ITO, Meerut V. M/s. R K Weaving Industries, New Delhi

ITA 2717/DEL/2016

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 0099 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 10 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-04-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2010-2011
• Appeal Filed On: 12-05-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: N K BANSAL SENIOR
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI BENCH BENCH BENCH BENCH G GG G : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI BEFORE SHRI BEFORE SHRI BEFORE SHRI BEFORE SHRI G.D. AGRAWAL, G.D. AGRAWAL, G.D. AGRAWAL, G.D. AGRAWAL, VICE VICE VICE VICE PRESIDENT PRESIDENT PRESIDENT PRESIDENT AND AND AND AND MS. SUCHITRA KAMBLE MS. SUCHITRA KAMBLE MS. SUCHITRA KAMBLE MS. SUCHITRA KAMBLE, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA ITAITA ITA NO NONO NO . .. . 2717/DEL/2016 2717/DEL/2016 2717/DEL/2016 2717/DEL/2016 ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : 2010 2010 2010 2010 - -- - 11 1111 11 INCOME TAX OFFICER, INCOME TAX OFFICER, INCOME TAX OFFICER, INCOME TAX OFFICER, WARD WARD WARD WARD- -- -2(2), 2(2), 2(2), 2(2), MEERUT. MEERUT. MEERUT. MEERUT. VS. VS. VS. VS. M/S R.K. WEA M/S R.K. WEA M/S R.K. WEA M/S R.K. WEA VING INDUSTRIES, VING INDUSTRIES, VING INDUSTRIES, VING INDUSTRIES, PILOKHERI ROAD, PILOKHERI ROAD, PILOKHERI ROAD, PILOKHERI ROAD, SHYAM NAGAR, SHYAM NAGAR, SHYAM NAGAR, SHYAM NAGAR, MEERUT. MEERUT. MEERUT. MEERUT. PAN : AACFR8404P. PAN : AACFR8404P. PAN : AACFR8404P. PAN : AACFR8404P. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI N.K. BANSAL, SENIOR DR. RESPONDENT BY : SHRI SANJEEV KUMAR. DATE OF HEARING : 01.04.2019 01.04.2019 01.04.2019 01.04.2019 DATE OF PRONOUNCEMENT : 01.04.2019 01.04.2019 01.04.2019 01.04.2019 ORDER ORDER ORDER ORDER PER G.D. AGRAWAL, PER G.D. AGRAWAL, PER G.D. AGRAWAL, PER G.D. AGRAWAL, VICE VICE VICE VICE PRESIDENT PRESIDENT PRESIDENT PRESIDENT : :: :- -- - THIS APPEAL BY THE REVENUE FOR THE ASSESSMENT YEAR 2010-11 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A), MEERU T DATED 17 TH FEBRUARY, 2016. 2. WE FIND THAT IN THE PRESENT CASE, THE TOTAL DISP UTED ADDITION BEFORE THE ITAT BY WAY OF GROUND NO.1 AND 2 IS `54, 25,701/-, ON WHICH THE TAX EFFECT WOULD BE LESS THAN `20 LAKHS. THE C BDT IN ITS CIRCULAR NO.3/2018 DATED 11 TH JULY, 2018 HAS REVISED THE MONETARY LIMIT FOR FILING OF THE DEPARTMENTAL APPEALS TO THE ITAT AT ` 20 LAKHS. ITA-2717/DEL/2016 2 3. IN VIEW OF THE ABOVE POSITION, WE DEEM IT PROPER TO DISMISS THE APPEAL OF THE REVENUE IN THE LIGHT OF THE CIRCULAR NO.3/2018 OF CBDT DATED 11 TH JULY, 2018. 4. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. DECISION PRONOUNCED IN THE OPEN COURT ON 01.04.2019 . SD/- SD/- (SUCHITRA KAMBLE (SUCHITRA KAMBLE (SUCHITRA KAMBLE (SUCHITRA KAMBLE ) )) ) ( (( ( G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL ) )) ) JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER VICE VICE VICE VICE PRESIDENT PRESIDENT PRESIDENT PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : INCOME TAX OFF INCOME TAX OFF INCOME TAX OFF INCOME TAX OFFICER, ICER, ICER, ICER, WARD WARD WARD WARD- -- -2(2), MEERUT. 2(2), MEERUT. 2(2), MEERUT. 2(2), MEERUT. 2. RESPONDENT : M/S R.K. WEAVING INDUSTRIES, M/S R.K. WEAVING INDUSTRIES, M/S R.K. WEAVING INDUSTRIES, M/S R.K. WEAVING INDUSTRIES, PILOKHERI ROAD, SHYAM NAGAR, MEERUT. PILOKHERI ROAD, SHYAM NAGAR, MEERUT. PILOKHERI ROAD, SHYAM NAGAR, MEERUT. PILOKHERI ROAD, SHYAM NAGAR, MEERUT. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR