ACIT, Circle - 36, Kolkata, Kolkata V. Shri Raghvendra Mohta, Kolkata

ITA 2468/KOL/2017

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 6176 (ITAT-KOLKATA)
• Duration Of Justice: 2 year(s) 1 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-02-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 04-02-2020
• Assessment Year: 2014-2015
• Appeal Filed On: 15-12-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RANU BISWAS
• Assessee Lawyers: P J BHIDE
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: KOLKATA BEFORE: SHRI P.M. JAGTAP, VICE PRESIDENT AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER I.T.A NO. 2468/KOL/2017 (ASSESSMENT YEAR: 2014-15) ACIT, CIRCLE 36, KOLKATA APPELLANT VS SHRI RAGHVENDRA MOHTA RESPONDENT [PAN:AJTPM 3146 P] FOR THE REVENUE : SMT. RANU BISWAS, ADDL. CIT FOR THE ASSESSEE : SHRI P.J. BHIDE, FCA DATE OF HEARING : 04.02.2020 DATE OF PRONOUNCEMENT : 06.02.2020 ORDER PER S.S. VISWANETHRA RAVI, JM IN THE ABOVE APPEAL, THE UNDISPUTED FACT IS THAT THE TAX EFFECT IS BELOW THE MONETARY LIMIT OF RS.50,00,000/- FIXED BY THE CBDT VIDE CIRCULAR NO.17/2019, F. NO. 279/MISC. 142/2007-ITJ(PT.), DT. 8 TH AUGUST, 2019. APPLYING THE PROPOSITION OF LAW LAID DOWN BY THE AHMEDABAD A BENCH OF ITAT IN THE CASE OF ITO, WARD-3(2), AHMEDABAD VS. DINESH MADHAVLAL PATEL & ORS IN ITA NO.1398/AHD/2004 ORDER DATED 14.08.2019, THIS APPEAL IS DISMISSED AS WITHDRAWN IN TERMS OF THE CIRCULAR ISSUED BY THE CBDT MENTIONED HEREINABOVE. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 06.02.2020. SD/- SD/- [P.M JAGTAP] [S.S. VISWANETHRA RAVI] VICE-PRESIDENT JUDICIAL MEMBER DATED: 06/02/2020 BISWAJIT, SR.PS 2 I.T.A NO.2468/KOL/2017 SHRI RAGHVENDRA MOHTA COPY OF ORDER FORWARDED TO: 1. ACIT, CIRCLE 36, KOLKATA. 2. SHRI RAGHVENDRA MOHTA, CALCUTTA STOCK EXCHANGE, ROOM NO. 4C, 2 ND FLOOR, 7, LYONS RANGE, KOLKATA 700 001. 3. THE CIT(A) 4. THE CIT 5. DR TRUE COPY, BY ORDER, ASSISTANT REGISTRAR ITAT, KOLKATA