The DCIT, Central Circle-2(1), Ahmedabad V. Shri Nazir Hussain Kaliwala, Bhavnagar

ITA 2378/AHD/2012

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 9504 (ITAT-AHMEDABAD)
• Duration Of Justice: 3 year(s) 4 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-02-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 25-02-2016
• Assessment Year: 2010-2011
• Appeal Filed On: 23-10-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: VIBHA BHALLA
• Assessee Lawyers: S S MEHTA
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD C BENCH (BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER & SHRI S.S. GODARA, JUDICIAL MEMBER) ITA. NO: 2378/AHD/2012 (ASSESSMENT YEAR: 2010-11) DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(1), AHMEDABAD V/S SHRI NAZIR HUSSAIN KALIWALA BAVNAGAR, 364001 (APPELLANT) (RESPONDENT) PAN: AGCPK2178D APPELLANT BY : SMT. VIBHA BHALLA, CIT/DR RESPONDENT BY : SHRI S.S. MEHTA ( )/ ORDER DATE OF HEARING : 25 -02-201 6 DATE OF PRONOUNCEMENT : 25 -02-2016 PER N.K. BILLAIYA, ACCOUNTANT MEMBER: 1. THIS APPEAL BY THE REVENUE IS DIRECTED AGAINST THE ORDER OF LD. CIT(A)- III, AHMEDABAD DATED 29.08.2012 PERTAINING TO A.Y. 2010-11. ITA NO. 2378 /AHD/2012 . A.Y. 2010-20 11 2 2. THE GRIEVANCE OF THE REVENUE RELATES TO THE DELETIO N OF THE ADDITION OF RS. 11,70,412/- OUT OF TOTAL ADDITION OF RS. 15,70, 412/- MADE U/S. 68 OF THE ACT. 3. AT THE VERY OUTSET AND LOOKING AT THE GROUNDS OF AP PEAL AND THE QUANTUM AGITATED BY THE REVENUE, WE HAVE NO HESITAT ION TO STATE THAT THIS APPEAL BY THE REVENUE HAS TO BE DISMISSED IN T HE LIGHT OF CIRCULAR NO. 21/2015, DATED 10.12.2015 AS THE TAX EFFECT DOE S NOT EXIST THE MONETARY LIMIT PRESCRIBED THEREIN. 4. IN THE LIGHT OF THE AFOREMENTIONED CIRCULAR OF THE CBDT, THIS APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON 25 - 02 - 2016. SD/- SD/- (S. S. GODARA) (N. K. BILLAIYA) JUDICIAL MEMBER ACCOUNTANT MEMBER AHMEDABAD: TRUE COPY RAJESH COPY OF THE ORDER FORWARDED TO: - 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE CIT (APPEALS) 4. THE CIT CONCERNED. 5. THE DR., ITAT, AHMEDABAD. 6. GUARD FILE. BY ORDER DEPUTY/ASSTT.REGISTRAR ITAT,AHM EDABAD