Income Tax Officer-Ward-1(1),Asansol, Asansol V. Shri Dipak Kapur, Burdwan

ITA 2705/KOL/2013

• Counselvise Citation: [2015] 140 COUNSELVISE.COM (IT) 100288 (ITAT-KOLKATA)
• Duration Of Justice: 2 year(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-12-2015
• Appeal Filed By: Department
• Bench Allotted: C
• Assessment Year: 2008-2009
• Appeal Filed On: 04-12-2013
• Court: TRIBUNAL
• Keywords: Audit objection; Tax effect
• Section: 115JB; 147

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH: KOL KATA [BEFORE SHRI WASEEM AHMED, AM & SHRI S.S.VISWANETH RA RAVI, JM] ITA NO. &A.Y. (1) REVENUE/REP. BY (2) V S 3 ASSESSEE/PAN/REP. BY (4) QUANTUM INVOLVED(RS.) (5) TAX EFFECT INVOLVED (RS.) (6) 2705/KOL/2013 AY. 2008-09 ITO,WD-1(1), ASANSOL REP. BY SHRI A.K.SINHA, JCIT SHRI DIPAK KAPUR, AFCPK0797D REP. BY NONE, FATEHPUR HOUSE, PO.SITARAMPUR, DISTT.BURDWAN(WB)- 713304. 15,06,991/- 5,12,377/- 2708/KOL/2013 AY. 2008-09 ITO, WD-35(1), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SHRI PRAKASH SHAH ALLPS1756F REP. BY NONE, C/O MAHAVIR TOOLS CORPORATION, 11, CLIVE ROW, SUITE NO.3, GROUND FLOOR, KOLKATA-700001. 12,43,237/- 4,22,700/- 1321/KOL/2014 AY. 2008-09 DCIT, CIR-10, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S KHOSLA ELECTRONICS (P)LTD. AABCK9715C, REP. BY NONE 15/2B, SANKARI PARA ROAD, KOLKATA- 700025. 25,70,616/- 8,74,009/- 1354/KOL/2014 AY. 2008-09 ITO, WD-1(2), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. NORTH BROOK JUTE CO.LTD. AABCN5589P, REP BY NONE, 6, BRABOURNE ROAD, KOLKATA-700001. 25,55,151/- 8,68,751/- 1418/KOL/2014 AY. 2009-10 ITO, WD-1(2),DURGAPUR REP. BY SHRI A.K.SINHA, JCIT M/S. NEW SEN SUPPLIERS AAEFN9901H , REP. BY SHRI SOMNATH GHOSH, ADVOCATE GURUDWARA ROAD, BENACHITY, DURGAPUR-713213, DIST. BURDWAN. 15,82,850/- 5,38,169/- 2130/KOL/2013 AY. 2006-07 DCIT, CIR-3, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. KUNAL EXPORTS PVT. LTD. AABCK1529Q, REP. BY NONE 85, METCALFE STREET, 3 RD FLOOR, KOLKATA- 700013. 3,19,860/- 1,08,752/- 110/KOL/2015 AY. 2012-13 DCIT, CENTRAL CIRCLE- 4(3), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S SHIVA LOKENATH RICE MILLS (P)LTD, AAHCS6376B, REP. BY SHRI SUBASH AGARWAL, ADVOCATE, ROOM NO.THANA ROAD, GANGARAMPUR, DAKSHIN DINAJPUR- 733124. 14,27,245/- 4,85,263/- 825/KOL/2015 AY. 2010-11 DCIT, CIR.1(2),KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. WINRO COMMERCIAL INDIA LTD., AAACW2748Q, REP. BY SHRI SUBASH AGARWAL, ADVOCATE, 15, C.R.AVENUE, 4 TH FLOOR, KOLKATA-700072. 15,82,444/- 5,38,031/- 509/KOL/2014 AY. 2005-06 I.T.O.,WD.1(2), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S POPULAR ROAD CARRIES (P)LTD., AABCP6050B, REP. BY NONE, 2, N.C.DUTTA SARANI, KOLKATA-700001. 21,80,748/- 7,41,454/- 1430/KOL/2014 AY. 2010-11 DCIT,CENTRAL CIRCLE- XXVII, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. RAV DRAVYA PRIVATE LIMITED AABCR3154Q, REP. BY NONE, 7C, KIRAN SHANKAR RAY ROAD, HASTINGS CHAMBER, DALHOUSIE, KOLKATA-700001. 20,34,260/- 6,91,648/- 1351/KOL/2014 AY. 2009-10 ITO, WD-2(1), DURGAPUR REP. BY SHRI A.K.SINHA, JCIT SHRI SANJAY KUMAR BURMAN AHJPB4222H, REP. BY NONE PROP: THE POWER ENGINEERING CORPORATION, LAKSHMI NIWAS, ANANDNAGAR, BHIRINGHEE, DURGAPUR- 713213. 14,46,580/- 4,91,837/- C.O.NO.90/KOL/. 2014 A/O ITA NO.1351/KOL/20 14 SHRI SANJAY KUMAR BURMAN AHJPB4222H, REP. BY NONE PROP: THE POWER ENGINEERING CORPORATION, LAKSHMI NIWAS, ITO, WD-2(1), DURGAPUR REP. BY SHRI A.K.SINHA, JCIT 2 2 ANANDNAGAR, BHIRINGHEE, DURGAPUR-713213. 1280/KOL/2013 AY. 2008-09 ITO, WD-31(1),KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. GITA ENTERPRISES, AADFG9404C REP. BY NONE, R.NO.211A, KAMALALAYA CENTRE, 156, LENIN SARANI, KOLKATA- 700013. 17,52,690/- 5,95,915/- 1306/KOL/2014 AY. 2008-09 ITO, WD-11(4),KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. SUPREME EMBROIDERY PVT. LTD FORMERLY SUPREME EMBROIDERY LTD. AAGCS4403A, REP. BY NONE, 86, CANNING STREET, 1/40, RAMPURIA MARKET, 1 ST FLOOR, KOLKATA-700001. 11,23,260/- 3,81,908/- 427/KOL/2014 AY. 2004-05 ACIT,CIR.42, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. C&C CONSULTING FIRM, AADFC2151M, REP. BY NONE, STEPHEN COURT, 18A, PARK ST., 6 TH FLOOR, KOLKATA-700071. 1,81,576/- 61,736/- 2178/KOL/2013 AY. 2007-08 ITO, WD-44(4),KOLKATA REP. BY SHRI A.K.SINHA, JCIT SHRI VIJAY KUMAR BILOTIA, AEBPB4563N, REP. BY NONE, 51, NALINI SETT ROAD, 2 ND FLOOR, KOLKATA-700007. 11,33,343/- 3,74,292/- 1330/KOL/2015 AY. 2008-09 ITO, WD-43(1),KOLKATA REP. BY SHRI A.K.SINHA, JCIT SRI BIJAY SHANKAR HALWASIYA AAQPH4752A, REP. BY SHRI SUNIL SURANA, 1B, HALWASIYA ROAD, KOLKATA- 700007. 21,61,052/- 7,33,618/- 727/KOL/2014 AY. 2009-10 DCIT, C.CIR-XVII, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. ELECTRICAL MANUFACTURING PVT. LTD. AAACE7582J, REP. BY NONE, 139/B, B.T.ROAD, KAMARHATI. 21,95,282/- 7,46,396/- 2188/KOL/2014 AY 2006-07 ITO,WD-2(3), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S HAPPY E ZONE LTD. AABCH1755M REP. BY SHRI S.S.GUPTA, FCA 21, CAMAC STREET, HAPPY HOUSE, 7 TH FLOOR, KOLKATA-700016. 23,11,798/- 7,86,011/- 1303/KOL/2012 AY 2006-07 ITO,WD-3(3), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. GCD CREDIT PVT. LTD., AABCG2542D REP. BY SHRI S.S.GUPTA, FCA 29B, RABINDRA SARANI, 3 RD FLOOR, KOLKATA-700073. 13,88,987/- 4,72,256/- 1308/KOL/2012 AY. 2009-10 CO.NO.881/KOL/ 2012 A/O ITA NO.1308/KOL/20 12 DCIT, CIR-2, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. VISHNU SOLUTIONS PVT. LTD. AABCV1738L REP. BY SHRI D.K.KOTHARI, FCA, C-3/3, GILLANDER HOUSE, 8, N.S.ROAD, KOLKATA- 700001. M/S. VISHNU SOLUTIONS PVT. LTD. AABCV1738L REP. BY SHRI D.K.KOTHARI, FCA, C-3/3, GILLANDER HOUSE, 8, N.S.ROAD, KOLKATA-700001. DCIT, CIR-2, KOLKATA REP. BY SHRI A.K.SINHA, JCIT BOOK PROFIT 31,99,761/- 3,29,575/- 731/KOL/2010 AY. 2005-06 ACIT,CIR-7, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. SOUTH CITY PROJECTS (KOLKATA) LTD., AAACD8933A REP. BY SHRI D.K.KOTHARI, FCA, 375, PRINCE ANWAR SHAH ROAD, KOLKATA-700068. 49,74,117/- TAX U/S 111A OF THE ACT. 5,20,044/- 1303/KOL/2009 AY. 2001-02 ACIT, CIR-5, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. OBEROI BUILDINGS & INVESTMENTS (P)LTD., AAACO2860R REP. BY SHRI ADIM CHOUDHURY, ADVOCATE, 4, MANGOE LANE, KOLKATA- 700001. 7,25,638/- 2,17691/- 1304/KOL/2009 AY. 2002-03 ACIT, CIR-5, KOLKATA REP. BY SHRI A.K.SINHA, M/S. OBEROI BUILDINGS & INVESTMENTS (P)LTD., AAACO2860R 7,07,838/- 2,12,351/- 3 3 JCIT REP. BY SHRI ASIM CHOUDHURY, ADVOCATE, 4, MANGOE LANE, KOLKATA- 700001. 1305/KOL/2009 AY. 2003-04 ACIT, CIR-5, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. OBEROI BUILDINGS & INVESTMENTS (P)LTD., AAACO2860R REP. BY SHRI ASIM CHOUDHURY, ADVOCATE, 4, MANGOE LANE, KOLKATA- 700001. 9,34,410/- 2,80,323/- 1306/KOL/2009 AY. 2004-05 ACIT, CIR-5, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. OBEROI BUILDINGS & INVESTMENTS (P)LTD., AAACO2860R REP. BY SHRI ASIM CHOUDHURY, ADVOCATE, 4, MANGOE LANE, KOLKATA- 700001. 6,54,204/- 1,96,261/- 2749/KOL/2013 AY. 1998-99 ITO, WD-35(3), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SMT. KUSUM SULTANIA, AKPPS2921R REP. BY SHRI SUBASH AGARWAL, ADVOCATE, 9, OLD CHINA BAZAR STREET OR 14, N.S.ROAD, 1 ST FLOOR, KOLKATA- 700001. 18,25,200/- 6,20,568/- 2711/K/2013 AY. 2008-09 ACIT, CIR-3, ASANSOL REP. BY SHRI A.K.SINHA, JCIT PAWAN KUMAR KEJRIWAL AFDPK0880N REP. BY NONE, 61, N.S.B.ROAD, RANIGANJ-713347. 17,65,072/- 6,00,124/- 137/KOL/2014 AY. 2009-10 ITO, (E)-11, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. VIDYA BHARATI SOCIETY FOR EDUCATION AND SCIENTIFIC ADVANCEMENT, AAATV2139H, REP. BY NONE, 44/2, DIAMOND HARBOUR ROAD, KOLKATA-700027. 20,50,000/- 6,97,000/- 2842/KOL/2013 AY. 2009-10 ITO, WD-30(3), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. SAHA ALANKAR, ABCFS2376L REP. BY NONE, 20B, BALLYGUNGE PLACE (EAST), KOLKATA-700019. 23,39,535/- 7,95,442/- 413/KOL/2014 AY 2003-04 DCIT, CIR-8, KOLKATA, REP. BY SHRI A.K.SINHA, JCIT MD.NAIMUDDIN, AEUPM7154L REP. BY NONE, 9, MITRA LANE, KOLKATA- 700007. 2,07,489/- 70,546/- 414/KOL/2014 AY 2006-07 DCIT, CIR-8, KOLKATA, REP. BY SHRI A.K.SINHA, JCIT MD.NAIMUDDIN, AEUPM7154L REP. BY NONE, 9, MITRA LANE, KOLKATA- 700007. 22,81,459/- 7,75,696/- 227/KOL/2014 AY. 2004-05 ITO, WD-9(4),KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. SUBHREKHA VYAPAAR PVT. LTD., AADCS8327A, REP. BY SHRI SUBASH AGARWAL, ADVOCATE, 6, HANSPUKUR LANE, 1 ST FLOOR,KOLKATA-700007. 20,89,360/- 7,10,382/- 1194/KOL/2015 AY. 2002-03 ITO, WD-32(2),KOLKATA REP. BY SHRI A.K.SINHA, JCIT SK. QUMRU ALAM, ACXPA0900G REP. BY NONE, 23, MARQUIS STREET, FLAT NO.5E&F, MARQUIS PLAZA, KOLKATA- 700016. 13,97,460/- 4,75,198/- 927/KOL/2015 AY. 2010-11 ITO,WD-1(3), BURDWAN REP. BY SHRI A.K.SINHA, JCIT SHRI RAJ NARAYAN DHAR (DECEASED) L/H SANCHITA DHAR, ACSPD6292M REP. BY NONE, KATCHARI ROAD, KATWA, DIST. BURDWAN-712130. 24,33,936/- 8,27,538/- 1845/KOL/2014 AY 2010-11 ITO,WD-33(2),KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. A.K.PAUL & CO., AAIFA1220C REP. BY NONE, 550/4, D.H.ROAD, KOLKATA-700034. 14,19,206/- 4,82,530/- 1376/KOL/2014 AY 2009-10 DCIT, CIR.MALDA, MALDA REP. BY SHRI A.K.SINHA, JCIT MD.RINTU SHEKE, AZRPS3628N REP. BY NONE, PO-JADUPUR, PS- KALIACHAK, DIST.MALDA PIN:732201. 18,40,127/- 6,25,643/- 2184/KOL/2013 AY 2007-08 ITO, WD-48(2), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SHRI RATAN PAL SINGH, ATZPS6772M REP. BY NONE, 30/31, BELILIOUS ROAD, HOWRAH-711101. 14,52,000/- 4,93,680/- 639/KOL/2014 AY 2009-10 ACIT, CIR-31, KOLKATA. REP. BY SHRI A.K.SINHA, JCIT HARSHAD H.MODI AEAPM8485M REP. BY NONE, 7/7A, CHAKRABERIA ROAD (NORTH), KOLKATA-700020. 10,50,000/- 3,57,000/- 1262/KOL/2015 AY 2010-11 ACIT, CIR.33, KOLKATA REP. BY SHRI A.K.SINHA, M/S. R.M.SINHA AND CO. AADFR2826E 17,33,275/- 5,89,314/- 4 4 JCIT REP. BY NONE, 19, NELI SENGUPTA SARANI, NEW MARKET, KOLKATA-700087. 394/KOL/2014 AY 2008-09 DCIT, CC-XII, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. AKSHARA PARK CONSORTIUM, AAAAA8911F, REP. BY NONE, 35, KAVI SABITRI PRASANNA CHATTOPADHYAY ROAD, KOLKATA-700026. 30,900/- 1,05,060/- 392/KOL/2015 AY 2010-11 ITO, WD-1(4), JALPAIGURI REP. BY SHRI A.K.SINHA, JCIT M/S. SARKAR CONSTRUCTION CO., AAMFS0067P, REP. BY SHRI SUBASH AGARWAL, ADVOCATE, BAMANPARA, JALPAIGURI-735101. 23,58,885/- 7,28,895/- 1135/KOL/2013 AY 2008-09 ACIT, CIRCLE-1, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. ARDHENDU MONDAL AAFFA0353H REP. BY NONE, KALIBAZAR, P.O., DIST. BURDWAN, PIN CODE:713101. RELEASE 1132/KOL/2013 AY 2008-09 ITO,WD-12(3), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. RATNABALI COMMODITIES PVT. LTD. AAACU3187F REP. BY NONE, 7&8, 4 TH FLOOR, FMC FORTUNA, 234/3A, A.J.C.BOSE ROAD, KOLKATA-700020. 27,76,960/- 9,44,166/- 911/KOL/2015 ITO,WD-12(1), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. DALIA INVESTMENT PVT. LTD. AABCD0139M REP. BY NONE, 34/2A, BALLYGUNGE CIRCULAR ROAD, KOLKATA-700019. 27,46,427/- 9,33,785/- 365/KOL/2015 AY 2005-06 ITO,WD-38(2), MIDNAPORE REP. BY SHRI A.K.SINHA, JCIT DINABANDHU GHOSH, AHHPG6996M REP. BY NONE, PROP. OF GOPENANDINI TRADING RANGAMATI, PO-VIDYASAGAR UNIVERSITY, PS-KOTWALI, PASCHIM MIDNAPORE. 14,57,608/- 4,95,587/- 1723/KOL/2014 AY 2006-07 ITO,WD-1(3), HOOGHLY REP. BY SHRI A.K.SINHA, JCIT GURMIT SINGH, ATEPS3871Q REP. BY NONE, PROP. OF M/S. CLASSIC MOTORS, 137, GT ROAD, MANICKTOLA, SERAMPORE, DIST. HOOGHLY-712201. 25,60,714/- 8,70,643/- 411/KOL/2015 AY 2008-09 ITO,WD-2(1), SILIGURI REP. BY SHRI A.K.SINHA, JCIT MAGNUM CEMENT (P)LTD., AAFCM2746M REP. BY NONE, 453, BIDHAN ROAD, SILIGURI-734001. 25,25,000/- 8,58,500/- 1165/KOL/2014 AY 2005-06 ITO,WD-1(4), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. SANJAY KUMAR JAIN, ACPPJ2614J REP. BY NONE, 4, CHANDNI CHOWK STREET, KOLKATA-700072. 12,64,724/- 4,30,006/- 488/KOL/2015 2005-06 ITO, WD-47(2), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SK.ZAKIR HOSSSAIN, AASPH0756L REP. BY NONE, VILL POST: GABBERIA (MALLIK BAGAN), P.S.-PANCHLA, HOWRAH- 711302. 26,54,840/- 9,02,645/- 963/KOL/2015 AY 2008-09 ACIT, CIR.30, KOLKATA REP. BY SHRI A.K.SINHA, JCIT SHRI SUBHAS CHAKRABORTY ABVPC5657P REP. BY NONE, 5F, 34, BALLYGUNJE CIRCULAR ROAD, KOLKATA-700019. 28,08,243/- 9,54,803/- 1411/KOL/2013 AY 2007-08 ITO,WD-45(3), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SRI DIPANKAR DEY. ADTPD4007A REP. BY NONE, 2, DIGAMBAR JAIN TEMPLE ROAD, KOLKATA-700007. 11,46,039/- 3,89,653/- 1456/KOL/2013 AY 2006-07 ACIT, CIR-2, ASANSOL. REP. BY SHRI A.K.SINHA, JCIT SHRI SUNIL KUMAR, AERPK9341R REP. BY NONE, DHADKA ROAD, ASANSOL, DIST.-BURDWAN (WB). 28,02,407/- 9,52,818/- 471/KOL/2015 AY 2011-12 ITO, WD-1(3),JALPAIGURI REP. BY SHRI A.K.SINHA, JCIT PAHARIMATA ROLLER FLOUR MILLS(P)LTD. AACCP8545Q, REP. BY NONE, EAST DHANTALA, P.O.SATELLITE TOWNSHIP, FULBARI, DIST. JALPAIGURI. 13,73,086/- 4,66,849/- 2770/KOL/2013 AY 2010-11 DCIT, CIR-4, KOLKATA. REP. BY SHRI A.K.SINHA, JCIT M/S. BHUWALKA TRADING & TEA CO.(P)LTD. AABCB1367K REP. BY NONE, 9/1, MIDDLETON ROW, KOLKATA-700071. 19,35,410/- 6,58,039/- 5 5 230/KOL/2015 AY 2010-11 DCIT, CENTRAL CIRCLE- 2(3), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. RUPA & CO.LTD., AABCR2648M REP. BY SHRI AMIT KUMAR, ACA, 1, HO CHI MINH SARANI, KOLKATA- 700071. 16,25,775/- 5,41,925/- IT(SS)NO.41/K/ 2014 AY 2010-11 DCIT, CENTRAL CIRCLE-X, KOLKATA. REP. BY SHRI A.K.SINHA, JCIT M/S. ACA EDUTECH LTD. AAGCA9451L REP. BY NONE, AE-326, SALT LAKE CITY, KOLKATA-64. 5,12,149/- PENALTY 5,12,149/- 1506/KOL/2014 AY 2009-10 ITO, WD-1(1), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SHRI SHIV SHANKAR SHAW, ALQPS7979H REP. BY NONE, 144/45, J.N.MUKHERJEE ROAD, GHUSURI, HOWRAH-711107. 9,78,957/- 3,32,845/- 2043/KOL/2014 AY 2006-07 ITO, WD-11(4), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. CIMSYS REASEARCH INDIA PVT. LTD. AABCC2581L, REP. BY SHRI S.P.CHOUDHURY, ADVOCATE, 56D, MIRZA GHALIB STREET, KOLKATA-700016. 12,93,382/- 4,35,353/- 1723/KOL/2013 AY 2005-06 ITO, WD-3(1), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. TOP TEN AGENT PVT. LTD., AAACT9530B REP. BY NONE, 37B, GARCHA ROAD, KOLKATA-700019. 20,00,000/- 6,80,000/- 1724/KOL/2013 AY 2006-07 ITO, WD-3(1), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. TOP TEN AGENT PVT. LTD., AAACT9530B REP. BY NONE, 37B, GARCHA ROAD, KOLKATA-700019. 5,00,000/- 1,70,000/- 1528/KOL/2014 AY 2011-12 ACIT, CIRCLE-1, SILIGURI REP. BY SHRI A.K.SINHA, JCIT M/S. M/S. DURGA AUTOMOTIVE (P)LTD. AABCD7913K REP. BY SHRI SUBASH AGARWAL, ADVOCATE, T.N.ROAD, DAGAPUR, SILIGURI. 18,52,300/- 5,72,361/- IT(SS)A.NO.92/ KOL/2013 AY 2008-09 DCIT, CENTRAL CIRCLE-X, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. CHEKSONS BROKING CO.(P)LTD., AABCC2135J REP. BY NONE, 8A, BALLYGUNJE CIRCULAR ROAD, KOLKATA-19. 7,81,770/- PENALTY 7,81,770/- 2274/KOL/2013 AY 2007-08 DCIT, CIRCLE-9, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. RITONA VINIMAY PVT. LTD. AABCR6288H REP. BY SHRI V.N.PUROHIT, FCA, 21, HEMANTA KR.BASU SARANI, 2 ND FLOOR, SUIT NO.204, KOLKATA-700001. 20,32,698/- 6,91,117/- 1883/KOL/2013 AY 2009-10 ITO, WD-1(1), ASANSOL REP. BY SHRI A.K.SINHA, JCIT SHRI KAMAL AKHTAR, AFLPA9241F REP. BY NONE, MANNAT HOUSE, MANBERIA, P.O.BARAKAR, DIST.BURDWAN- 713324. 23,55,159/- 8,00,754/- 1650/KOL/2013 AY 2006-07 ITO, WD-2(1), ASANSOL REP. BY SHRI A.K.SINHA, JCIT SMT.BHASWATI GANGULY AENPG5976N REP. BY NONE, C/O GANGULY TRADERS, S.B.GORAI ROAD & M.N.SAHA ROAD, JUNCTION ASANSOL. 16,56,174/- 5,63,099/- 598/KOL/2014 AY 2011-12 DCIT, CC-XXVII, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. RAV DRAVYA PVT. LTD. AABCR3154Q REP. BY NONE, 7C, KIRAN SANKAR ROY ROAD, HASTINGS CHAMBER, DALHOUSIE, KOLKATA-700001. 26,41,652/- 8,98,162/- 51/KOL/2015 AY 2010-11 DCIT, CIR.2, DURGAPUR. REP. BY SHRI A.K.SINHA, JCIT S.B.CONSTRUCTION, ABKFS3207N REP. BY SHRI S.P.CHOUDHURY, ADVOCATE, PALASDIHA, NEAR SCHOOL GATE, DURGAPUR-713208. 17,04,500/- 5,26,690/- 653/KOL/2014 AY 2006-07 ITO, WD-33(2), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SHRI ASHIM CHATTERJEE ACSPC6637K REP. BY NONE, BANKIMPALLY, MADHYAMGRAM, 24-PARGANAS(NORTH)- 700129. 13,75,045/- 4,67,515/- 636/KOL/2014 AY 2008-09 DCIT, CIRCLE-32, KOLKATA M/S. IMPRESSIONS, AAAFI6767Q REP. BY NONE, 7, CAMAC STREET, 15,46,221/- 5,25,715/- 6 6 REP. BY SHRI A.K.SINHA, JCIT KOLKATA-700017. 137/KOL/2015 AY 2010-11 ITO, WD-33(4), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. SPML HCIL JV, AADAS1471P REP. BY NONE, BLOCK-A , 3 RD FLOOR, 22, CAMAC STREET, KOLKATA-700016. 18,67,215/- 5,676,971/- 1324/KOL/2014 AY 1997-98 DCIT, CIR.11, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. EPCOS INDIA PVT. LTD. AAACI6950Q REP. BY NONE, 37B, GARCHA ROAD, KOLKATA-700019. 12,81,433/- 4,35,687/- IT(SS)A.NO.143 /KOL/2014 B/P 1991-92 TO 2001-02 & 01.04.2000 TO 20.08.2000 DCIT, CIR.11, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. BHASIN CONSTRUCITON CO.PVT. LTD. AABCB0361M, REP. BY NONE, ROOM NO.24&25, 10, OLD POST OFFICE STREET, KOLKATA-700001. 10,00,000/- 3,40,000/- 973/KOL/2015 AY 2011-12 DCIT, CIR.14(2), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SCAN INFRASTRUCTURE LTD. AACCB3214C REP. BY NONE, 21/A/5, NEW TOWN, RAJARHAT. 24,24,439/- 8,24,309/- 1007/KOL/2015 AY 2010-11 DCIT, CIR.2(1), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. MACHINE TOOLS (INDIA)LTD., AABCM9740R, REP. BY NONE, 56A, MIRZA GHALIB STREET, KOLKATA- 700016. 18,29,660/- 6,22,084/- 214/KOL/2014 AY 2005-06 ACIT, CIR.1, ASANSOL REP. BY SHRI A.K.SINHA, JCIT ARVIND SINGH, AQLPS4088F REP. BY NONE, KALIPAHARI BYE PASS, P.O.KALIPAHARI DIST. BURDWAN. 25,04,281/- 8,51,456/- 1605/KOL/2014 AY 2008-09 DCIT, CIR.7, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. TARA PROPERTIES PVT. LTD. AABCT2219G REP. BY NONE, 13, RAJKAMAL BUILDING, CAMAC STREET, KOLKATA-700017. 17,89,513/- 6,08,434/- 210/KOL/2014 AY 2008-09 ITO, WD-3(1),ASANSOL REP. BY SHRI A.K.SINHA, JCIT M/S. MAHESH KHEDWAL (HUF), PROP. OF M/S. FATEHPURIA ROADWAYS, AAGHM2319L, REP. BY NONE, 54, G.T.ROAD, PUNJABI MORE, RANIGANJ, DIS.BURDWAN (WB). 13,15,000/- 4,47,100/- 738/KOL/2014 AY 2003-04 DCIT, CIR.1, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. IPSEN TECHNOLOGIEWS (P)LTD. (FORMERLY WESMAN ISPSEN FURNACES (P)LTD.], AAACW2570Q, REP. BY NONE, WESMAN CENTRE, 8, MAYFAIR ROAD, KOLKATA-700019. 9,47,640/- 3,22,1`98/- 1098/KOL/2015 AY 1986-87 ITO, WD.50(3), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SHRI ANJAN KR. MITRA, AEOPM4525Q, REP. BY NONE, AB-28, SECTOR-I, SALT LAKE CITY, KOLKATA-700064. 21,51,715/- 7,31,583/- 119/KOL/2014 AY 2006-07 ITO, WD.12(4), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SNOW TEMP COMMERCIAL (P)LTD., AADCS7999G, REP. BY NONE, 18, PRINCE ANWAR SHAH ROAD, 1 ST FLOOR, FLAT NO.101, KOLKATA-700033. 12,49,542/- 3,62,926/- 1249/KOL/2014 AY 2008-09 ITO, WD-1(1), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. FOLLOWEL ENGINEERING LIMITED, AAACF3644E, REP. BY SHRI J.M.THARD, ADVOCATE, 4, CLIVE ROW, HASTING, KOLKATA-700022. 52,14,600/- @10% U/S 115JB 5,21,460/- 670/KOL/2015 AY 2010-11 ITO, WD.1(3), ASANSOL REP. BY SHRI A.K.SINHA, JCIT VIRESH TRIVEDI ADMPT5380P, REP. BY NONE, PROP. OF M/S. BENGAL INDUSTRIAL STORES, HANUMAN CHARAI, P.O.BARAKAR, DIST. BURDWAN, PIN:713324. 24,78,596/- 8,42,723/- 1350/KOL/2013 AY 2006-07 DCIT, CIR.1, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. TIL LTD., AABCT0704G, REP. BY SHRI SHASHANK KASAT, 1, TARATALA ROAD, KOLKATA-700024 16,30,600/- 5,54,404/- 1704/KOL/2014 AY 2007-08 ACIT, CIR.HALDIA, MEDINIPUR. REP. BY SHRI A.K.SINHA, JCIT SHYAMA PRASAD BANERJEE PROP.LAXMI TRADING CO., AEVPB9487M, REP. BY NONE, PROP.LAXMI TRADING CO., PANA GIRISHMORE, DOROJOYNAGAR, HALDIA, 14,14,900/- 4,81,066/- 7 7 PURBA MEDINIPUR-721635. 442/KOL/2014 AY 2008-09 ITO,WD-1(4), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S.DIGVIJAY FINLEASE LTD. AAACD6998D, REP. BY NONE, 21, STRAND ROAD, KOLKATA-700001. 45,73,923/- 7,28,267/- 2631/KOL/2013 AY 2004-05 ITO,WD-41(4), KOLKATA REP. BY SHRI A.K.SINHA, JCIT DILIP KUMAR BISWAS, ADGPB9692J REP. BY NONE, ALAKANANDA, 18/C, SOUTH KODALIA, NEW BARRACKPORE, 24 PARGANAS (N). 14,11,495/- 4,79,908/- 2694/KOL/2013 AY 2008-09 ACIT, CIR.31, KOLKATA REP. BY SHRI A.K.SINHA, JCIT RASHMI P.LOYALKA ABBPL0120E, REP. BY NONE, 2 ND FLOOR, ROOM NO.15, 29, R.N.MUKHERJEE ROAD, KOLKATA- 700001. 9,05,161/- 3,07,754/- 2353/KOL/2013 AY 2004-05 ITO, WD.3(2), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. S.K.CARBON LTD., AADCS8414Q REP. BY NONE, 77/2A, HAZRA ROAD, KOLKATA-700059. 79,172/- 26,918/- 2825/KOL/2013 AY 2007-08 ACIT, CIR.39, KOLKATA REP. BY SHRI A.K.SINHA, JCIT MR.SEVANTILAL A.SHAH, ALRPS6815M REP. BY NONE, 19D, BOWBAZAR STREET, KOLKATA-700012. 13,59,917/- 4,62,372/- 1691/KOL/2014 AY 2010-11 ITO., WARD-2, MALDA REP. BY SHRI A.K.SINHA, JCIT MANOJ KUMAR DEY, S/O MANI GOPAL DEY AETPD1945A REP. BY NONE, GAZOLE(NEAR POST OFFICE), MALDA, PO & DIST.MALDA, PIN:732124. 28,13,105/- 9,56,458/- 2164/KOL/2014 AY 2005-06 ITO, WD.43(1), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SHRI ASHOK KUMAR GUPTA (L/H OF LATE KAMALA DEVI AGARWAL) ADNPG3903A REP. BY NONE, C/O M/S. OMNI IMPEX, 113A, MANOHAR DAS CHOWK, KOLKATA- 700007. 2,96,723/- PENALTY 2,96,723/- 2165/KOL/2014 AY 2005-06 ITO, WD.43(1), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SHRI ASHOK KUMAR GUPTA (L/H OF LATE KAMALA DEVI AGARWAL) ADNPG3903A REP. BY NONE, C/O M/S. OMNI IMPEX, 113A, MANOHAR DAS CHOWK, KOLKATA- 700007. 2,94,785/- PENALTY 2,94,785/- 1899/KOL/2014 AY 2010-11 ITO, WD.41(1), KOLKATA REP. BY SHRI A.K.SINHA, JCIT KRISHNENDU MULLICK AEWPM5454J, REP. BY SHRI SUNIL SURANA, ADVOCATE, SRI KRISHNENDU MULLICK, 96, BHUPEN BOSE AVENUE, KOLKATA-700004. 27,76,254/- 5,47,515/- 2393/KOL/2013 AY 2006-07 ITO, WD.39(4), KOLKATA REP. BY SHRI A.K.SINHA, JCIT SHRI ANAND KUMAR GUPTA AGBPG2010K, REP. BY NONE, 18, RABINDRA SARANI, KOLKATA-700001. 4,64,519/- PENALTY 4,64,519/- 2388/KOL/2013 AY 2010-11 DCIT, CC-XVI, KOLKATA REP. BY SHRI A.K.SINHA, JCIT SHRI RAM MULTICOM PVT. LTD., AAECS5277N REP. BY SHRI NIRAJ SHETH, ACA, SHANTINIKETAN BUILDING, 9 TH FLOOR, 8, CAMAC STREET, KOLKATA- 700017. 12,63,017/- 4,29,426/- 456/KOL/2015 AY 2005-06 ITO, WD.7(3), KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. SHREE BANKE BEHARI ENTERPRISES PVT. LTD., AADCS6941C REP. BY NONE, 17, SHAKESPEARE SARANI, KOLKATA-700017. 20,81,106/- 7,07,576/- 676/KOL/2015 AY 2011-12 ITO, WD.2(2), SILIGURI REP. BY SHRI A.K.SINHA, JCIT SHRI RAM KUMAR GOYAL, AHBPG3262G , REP. BY NONE, C/O DINESH STEEL, SARALIA MARKET, SHIVAJI ROAD, KHALPARA, SILIGURI-734005. 15,15,270/- 5,15,192/- 1017/KOL/2015 AY 2009-10 DCIT, CC-3(2), KOLKATA REP. BY SHRI A.K.SINHA, JCIT NARESH KR.CHHAPARIA, ACQPC9136K REP. BY SHRI NIRAV SETH, ACA, 13, K.B.SARANI, MALL ENCLAVE, KOLKATA- 700032. 8,10,095/- PENALTY 8,10,095/- 203/KOL/2014 AY 2006-07 DCIT, CIR.2, KOLKATA REP. BY SHRI A.K.SINHA, JCIT M/S. ECO PROPERTIES PVT. LTD., AACCP7920R, REP. BY SHRI V.N.PUROHIT, FCA, AJIMGANJ HOUSE, 7, CAMAC STREET, KOLKATA-700017. 12,78,605/- 4,34,726/- 8 8 DATE OF HEARING: 29.12.2015 DATE OF PRONOUNCEMENT: 29.12.2015 ORDER PER BENCH THESE APPEALS OF THE REVENUE ARISE OUT OF THE VARIO US ORDERS OF THE LEARNED CIT(A) AGAINST THE ORDERS OF ASSESSMENT FRAMED U/S 147 / 1 43(3) / 144 OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO AS THE ACT). 2. AT THE OUTSET, IT IS SEEN THAT THE TAX EFFECT O N THE DISPUTED ADDITIONS BEFORE US IS LESS THAN RS. 10 LACS. AS THE TAX EFFECT IN ALL THESE APPEALS ARE LESS THAN RS 10 LACS (AS MENTIONED IN COLUMN NO. 6), THESE APPEALS ARE TAKEN UP TOGETHER AND DISPOSED OFF BY THIS COMMON ORDER FOR THE SAKE OF CONVENIENCE. 3. AFTER PERUSING THE MATERIALS AVAILABLE ON RECOR D, IN ALL THESE APPEALS, IT IS SEEN FROM THE RECORDS THAT THE TOTAL TAX EFFECT IN EACH OF THE AP PEALS, ON THE ADDITIONS DISPUTED BEFORE US IS BELOW THE TAX EFFECT LIMIT PRESCRIBED BY CBDT VIDE CIRCULAR NO. 21 / 2015 DATED 10.12.2015 FOR PREFERRING APPEALS BEFORE TRIBUNAL BY THE REVENUE. IT WILL BE PERTINENT TO REPRODUCE THE RELEVANT PORTION OF THE SAID CIRCULAR NO. 21 / 2015 DATED 10 .12.2015:- 3. HENCEFORTH, APPEALS / SLPS SHALL NOT BE FILED I N CASES WHERE THE TAX EFFECT DOES NOT EXCEED THE MONETARY LIMITS GIVEN HEREUNDER:- S.NO. APPEALS IN INCOME TAX MATTERS MONETARY LIMIT (IN RS) 1 BEFORE APPELLATE TRIBUNAL 10,00,000/- 2 BEFORE HIGH COURT 20,00,000/- 3 BEFORE SUPREME COURT 25,00,000/- IT IS CLARIFIED THAT AN APPEAL SHOULD NOT BE FILED MERELY BECAUSE THE TAX EFFECT IN A CASE EXCEEDS THE MONETARY LIMITS PRESCRIBED ABOVE. FILING OF APPEAL IN SUCH CASES IS TO BE DECIDED ON MERITS OF THE CASE. 4. FOR THIS PURPOSE, TAX EFFECT MEANS THE DIFFERE NCE BETWEEN THE TAX ON THE TOTAL INCOME ASSESSED AND THE TAX THAT WOULD HAVE BEEN CHARGEABLE HAD SUC H TOTAL INCOME BEEN REDUCED BY THE AMOUNT OF INCOME IN RESPECT OF THE ISSUES AGAINST WHICH APPEA L IS INTENDED TO BE FILED (HEREINAFTER REFERRED TO AS DISPUTED ISSUES). HOWEVER, THE TAX WILL NOT INCLUDE ANY INTEREST THEREON, EXCEPT WHERE CHARGEABILITY OF INTEREST ITSELF IS IN DISPUTE. IN CASE THE CHARGEABILITY OF INTEREST IS THE ISSUE UN DER DISPUTE, THE AMOUNT OF INTEREST SHALL BE THE TAX EF FECT. IN CASES WHERE RETURNED LOSS IS REDUCED OR ASSESSED AS INCOME, THE TAX EFFECT WOULD INCLUDE NO TIONAL TAX ON DISPUTED ADDITIONS. IN CASE OF PENALTY ORDERS, THE TAX EFFECT WILL MEAN QUANTUM O F PENALTY DELETED OR REDUCED IN THE ORDER TO BE APPEALED AGAINST. 5. THE ASSESSING OFFICER SHALL CALCULATE THE TAX EF FECT SEPARATELY FOR EVERY ASSESSMENT YEAR IN RESPECT OF THE DISPUTED ISSUES IN THE CASE OF EVERY ASSESSEE. IF, IN THE CASE OF AN ASSESSEE, THE DISPUTED ISSUES ARISE IN MORE THAN ONE ASSESSMENT Y EAR , APPEAL, CAN BE FILED IN RESPECT OF SUCH 9 9 ASSESSMENT YEAR OR YEARS IN WHICH THE TAX EFFECT IN RESPECT OF THE DISPUTED ISSUES EXCEEDS THE MONETARY LIMIT SPECIFIED IN PARA 3. NO APPEAL SHA LL BE FILED IN RESPECT OF AN ASSESSMENT YEAR OR YEARS IN WHICH THE TAX EFFECT IS LESS THAN THE MONE TARY LIMIT SPECIFIED IN PARA 3. IN OTHER WORDS, HENCEFORTH, APPEALS CAN BE FILED ONLY WITH REFERENC E TO THE TAX EFFECT IN THE RELEVANT ASSESSMENT YEAR. HOWEVER, IN CASE OF A COMPOSITE ORDER OF AN Y HIGH COURT OR APPELLATE AUTHORITY, WHICH INVOLVES MORE THAN ONE ASSESSMENT YEAR AND COMMON I SSUES IN MORE THAN ONE ASSESSMENT YEAR, APPEAL SHALL BE FILED IN RESPECT OF ALL SUCH ASSESS MENT YEARS EVEN IF THE TAX EFFECT IS LESS THAN TH E PRESCRIBED MONETARY LIMITS IN ANY OF THE YEAR(S), I F IT IS DECIDED TO FILE APPEAL IN RESPECT OF THE YEAR(S) IN WHICH TAX EFFECT EXCEEDS THE MONETARY LIMIT PRESCRIBED. IN CASE WHERE A COMPOSITE ORDER / JUDGEMENT INVOLVES MORE THAN ONE ASSESSEE, EACH ASSESSEE SHALL BE DEALT WITH SEPARATELY. 8. ADVERSE JUDGEMENTS RELATING TO THE FOLLOWING ISS UES SHOULD BE CONTESTED ON MERITS NOTWITHSTANDING THAT THE TAX EFFECT ENTAILED IS LES S THAN THE MONETARY LIMITS SPECIFIED IN PARA 3 ABOVE OR THERE IS NO TAX EFFECT: (A) WHERE THE CONSTITUTIONAL VALIDITY OF THE PROVISIONS OF AN ACT OR RULE ARE UNDER CHALLENGE, OR (B) WHERE BOARDS ORDER, NOTIFICATION, INSTRUCTION OR C IRCULAR HAS BEEN HELD TO BE ILLEGAL OR ULTRA VIRES, OR (C) WHERE REVENUE AUDIT OBJECTION IN THE CASE HAS BEEN ACCEPTED BY THE DEPARTMENT, OR (D) WHERE THE ADDITION RELATES TO UNDISCLOSED FOREIGN A SSETS / BANK ACCOUNTS. 10. THIS INSTRUCTION WILL APPLY RETROSPECTIVELY TO PENDING APPEALS AND APPEALS TO BE FILED HENCEFORTH IN HIGH COURTS/ TRIBUNALS. PENDING APPE ALS BELOW THE SPECIFIED TAX LIMITS IN PARA 3 ABOVE MAY BE WITHDRAWN / NOT PRESSED. APPEALS BEFO RE THE SUPREME COURT WILL BE GOVERNED BY THE INSTRUCTIONS ON THIS SUBJECT, OPERATIVE AT THE TIME WHEN SUCH APPEAL WAS FILED. 4. WE FIND THAT INTENTION BEHIND THE CIRCULAR NO.21 /2015 DATED 10-12-2015 NEEDS TO BE UNDERSTOOD IN THE FOLLOWING PERSPECTIVE:- BY PASSAGE OF TIME, THE MONEY VALUE HAS GONE DOWN, THE COST OF LITIGATION EXPENSES HAS GONE UP, NUMBER OF ASSESSES ON THE FILES OF THE DE PARTMENT HAVE BEEN INCREASED AND CONSEQUENTLY, THE BURDEN ON THE DEPARTMENT IS ALSO INCREASED TO A TREMENDOUS EXTENT. THE CORRIDORS OF THE SUPERIOR COURTS ARE CHOKED WITH HU GE PENDENCY OF CASES. IN THIS VIEW OF THE MATTER, THE CBDT HAS RIGHTLY TAKEN A DECISIO N TO REVISE THE MONETARY LIMITS IN TUNE WITH THE PRESENT VALUE OF MONEY AND WITH A VIEW TO REDUCE THE LITIGATION AND OFFERING RELIEF TO SMALL TAX PAYERS. THIS IS ALSO IN VIEW O F THE FACT THAT TIME AND ENERGY OF THE DEPARTMENT COULD BE USED MORE PRODUCTIVELY AND EFF ICIENTLY TO CATCH HOLD OF BIG FISHES, WHO IN TURN WOULD CONTRIBUTE MORE TO THE DEVELOPMEN T OF THE COUNTRY. 5. ON PERUSAL OF THE CIRCULAR NO. 21 / 2015 DATED 1 0.12.2015 AND THE MATERIALS AVAILABLE ON RECORD, WE COULD NOT SEE WHETHER THE IMPUGNED CASE FALLS UNDER ANY OF THE EXCEPTIONS CONTEMPLATED IN THE SAID CIRCULAR. WE ALSO FIND TH AT THE CIRCULAR MAKES IT VERY CLEAR THAT THE REVISED MONETARY LIMITS SHALL APPLY RETROSPECTIVELY TO PENDING APPEALS ALSO. WE FIND THAT THE CIRCULAR IS BINDING ON THE TAX AUTHORITIES. THIS PO SITION HAS BEEN CONFIRMED BY THE HONBLE APEX 10 10 COURT IN THE CASE OF COMMISSIONER OF CUSTOMS VS IND IAN OIL CORPORATION LTD REPORTED IN 267 ITR 272 (SC) WHEREIN THEIR LORDSHIPS EXAMINED THE EARLIER DECIS IONS OF THE APEX COURT WITH REGARD TO BINDING NATURE OF THE CIRCULARS AND LAID DOWN THAT WHEN A CIRCULAR ISSUED BY THE BOARD REMAINS IN OPERATION THEN THE REVENUE IS BOUND BY I T AND CANNOT BE ALLOWED TO PLEAD THAT IT IS NOT VALID OR THAT IT IS CONTRARY TO THE TERMS OF THE ST ATUTE. HENCE, WE HOLD THAT THE APPEAL(S) OF THE REVENUE DESERVE TO BE DISMISSED IN TERMS OF LOW TAX EFFECT VIDE CIRCULAR NO.21 / 2015 DATED 10.12.2015. ACCORDINGLY, THESE BEING A LOW TAX EFF ECT CASE, WE DISMISS ALL THE APPEALS OF REVENUE IN LIMINE, AS UNADMITTED, WITHOUT GOING INT O THE MERITS OF THE CASE. 6. SINCE REVENUE APPEAL IN ITA NO.1351/KOL/2014 AND 1308/KOL/2012 ARE DISMISSED AS UNADMITTED, THE C.O RAISED BY ASSESSEE IN CO NO.90/ KOL/2014 AND CO.881/KOL/2012 ARE ALSO DISMISSED AS INFRUCTUOUS. HOWEVER, ASSESSEE CAN FI LE APPEAL AGAINST THE RETAINED ADDITION AS PER THE PROVISIONS OF LAW. 7. AT THE TIME OF HEARING THE LD. DR COULD NOT BRI NG ANYTHING TO CONTROVERT THE FINDING THAT THE TAX EFFECT IS MORE THAN RS.10 LACS DESPITE OF O PPORTUNITY PROVIDED TO HIM. 8. IN THE RESULT, ALL THE APPEALS OF THE REVENUE AR E DISMISSED INLIMINE AND THAT OF THE CO OF THE ASSESSEE IS ALSO DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- (S.S.VISWANETHRA RAVI) (WASEEM AHMED) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED : 29TH DECEMBER, 2015 RG. P.S COPY OF THE ORDER FORWARDED TO: 1. APPELLANT 2 RESPONDENT 3. THE CIT(A), KOLKATA 4. 5. CIT KOLKATA DR, KOLKATA BENCHES, KOLKATA / TRUE COPY, BY ORDER, ASSTT. REGISTRAR .