DCIT, C-6(1), Mohali V. Sh. Lakhwinder Singh Panag, Mohali

ITA 297/CHANDI/2018

• Counselvise Citation: [2018] 122 COUNSELVISE.COM (IT) 3931 (ITAT-CHANDIGARH)
• Duration Of Justice: 6 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-10-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2014-2015
• Appeal Filed On: 08-03-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DIVISION BENCHES A, CHANDIGARH BEFORE MS. DIVA SINGH, JUDICIAL MEMBER AND DR. B.R.R.KUMAR, ACCOUNTANT MEMBER ITA NO. 297 /CHD/2018 ASSESSMENT YEAR: 2014-15 THE DCIT, VS SHRI LAKHWINDER SINGH PANAG, CIRCLE 6(1), FLAT NO. 824, HIG PHASE-2, MOHALI. MOHALI. PAN : AMWPP5825A (A PPELLANT) (RESPONDENT) APPELLANT BY : SMT. CHANDERKANTA, SR.DR RESPONDENT BY : NONE DATE OF HEARING : 25.07.2018 DATE OF PRONOUNCEMENT : 03.10. 2018 ORDER PER DIVA SINGH THE PRESENT APPEAL HAS BEEN FILED BY THE REVENUE A SSAILING THE CORRECTNESS OF THE ORDER DATED 29.12.2017 OF CIT(A)-2 CHANDIGARH PERTA INING TO 2014-15 ASSESSMENT YEAR. 2. AT THE TIME OF HEARING, NO ONE WAS PRESENT ON BE HALF OF THE ASSESSEE. THE LD. SR.DR INVITING ATTENTION TO THE DEPARTMENTAL GROUND SUBMI TTED THAT THE REVENUE HAS CHALLENGED THE ADDITION OF RS. 6,18,120/-. THE TAX EFFECT INV OLVED WAS MUCH BELOW THE LIMIT OF RS. 20 LACS AS FIXED BY THE CBDT VIDE CIRCULAR NO.3/2018 D ATED 11.07.2018. ACCORDINGLY, IN VIEW OF THE ABOVE, THE APPEAL OF THE REVENUE IS DIS MISSED ON THE GROUNDS OF LOW TAX EFFECT IN TERMS OF THE AFORESAID CIRCULAR OF THE CBDT BY W HICH THE TAX AUTHORITIES ARE BOUND. THE APPEAL OF THE REVENUE, ACCORDINGLY, IS DISMISSE D AS NOT PRESSED. SAID ORDER WAS PRONOUNCED IN THE OPEN COURT AT THE TIME OF HEARING ITSELF. 3. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 03.10. 2018. SD/- SD/- ( DR.B.R.R.KUMAR) ( D IVA SINGH) ACCOUNTANT MEMBER JUDICIAL MEMBER POONAM COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT 4. THE CIT(A) 5. THE DR ASSTT. REGISTRAR ITAT,CHANDIGARH.