DCIT, Circle-4(2), New Delhi V. BKT Tradecon Pvt. Ltd., Delhi

ITA 2722/DEL/2022

• Counselvise Citation: [2023] 102 COUNSELVISE.COM (IT) 0550 (ITAT-DELHI)
• Duration Of Justice: 11 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-11-2023
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 13-11-2023
• Assessment Year: misc
• Appeal Filed On: 17-11-2022
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect; Tax effect

Judgement Text

I.T.A. No. 2722/Del/2022 1 IN THE INCOME TAX APPELLATE TRIBUNAL [ DELHI BENCH “A” : DELHI ] BEFORE SHRI G. S. PANNU, HON’BLE VICE-PRESIDENT A N D SHRI CHALLA NAGENDRA PRASAD, JUDICIAL MEMBER आ.अ.सं/.I.T.A No.2722/Del/2022 िनधाᭅरणवषᭅ/Assessment Years: 2019-20 DCIT, Circle : 4 (2) New Delhi. बनाम Vs. M/s. BKT Tradecon Pvt. Ltd., N-64A, Laxmi Nagar, New Delhi – 110 092. PAN No. AACCB6818L अपीलाथᱮ / Appellant ᮧ᭜यथᱮ/ Respondent िनधाᭅᳯरतीकᳱओरसे /Assessee by : N o n e; राज᭭वकᳱओरसे / Department by : Shri Kanv Bali, Sr. D. R. सुनवाईकᳱतारीख/ Date of hearing : 14/11/2023 उ᳃ोषणाकᳱतारीख/Pronouncement on : 17/11/2023 आदेश / O R D E R PER C. N. PRASAD, J. M. : 1. This appeal is filed by the Revenue against the order of the ld. Commissioner of Income Tax (Appeals) [hereinafter referred to I.T.A. No. 2722/Del/2022 2 CIT (Appeals)]/National Faceless Appeal Centre [NFAC] Delhi, dated 24.09.2022 for assessment year 2019-29. 2. In spite of issue of notice none appeared on behalf of the assessee nor any adjournment was sought. We dispose off the appeal on hearing the ld. DR. 3. At the time of hearing, it is noticed that tax effect involved in this appeal is below the prescribed limit of Rs.50 lakhs, as fixed by the CBDT Circular No.17/2019 dated 8 th August, 2019 wherein the Revenue has been directed not to prefer any appeal in case the tax effect is less than Rs.50,00,000/- and this factual position has been fairly conceded by the learned Senior Departmental Representative. 4. In view of the CBDT Circular No.17/2019 dated 8 th August, 2019, we are of the view that the aforesaid appeal is not maintainable because of low tax effect i.e. less than Rs.50,00,000/-. 5. In the result, the appeal filed by the Revenue, is dismissed being infructuous. Order pronounced in the open court on : 17/11/2023. Sd/- Sd/- ( G. S. PANNU ) ( C. N. PRASAD ) VICE-PRESIDENT JUDICIAL MEMBER Dated : 17/11/2023. *MEHTA* आदेश की Ůितिलिप अŤेिषत / Copy of Order Forwarded to:- 1. आवेदक / Assessee I.T.A. No. 2722/Del/2022 3 2. राजˢ / Revenue 3. संबंिधत आयकर आयुƅ / Concerned CIT 4. आयकर आयुƅ- अपील / CIT (A) 5. िवभागीय Ůितिनिध, आयकर अपीलीय अिधकरण, DELHI / DR, ITAT, DELHI 6. गाडŊ फाइल / Guard file. By order ASSISTANT REGISTRAR ITAT, New Delhi. Date of dictation 14.11.2023 Date on which the typed draft is placed before the dictating Member 15.11.2023 Date on which the typed draft is placed before the Other Member 17.11.2023 Date on which the approved draft comes to the Sr. PS/PS 17.11.2023 Date on which the fair order is placed before the Dictating Member for pronouncement 17.11.2023 Date on which the fair order comes back to the Sr. PS/PS 17.11.2023 Date on which the final order is uploaded on the website of ITAT 17.11.2023 Date on which the file goes to the Bench Clerk 17.11.2023 Date on which the file goes to the Head Clerk The date on which the file goes to the Assistant Registrar for signature on the order Date of dispatch of the Order