The Deputy Commissioner of Income tax, Jalandhar V. M/s. Lakshmi Enterprises, Jalandhar

ITA 313/ASR/2010

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 4164 (ITAT-AMRITSAR)
• Duration Of Justice: 8 year(s) 4 month(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-10-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 31-10-2018
• Assessment Year: 2003-2004
• Appeal Filed On: 29-06-2010
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: PRABHJO T KAUR LD
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH, AMRIT SAR BEFORE SH. SANJAY ARORA, ACCOUNTANT MEMBER AND SH. N.K.CHOUDHRY, JUDICIAL MEMBER ITA NO.313(ASR)/2010 ASSESSMENT YEAR:2003-04 DY. CIT, RANGE-III, JALANDHAR VS. M/S. LAKSHMI ENTERPRISES, PACCA BAGH, JALANDHAR [PAN:AAAFL 2865Q] (APPELLANT) (RESPONDENT) APPELLANT BY: SMT. PRABHJO T KAUR (LD. CIT-DR) RESPONDENT BY: NONE. DATE OF HEARING: 31.10.2018 DATE OF PRONOUNCEMENT: 31.10.2018 ORDER PER N.K. CHOUDHRY THE INSTANT APPEAL HAS BEEN FILED BY THE REVENUE DEPA RTMENT, ON FEELING AGGRIEVED AGAINST THE ORDER DATED 24.03.201 0 PASSED BY THE LD. CIT(A)-JALANDHAR, U/S 250(6) OF THE I.T. ACT, 1961 ( HEREINAFTER CALLED AS THE ACT). 2. AT THE TIME OF HEARING, IT IS SEEN THAT THE TAX EFF ECT INVOLVED IN THIS APPEAL OF THE REVENUE DEPARTMENT IS LESS THAN RS.20 LACS, HENCE, THE PRESENT APPEAL FILED BY THE REVENUE DEPARTMENT IS LIA BLE TO BE DISMISSED, AS THE SAME IS NOT MAINTAINABLE, IN VIEW OF THE LATEST C BDT INSTRUCTION NO.03 OF 2018, DATED 11.07.2018. 3. THE LD. DR ALSO AGREED THAT THE TAX EFFECT IN THIS AP PEAL IS LESS THAN RS.20 LACS. HENCE, AS PER CBDT INSTRUCTION NO. 03 OF 2018, DATED 11 TH JULY,