Income Tax Officer Ward-2 , Chitradurga V. M/s Vijayalakshmi Cotton Agencies , Chitradurga

ITA 2037/BANG/2018

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 6035 (ITAT-BANGALORE)
• Duration Of Justice: 10 month(s) 16 day(s)
• Appeal Type: Income Tax (Transfer Pricing) Appeal
• Pronouncement Date: 01-05-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2010-2011
• Appeal Filed On: 15-06-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M NARSIMHA RAJU
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCH C BEFORE SHRI N. V. VASUDEVANV, JUDICIAL MEMBER AND SHRI A. K. GARODIA, ACCOUNTANT MEMBER I.T.A. NO. 2037/BANG/2018 (ASSESSMENT YEAR: 2010 11) THE INCOME TAX OFFICER, WARD 2, CHITRADURGA. APPELLANT. VS. M/S. VIJAYLAKSHMI COTTON AGENCIES, VIJAYSHREE, 1 ST MAIN, S NIJALINGAPPA ROAD, V. P. EXTENSION, CHITRADURGA. PAN AABFV4364M RESPONDENT. ASSESSEE BY : MS RASHMI, ADVOCATE RE VENUE BY : S HRI M. NARSIMHA RAJU, JC IT ( DR ) DATE OF HEARING : 01.0 8.2018. DATE OF PRONOUNCEMENT : 0 3.08.2018. O R D E R PER SHRI A. K. GARODIA, A.M. : THIS APPEAL IS FILED BY THE REVENUE AND THIS APPEAL IS DIRECTED AGAINST THE ORDER OF THE CIT (A) - DAVANGERE DATED 20.03.2018 F OR A. Y. 2010 - 11. 2. AT THE VERY OUTSET, IT WAS SUBMITTED BY HE LEARN ED AR OF THE ASSESSEE THAT IN THIS APPEAL, THE TAX EFFECT IS BELOW RS. 20 LACS AN D THEREFORE, AS PER THE RECENT CBDT INSTRUCTIONS AS PER CIRCULAR NO. 3/2018 DATED 11.07.2018, THIS APPEAL OF THE REVENUE IS NOT MAINTAINABLE. LEARNED DR OF THE REVENUE HAD NOTHING TO SAY. 3. WE HAVE CONSIDERED THE SUBMISSIONS OF THE LEARNE D AR OF THE ASSESSEE AND WE ALSO FIND THAT IN THIS APPEAL, THE TAX EFFECT IS BELOW RS. 20 LACS AND THEREFORE, AS PER THE RECENT CBDT INSTRUCTIONS AS P ER CIRCULAR NO. 3/2018 DATED 2 ITA NO.2037/BANG/2018 11.07.2018, THIS APPEAL OF THE REVENUE IS NOT MAINT AINABLE. ACCORDINGLY, THIS APPEAL OF THE REVENUE IS DISMISSED BECAUSE OF LOW T AX EFFECT. 4. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THE DA TE MENTIONED ON THE CAPTION PAGE. SD/- SD/- (N. V. VASUDEVAN) (A. K. GARODIA) JUDICIAL MEMBER ACCOUNTANT MEMBER BANGALORE, DATED: 03.08.2018. MS* COPY TO: 1. APPELLANT 4. CIT(A) 2. RESPONDENT 5. DR, ITAT, BANGALORE 3. CIT 6. GUARD FILE BY ORDER SENIOR PRIVATE SECRETARY, INCOME TAX APPELLATE TRIBUNAL, BANGALORE.