ITO,Ward 32(2), Kolkata, Kolkata V. M/s National Coal Development Corporation, Kolkata

ITA 2279/KOL/2016

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 4527 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 8 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-08-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2013-2014
• Appeal Filed On: 01-12-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect
• Section: 10B

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH A, KOLKATA BEFORE SHRI J. SUDHAKAR REDDY, AM AND SHRI S.S. VISWANETHRA RAVI, AM I.T.A. NO. 2279/KOL/2016 ASSESSMENT YEAR: 2013-14 ITO, WARD 32(2), KOLKATA.........................................................................APPELLANT 10B, MIDDLETON ROW, 3 RD FLOOR, KOLKATA 700 071. VS. M/S. NATIONAL COAL DEVELOPMENT CORPORATION STAFF COOPERATIVE CREDIT SOCIETY LTD...........RESPONDENT THAPAR HOUSE, 5 TH FLOOR, 25, BRABOURNE ROAD, KOLKATA 700 001. [PAN : AAALN 0409 N] APPEARANCES BY: SHRI SALLONG YADEN, ADDL. CIT APPEARING ON BEHALF OF THE REVENUE. SHRI SUBASH AGARWAL, ADVOCATE APPEARING ON BEHALF OF THE ASSESSEE DATE OF CONCLUDING THE HEARING : MAY 15, 2018 DATE OF PRONOUNCING THE ORDER : AUGUST 3 RD , 2018 ORDER PER S.S. VISWANETHRA RAVI, JM IN THE REVENUE APPEAL, THE UNDISPUTED FACT IS THAT THE TAX EFFECT DOES NOT EXCEED THE MONETARY LIMIT OF RS.20,00,000/-, FIXED BY THE CBDT CIRCULAR NO.3/2018, F. NO. 279/MISC. 142/2007-ITJ (PT), DT. 11 TH JULY, 2018. AS MANDATED BY THIS ABOVE REFERRED CIRCULAR NO. 3/2018, THE APPEAL IS DISMISSED AS WITHDRAWN. 2 I.T.A. NO. 2279/KOL/2016 ASSESSMENT YEAR: 2013-14 M/S. NATIONAL COAL DEVELOPMENT CORPORATION STAFF COOPERATIVE CREDIT SOCIETY LTD. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 3 RD AUGUST, 2018. SD/- SD/- J. SUDHAKAR REDDY S.S. VISWANETHRA RAVI ACCOUNTANT MEMBER JUDICAL MEMBER DATED: 03/08/2018 BISWAJIT, SPS COPY OF ORDER FORWARDED TO: 1. M/S. NATIONAL COAL DEVELOPMENT CORPORATION STAFF COOPERATIVE CREDIT SOCIETY LTD., THAPAR HOUSE, 5 TH FLOOR, KOLKATA 01. 2. ITO, WARD 32(2), 10B MIDDLETON ROW, 3 RD FLOOR, KOLKATA 71. 3. THE CIT(A) 4. THE CIT 5. DR TRUE COPY, BY ORDER, SR. P.S. / H.O.O. ITAT, KOLKATA