Assistant Commissioner of Income-tax, Circle - 10, Pune V. M/s. Thermaxculligan Water Technologies ltd, (Merged with Thermax Ltd), Pune

ITA 2176/PUN/2017

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 0147 (ITAT-PUNE)
• Duration Of Justice: 2 year(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-09-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2001-2002
• Appeal Filed On: 15-09-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ABHISHEK MESHR AM
• Assessee Lawyers: R D ONKAR; AVINASH AMLE
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH, PUNE BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI S.S. VISWANETHRA RAVI, J UDICIAL MEMBER . / ITA NO . 21 76 /PUN/201 7 / ASSESSMENT YEAR : 20 0 1 - 02 THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE 10, PUNE ....... / APPELLANT / V/S. M/S. THERMAX CULLIGAN WATER TECHNOLOGIES LTD., (MERGED WITH THERMAX LTD.), 14, MUMBAI - PUNE ROAD, WAKEDWADI, SHIVAJINAGAR, PUNE PAN : AAACT6850E / RESPONDENT ASSESSEE BY : SHRI R.D. ONKAR & SHRI AVINASH AMLE REVENUE BY : SHRI ABHISHEK MESHRAM / DATE OF HEARING : 20 - 09 - 2019 / DATE OF PRONOUNCEMENT : 23 - 09 - 2019 / ORDER PER S.S. VISWANETHRA RAVI, JM : THIS APPEAL BY THE REVENUE AGAINST THE ORDER DATED 22 - 05 - 2017 PASSED BY THE COMMISSIONER OF INCOME TAX (APPEALS) - 6, PUNE FOR ASSESSMENT YEAR 20 0 1 - 02. 2 ITA NO . 21 76/PUN/2017, A.Y. 2001 - 02 2. ADMITTEDLY, THE TAX EFFECT INVOLVED IN THIS APPEAL IS BELOW MONETARY LIMIT FIXED BY THE CBDT CIRCULA R VIDE ITS LATEST CIRCULAR NO. 17/2019, DATED 08 - 08 - 2019. THUS, GROUNDS RAISED BY THE REVENUE FAIL AND THE APPEAL IS NOT MAINTAINABLE. THEREFORE, THE APPEAL OF REVENUE IS DISMISSED AS WITHDRAWN IN TERMS OF CBDT CIRCULAR MENTIONED HERE - IN - ABOVE. 3. IN THE RESULT, THE APPEAL OF REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 23 RD SEPTEMBER, 2019. SD/ - SD/ - ( R.S. SYAL ) ( S.S. VISWANETHRA RAVI ) VICE PRESIDENT JUDICIAL MEMBER / PUNE; / DATED : 23 RD SEPTEMBER, 2019 RK / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT. 2. / THE RESPONDENT. 3. ( ) / THE CIT(A) - 6, PUNE 4. THE PR. COMMISSIONER OF INCOME TAX - 5, PUNE 5. , , , / DR, ITAT, B BENCH, PUNE. 6. / GUARD FILE. // // TRUE COPY// / BY ORDER, / PRIVATE SECRETARY, , / ITAT, PUNE