DCIT, New Delhi V. M/s Quippo Energy (P) Ltd., New Delhi

ITA 2026/DEL/2017

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 7449 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 9 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-01-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: F
• Assessment Year: 2010-2011
• Appeal Filed On: 05-04-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SURENDER PAL
• Keywords: Tax effect
• Section: 22

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH F NEW DELHI BEFORE SHRI G.S. PANNU, VICE PRESIDENT & SHRI AMIT SHUKLA, JUDICIAL MEMBER I.T.A. NO.2026/DEL/2017 ASSESSMENT YEAR 2010-11 DY. CIT, CIRCLE-20(2), NEW DELHI. V. M/S. QUIPPO ENERGY P. LTD., D-2, 5 TH FLOOR, SOUTHERN PARK, SAKET PLACE, NEW DELHI. TAN/PAN: AAACQ1675Q (APPELLANT) (RESPONDENT) APPELLANT BY: SHRI SURENDER PAL, SR.DR RESPONDENT BY: MS. ALKA ARREN, FCA DATE OF HEARING: 22 10 2019 DATE OF PRONOUNCEMENT: 20 01 2020 O R D E R PER AMIT SHUKLA, J.M.: THE AFORESAID APPEAL HAS BEEN FILED BY THE ASSESSEE AGAINST THE IMPUGNED ORDER DATED 10.01.2017 PASSED BY COMMISSIONER OF INCOME TAX (APPEALS)-VII, NEW DELHI FOR THE ASSESSMENT YEAR 2010-11. 2. BEFORE US, LD. COUNSEL FOR THE ASSESSEE SUBMITTE D THAT THE TOTAL DISPUTED AMOUNT AS RAISED IN THE REVENUE S APPEAL AMOUNTING TO RS.1,25,55,768/- ON WHICH THE TOTAL TA X EFFECT IS RS.38,79,732/- WHICH IS BELOW THE MONETARY PRESCRIB ED LIMIT OF RS.50 LAC AS PER CBDT CIRCULAR NO.17/2019 DATED 08.08.2019, THE APPEAL OF THE REVENUE IS NOT MAINTA INABLE. I.T.A. NO.5960/DEL/2016 2 3. FURTHER CBDT VIDE CLARIFICATION DATED 20.08.2019 HAS CLARIFIED THAT THE AFORESAID CIRCULAR WILL APPLY TO ALL PENDING APPEALS ALSO. ACCORDINGLY, THE APPEAL OF THE REVENU E IS DISMISSED AS NON-MAINTAINABLE AS THE TAX EFFECT IS BELOW RS.50 LAKHS. 5. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 20 TH JANUARY, 2020. SD/- SD/- [G.S. PANNU] [AMIT SHUKLA] VICE PRESIDENT JUDICIAL MEMBER DATED: 20 TH JANUARY, 2020 PKK: