The DCIT, Circle-8, Ahmedabad V. Smt. Sheetal Kaushik Majithia, Ahmedabad

ITA 2925/AHD/2013

• Counselvise Citation: [2017] 130 COUNSELVISE.COM (IT) 9052 (ITAT-AHMEDABAD)
• Duration Of Justice: 3 year(s) 2 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-03-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 28-02-2017
• Assessment Year: 2010-2011
• Appeal Filed On: 11-12-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD D BENCH (BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER & SHRI MAHAVIR PRASAD, JUDICIAL MEMBER) ITA. NO: 2925/AHD/2013 (ASSESSMENT YEAR: 2010-11) DY. COMMISSIONER OF INCOME TAX, CIRCLE-8, AHMEDABAD V/S SMT. SHEETAL KAUSHIK MAJITHIA, C/O. URMIN PRODUCTS PVT. LTD. URMIN HOUSE, BESIDE HOF, NR. SINDHU BHAVAN, S.G. HIGHWAY, AHMEDABAD (APPELLANT) (RESPONDENT) PAN: ACLPM5691A APPELLANT BY : SHRI ASHISH POPHARE, SR. D .R. RESPONDENT BY : SHRI ASEEM THAKKAR, A.R. ( )/ ORDER DATE OF HEARING : 28 -02-201 7 DATE OF PRONOUNCEMENT : 02-03-2017 PER N.K. BILLAIYA, ACCOUNTANT MEMBER: 1. THIS APPEAL BY THE REVENUE IS PREFERRED AGAINST THE ORDER OF THE LD. CIT(A)- XIV, AHMEDABAD DATED 10.09.2013 PERTAINING TO A.Y. 2010-11. ITA NO. 2925 /AHD/2013 . A.Y. 2010-11 2 2. THE ONLY GRIEVANCE OF THE REVENUE IS THAT THE LD. C IT(A) ERRED IN DELETING THE ADDITION OF RS. 10,98,301/- MADE ON ACCOUNT OF INTE REST U/S. 57(III) OF THE ACT. 3. A PERUSAL OF THE AFOREMENTIONED GRIEVANCE OF THE RE VENUE CLEARLY SHOWS THAT THE TAX EFFECT INVOLVED IN THE IMPUGNED APPEAL IS LESS THAN RS. 10 LACS. 4. THIS APPEAL BY THE REVENUE HAS TO BE DISMISSED IN T HE LIGHT OF THE CBDT CIRCULAR NO. 21 OF 2015 DATED 10.12.2015. ACCORDING LY, THE APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON 02 - 03- 20 17 SD/- SD/- (MAHAVIR PRASAD) (N. K. BILLAIYA) JUDICIAL MEMBER TRUE COPY ACCOUNTANT MEMBER AHMEDABAD: DATED 02 /03/2017 RAJESH COPY OF THE ORDER FORWARDED TO: - 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE CIT (APPEALS) 4. THE CIT CONCERNED. 5. THE DR., ITAT, AHMEDABAD. 6. GUARD FILE. BY ORDER DEPUTY/ASSTT.REGISTRAR ITAT,AHME DABAD