ACIT, Circle - 11(2), Kolkata , Kolkata V. M/s. Polo Setco Tie Up Pvt. Ltd., , Kolkata

ITA 284/KOL/2018

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 3647 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 6 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-08-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2012-2013
• Appeal Filed On: 16-02-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SANDEEP LAKRA
• Assessee Lawyers: SANJAY KR KEJRIWAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: KOLKATA BEFORE: SHRI J. SUDHAKAR REDDY, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER I.T.A NO.284/KOL/2018 (ASSESSMENT YEAR: 2012-13) ACIT, CIR-11(2), KOLKATA APPELLANT VS M/S POLO SETCO TIE UP PVT. LTD. RESPONDENT [PAN: AABCP7880R] FOR THE APPELLANT : SHRI SANDEEP LAKRA, JCIT FOR THE RESPONDENT : SHRI SANJAY KR. KEJRIWAL, AR DATE OF HEARING : 21.08.2019 DATE OF PRONOUNCEMENT : 28.08.2019 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 DINESH MADHAVLAL PATEL & ORS IN ITA NO.1398/AHD/2004 ORDER DATED 14.08.2019, THIS APPEAL IS DISMISSED AS WITHDRAWN IN TERMS OF THE CIRCULAR ISSUED BY THE CBDT MENTIONED HEREINABOVE.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 28.08.2019. SD/- SD/- [J. SUDHAKAR REDDY] [S.S. VISWANETHRA RAVI] ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 28/08/2019 RS, SR.PS 2 I.T.A NO.284/KOL/2018 M/S POLO SETCO TIE UP PVT. LTD. COPY OF ORDER FORWARDED TO: 1. ACIT, CIR 11(2), KOLKATA. 2. M/S POLO SETCO TIE UP PVT. LTD., VISHWAKARMA BUILDING, SOUTH WEST BLOCK, 86C, TOPSIA ROAD, KOLKATA-700046. 3. THE CIT(A) 4. THE CIT 5. DR TRUE COPY, BY ORDER, ASSISTANT REGISTRAR ITAT, KOLKATA