Assistant Commissioner of Income tax, V. The Sindhudurg District Co-op Bank Ltd, Sindhudurg

ITA 2870/PUN/2016

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 3924 (ITAT-PUNE)
• Duration Of Justice: 4 year(s) 2 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-03-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 01-03-2021
• Assessment Year: 2011-2012
• Appeal Filed On: 16-12-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: S P WALIMBE
• Assessee Lawyers: N O N E
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, J UDICIAL MEMBER . / ITA NO. 2 870 /PUN/201 6 / ASSESSMENT YEAR : 20 11 - 12 ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE 2, KOLHAPUR ....... / APPELLANT / V/S. THE SINDHUDURG DISTRICT CO - OP. BANK LTD., A/P. : SINDHUDURGNAGRI, ORAS, TAL. - KUDAL, SINDHUDURG 416812 PAN : AABAT4262F / RESPONDENT ASSESSEE BY : N O N E REVENUE BY : SHRI S .P. WALIMBE / DATE OF HEARING : 01 - 03 - 2021 / DATE OF PRONOUNCEMENT : 01 - 03 - 2021 / ORDER PER S.S. VISWANETHRA RAVI, JM : THIS APPEAL BY THE REVENUE AGAINST THE ORDER DATED 06 - 10 - 2016 PASSED BY THE COMMISSIONER OF INCOME TAX (APPEALS) - 2, KOLHAPUR [CIT(A)] FOR ASSESSMENT YEAR 20 11 - 12. 2 ITA NO . 2 870/PUN/2016, A.Y. 2011 - 12 2. ADMITTEDLY, THE TAX EFFECT INVOLVED IN THIS APPEAL IS BELOW MONETARY LIMIT FIXED BY THE CBDT CIRCULAR VIDE ITS LATEST CIRCULAR NO. 17/2019, DATED 08 - 08 - 2019. THUS, GROUNDS RAISED BY TH E REVENUE FAIL AND THE APPEAL IS NOT MAINTAINABLE. THEREFORE, THE APPEAL OF REVENUE IS DISMISSED AS WITHDRAWN IN TERMS OF CBDT CIRCULAR MENTIONED HERE - IN - ABOVE. 3. IN THE RESULT, THE APPEAL OF REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COUR T ON 1 ST MARCH, 2021. SD/ - SD/ - ( INTURI RAMA RAO ) ( S.S. VISWANETHRA RAVI ) ACCOUNTANT MEMBER JUDICIAL MEMBER / PUNE; / DATED : 1 ST MARCH, 2021. RK / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT. 2. / THE RESPONDENT. 3. THE CIT(A) - 2, KOLHAPUR 4. THE PR. CIT - II, KOLHAPUR 5. , , , / DR, ITAT, A BENCH, PUNE. 6. / GUARD FILE. // // TRUE COPY// / BY ORDER, / PRIVATE SECRETARY, , / ITAT, PUNE