Income-tax Officer, Pune V. Shri Ramdas Prasram Jarande, Pune

ITA 2427/PUN/2016

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 3226 (ITAT-PUNE)
• Duration Of Justice: 1 year(s) 9 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 13-08-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 13-08-2018
• Assessment Year: 2007-2008
• Appeal Filed On: 14-10-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: ANAND PARTANI SL NO SMT DEEPA
• Keywords: Retrospective amendment; Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, PUNE . , , , BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI VIKAS AWASTHY, JM SL. NO. ITA NO./CO NO. NAME OF APPELLANT NAME OF RESPONDENT ASSTT. YEAR 1 158/PUN/2016 ASSTT. CIT, JALNA CIRCLE, JALNA LAXMI COTSPIN LTD., GUT NO. 399, SAMANGAON, AMBAD ROAD, JALNA - 431203 PAN : AAECM5186A 2012 - 13 2 756/PUN/2013 ITO, WARD - 11(4), PUNE SHRI DILEEP BADRINARAYAN KABRA, MODERN GENERAL STORES, 53/B - 2, SANT NAGAR, ARANYESHWAR, PUNE - 411009 PAN : ABKPK9226F 2009 - 10 3 777/PUN/2015 ITO, WARD - 2(1), AURANGABAD SHRI RAJESH BABURAO DOLE, PROP. M/S. SHREE LAXMI NURSINHA CONSTRUCTIONS, F - 12, KUBER AVENUE, A - W ING, JALNA ROAD, AURANGABAD - 431001 PAN : AGMPD0749B 2010 - 11 4 894/PUN/2015 ITO, WARD - 1, JALNA SHRI NANDKISHORE LAXMINARAYAN AGRAWAL, C/O SALASAR INDUSTRIES, PLOT NO. D - 16, ADDL. MIDC, JALNA - 431203 PAN : ADPPA7327N 2010 - 11 5 220/PUN/2016 DCIT, PANVEL CIRCLE, NEW PANVEL MOHD. ARIF SHAFIK AHMED PATEL, 92, PATEL MOHALLA, PANVEL, DISTT. - RAIGAD - 410206 PAN : ABYPP0492L 2011 - 12 6 402/PUN/2016 ITO, WARD - 1(3), AURANGABAD M/S. ANKEET COTTAGE INDUSTRIES, B - 19, MIDC PAITHAN, AURANGABAD - 431107 PAN : AADFA9560C 2011 - 12 7 CO NO. 07/PUN/2018 M/S. ANKEET COTTAGE INDUSTRIES, B - 19, MIDC PAITHAN, AURANGABAD - 431107 PAN : AADFA9560C ITO, WARD - 1(3), AURANGABAD 2011 - 12 8 647/PUN/2016 ASSTT. CIT, CIRCLE - 2, NASHIK M/S. SNOWCEM PAINTS PVT. LTD., PLOT NO. E - 6, MIDC, MALEGAON, SINNAR, NASHIK - 422103 PAN : AAJCS0425R 2007 - 08 2 9 866/PUN/2016 ASSTT. CIT, CIRCLE - 2, NASHIK SHRI VILAS VISHNU SHINDE, GAT NO. 1108/2, NEAR MEDICAL COLLEGE, ADGAON, PANCHVATI, NASHIK - 422003 PAN : AQUPS3123N 2012 - 13 10 1162/PUN/2016 DCIT, CIRCLE - 12, PUNE M/S. VAIBHAV METALS, GAT NO. 2423, PRIYANKI NAGARI, WAGHOLI, PUNE - 412207 PAN : AAFFV0525I 2007 - 08 11 1182/PUN/2016 ASSTT. CIT, CIRCLE - 1, JALGAON NIKKI AGRO PRODUCTS PVT. LTD., PLOT NO. V - 191/1, MIDC AREA, JALGAON - 425003 PAN : AABCN6531B 2007 - 08 12 1193/PUN/2016 ITO, WARD - 2(1), NASHIK SHRI RITESH SUNDERLAL SHAH, 5, CHANDANBALA HOUSING SOCIETY, GURUDWARA ROAD, SHINGADA TALAV, NASHIK - 422001 PAN : AVNPS7816C 2010 - 11 13 1549/PUN/2016 DCIT, CIRCLE - 1(1), PUNE CLASSIC CITI INVESTMENTS PVT. LTD., 262, HOTEL SUN - N - SAND, BUND GARDEN ROAD, PUNE - 411001 PAN : AABCC7550P 2010 - 11 14 1551/PUN/2016 DCIT, CIRCLE - 6, PUNE M/S. SPAN OVERSEAS LTD., OFFICE NO. 5, 3 RD FLOOR, AMAR AVINASH CORPORATE CITY, 11, BUND GARDEN, PUNE - 411001 PAN : AABCS4214N 2007 - 08 15 1635/PUN/2016 DCIT, CIRCLE - 9, PUNE M/S. HINDUSTAN ANTIBIOTICS LTD., MUMBAI - PUNE ROAD, PIMPRI, PUNE - 411018 PAN : AAACH5155L 2010 - 11 16 1668/PUN/2016 ITO, WARD - 1, BEED SHRI ANIL SURYABHAN DHANDE, SWARJYA NAGAR, BARSHI ROAD, BEED - 431122 PAN : ANDPD9083G 2011 - 12 17 2427/PUN/2016 ITO, WARD - 2(3), PUNE SHRI RAMDAS PARASRAM JARANDE, S. NO. 45/3A, MANGAL SMRUTI, SANGAMWADI, KIRKEE, PUNE - 411003 PAN : AAWPJ7204M 2007 - 08 3 ASSESSEE BY : S /S HRI RAHUL KAUL & ANAND PARTANI SL. NO. 1, SMT. DEEPA KHARE SL. NO. 2, SHRI PRAMOD SHINGTE SL. NO. 9, SHRI AJAY AGARWAL FOR SHRI SUNIL GANOO - SL. NO. 11, SMT. NEHA MEHTA SL. NO. 14 , N O N E SL. NOS. 3 TO 8, 10, 12, 13, 15 TO 17 REVENUE BY : SHRI ASHOK BABU / DATE OF HEARING : 13 - 08 - 2018 / DATE OF PRONOUNCEMENT : 13 - 0 8 - 201 8 / ORDER PER BENCH : THESE BUNCH OF APPEALS BY THE REVENUE ARE AGAINST RESPECTIVE ORDERS OF THE COMMISSIONER OF INCOME TAX (APPEALS) FOR THE ASSESSMENT YEAR/S MENTIONED IN THE TITLE AGAINST THE NAME OF EACH OF THE SAID ASSESSEES. ONE OF THE ASSESSEE (M/S. ANKEET COTTAGE INDUSTRIES) HAS FILED CROSS OBJECTIONS IN THE APPEAL FILED BY THE DEPARTMENT. THE IMPUGNED ORDER/S HAVE BEEN PASSED UNDER DIFFERENT SECTION/S OF THE INCOME - TAX ACT, 1961 (IN SHORT THE ACT). THESE BUNCH OF APPEALS FILED BY THE REVENUE RELATING TO DIFFERENT ASSESSEES WERE HEARD TOGETHER AND ARE BEING DISPOSED OF BY THIS CONSOLIDATED ORDER FOR THE SAKE OF CONVENIENCE. 2. THE CBDT VIDE CIRCULAR NO. 3/2018, DATED 11.07.2018 HAS REVISED THE MONETA RY LIMITS FOR FILING OF APPEALS BY THE DEPARTMENT BEFORE THE TRIBUNAL WITH RETROSPECTIVE EFFECT. AS PER THE CIRCULAR (SUPRA), THE MONETARY LIMIT OF TAX EFFECT FOR FILING APPEALS BEFORE THE TRIBUNAL BY THE DEPARTMENT HAS BEEN RAISED TO RS.20 LAKHS. 4 3. THE LEARNED DEPARTMENTAL REPRESENTATIVE HAS FAIRLY STATED THAT TAX EFFECT IN THE CAPTIONED APPEALS IS BELOW THE MONETARY LIMIT OF RS.20 LAKHS. WITHOUT GOING INTO THE MERIT OF THE ISSUES RAISED IN THE CAPTIONED APPEALS, WE FIND THE ADJUDICATION ON MERITS BECOME S AN ACADEMIC EXERCISE AS THESE BUNCH OF APPEALS ARE DEEMED TO BE WITHDRAWN/NOT PRESSED IN ACCORDANCE WITH THE CBDT CIRCULAR DATED 11.07.2018 (SUPRA). BEFORE PARTING, WE CLARIFY HERE THAT THE REVENUE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR RESTO RATION OF APPEAL/S WITH THE REQUISITE MATERIAL INDICATING THAT THE APPEALS ARE PROTECTED BY THE EXCEPTIONS PRESCRIBED IN PARA 10 OF THE CIRCULAR (SUPRA). 4. THE CROSS OBJECTION NO . 07/PUN/2018 AT SL. NO. 7 OF THE LIST, WE FIND THAT THE SAME MERELY SUPPORT S THE ORDER OF CIT(A). SINCE THE APPEALS OF THE REVENUE ARE DISMISSED, THE CORRESPONDING CROSS OBJECTIONS ARE ALSO DISMISSED AS ACADEMIC. 5. IN CONCLUSION, BY APPLYING THE CBDT CIRCULAR DATED 11.07.2018 (SUPRA), THE CAPTIONED APPEALS OF THE REVENUE NUMBERING 17 (16+1) ARE DISMISSED AS WITHDRAWN/NOT PRESSED. 6. IN THE RESULT, ALL THE APPEALS OF THE REVENUE AND CROSS OBJECTIONS BY THE ASSESSEE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT AT THE TIME OF HEARIN G ON MONDAY, THE 13 TH DAY OF AUGUST, 2018. SD/ - SD/ - ( . /D. KARUNAKARA RAO ) ( / VIKAS AWASTHY) / ACCOUNTANT MEMBER / JUDICIAL MEMBER / PUNE; / DATED : 13 TH AUGUST, 2018 RK 5 / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT. 2. / THE RESPONDENT. 3. THE CONCERNED CIT ( A) 4. THE CONCERNED PR. C IT /CIT 5. , , , / DR, ITAT, A BENCH, PUNE. 6. / GUARD FILE. / / // TRUE COPY// / BY ORDER, / PRIVATE SECRETARY, , / ITAT, PUNE