DCIT, Circle-5(1), Kolkata, Kolkata V. M/S. Somany Ceramics Ltd. ( Formerly known as SPL Ltd.), Kolkata

ITA 2444/KOL/2017

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 1256 (ITAT-KOLKATA)
• Duration Of Justice: 8 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-09-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2003-2004
• Appeal Filed On: 11-12-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M K BISWAS
• Assessee Lawyers: P K SANGHAI
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH D, KOLKATA BEFORE SH. J.SUDHAKAR REDDY, ACCOUNTANT MEMBER AND SH. S.S.VISWANETHRA RAVI, JUDICIAL MEMBER ITA NO.2444/KOL/2017 [ASSESSMENT YEAR: 2003-04] APPELLANT BY SH.M.K.BISWAS, ADDL. CIT RESPONDENT BY SH.P.K.SANGHAI, FCA DATE OF HEARING 06.09.2018 DATE OF PRONOUNCEMENT 06.09.2018 ORDER PER S.S. VISWANETHRA RAVI, JUDICIAL MEMBER THIS APPEAL FILED BY THE REVENUE AGAINST THE ORDER DATED 02.06.2017 PASSED BY CIT(A)-2, KOLKATA FOR AY 2003-04. 2. IN THE RELEVANT 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.0279/MISC.142/2007-ITJ(PT), DATED 11 TH JULY, 2018. 3. AS MANDATED BY THIS ABOVE REFERRED CIRCULAR NO.3/2018, THE APPEAL OF THE REVENUE IS DISMISSED AS WITHDRAWN. 4. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 06.09.2018. SD/- SD/- (J.SUDHAKAR REDDY) (S.S.VISWANETHRA RAVI) ACCOUNTANT MEMBER JUDICIAL MEMBER DATE:- 06.09.2018 *AMIT KUMAR* DCIT, CIRCLE-5(1), P-7, CHOWRINGHEE SQUARE, KOLKATA-700069. VS M/S. SOMANY CERAMICS LTD., 2, RED CROSS PLACE, KOLKATA-700001 . PAN-AAECS0763K (APPELLANT) (RESPONDENT) ITA NO.2444/KOL/2017 [ASSESSMENT YEAR: 2003-04] PAGE | 2 COPY FORWARDED TO: 1. APPELLANT- DCIT, CIRCLE-5(1), P-7, CHOWRINGHEE SQUARE, KOLKATA- 700069. 2. RESPONDENT- M/S. SOMANY CERAMICS LTD., 2, RED CROSS PLACE, KOLKATA- 700001. 3. CIT-KOLKATA 4. CIT(APPEALS)-KOLKATA 5. DR: ITAT -KOLKATA BENCHES SR.P.S./H.O.O ITAT, KOLKATA