDED TO: 1. APPELLANT 2 RESPONDENT 3. THE CIT(A), KOLKATA 4. 5. CIT KOLKATA DR, KOLKATA BENCHES, KOLKATA / TRUE COPY, BY ORDER, ASSTT. REGISTRAR .