DCIT (TDS), Noida V. M/s. Greater Noida Industrial Development Authority, Uttar Pradesh

ITA 3196/DEL/2014

• Counselvise Citation: 319620114 RSA 2014
• Duration Of Justice: 1 year(s) 6 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-12-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: misc
• Appeal Filed On: 23-05-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RAVI JAIN
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI BENCH BENCH BENCH BENCH A AA A : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI BEFORE SHRI BEFORE SHRI BEFORE SHRI BEFORE SHRI G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT AND AND AND AND SMT. DIVA SINGH SMT. DIVA SINGH SMT. DIVA SINGH SMT. DIVA SINGH, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA/C.O.NO. ITA/C.O.NO. ITA/C.O.NO. ITA/C.O.NO. APPELLANT APPELLANT APPELLANT APPELLANT RESPONDENT RESPONDENT RESPONDENT RESPONDENT ASSESSMENT ASSESSMENT ASSESSMENT ASSESSMENT YEAR YEAR YEAR YEAR 2061/DEL/2014 2061/DEL/2014 2061/DEL/2014 2061/DEL/2014 & C.O. NO. & C.O. NO. & C.O. NO. & C.O. NO. 15/DEL/2015 15/DEL/2015 15/DEL/2015 15/DEL/2015 ITO, ITO, ITO, ITO, WARD WARD WARD WARD- -- -25(3), 25(3), 25(3), 25(3), NEW NEW NEW NEW DELHI. DELHI. DELHI. DELHI. SHRI GHAN SHYAM GOYAL, SHRI GHAN SHYAM GOYAL, SHRI GHAN SHYAM GOYAL, SHRI GHAN SHYAM GOYAL, 301/1 301/1 301/1 301/1- -- -D, NEHRU NAGAR, D, NEHRU NAGAR, D, NEHRU NAGAR, D, NEHRU NAGAR, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 008 110 008 110 008 110 008. .. . PAN : AIAPG1365N. PAN : AIAPG1365N. PAN : AIAPG1365N. PAN : AIAPG1365N. 2005 2005 2005 2005 - -- - 06 0606 06 2100/DEL/2014 2100/DEL/2014 2100/DEL/2014 2100/DEL/2014 ITO, ITO, ITO, ITO, WARD WARD WARD WARD- -- -26(3), 26(3), 26(3), 26(3), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. SMT. SUSHILA SHOKEEN, SMT. SUSHILA SHOKEEN, SMT. SUSHILA SHOKEEN, SMT. SUSHILA SHOKEEN, R/O 105, GROUND FLOOR, R/O 105, GROUND FLOOR, R/O 105, GROUND FLOOR, R/O 105, GROUND FLOOR, SECTOR SECTOR SECTOR SECTOR- -- -17, POCKET 17, POCKET 17, POCKET 17, POCKET- -- -D, D,D, D, DWARKA, DWARKA, DWARKA, DWARKA, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 075. 110 075. 110 075. 110 075. PAN : BMCPS1599F. PAN : BMCPS1599F. PAN : BMCPS1599F. PAN : BMCPS1599F. 2009 2009 2009 2009 - -- - 10 1010 10 2113/DEL/2014 2113/DEL/2014 2113/DEL/2014 2113/DEL/2014 ITO, ITO, ITO, ITO, WARD WARD WARD WARD- -- -8(1), 8(1), 8(1), 8(1), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. M/S SGE ADVISORS (INDIA) M/S SGE ADVISORS (INDIA) M/S SGE ADVISORS (INDIA) M/S SGE ADVISORS (INDIA) PVT.LTD., PVT.LTD., PVT.LTD., PVT.LTD., (FORMERLY KNOWN AS SUNCAP (FORMERLY KNOWN AS SUNCAP (FORMERLY KNOWN AS SUNCAP (FORMERLY KNOWN AS SUNCAP FINANCIAL ADVISORY SERVICES FINANCIAL ADVISORY SERVICES FINANCIAL ADVISORY SERVICES FINANCIAL ADVISORY SERVICES (INDIA) PVT.LTD.), (INDIA) PVT.LTD.), (INDIA) PVT.LTD.), (INDIA) PVT.LTD.), 9 99 9 TH THTH TH FLOOR, MERIDIAN FLOOR, MERIDIAN FLOOR, MERIDIAN FLOOR, MERIDIAN COMMERCIAL TOWER, COMMERCIAL TOWER, COMMERCIAL TOWER, COMMERCIAL TOWER, RAISANA ROAD, RAISANA ROAD, RAISANA ROAD, RAISANA ROAD, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 001. 110 001. 110 001. 110 001. PAN : AAACS8138C. PAN : AAACS8138C. PAN : AAACS8138C. PAN : AAACS8138C. 2004 2004 2004 2004 - -- - 0 00 0 5 55 5 2269/DEL/2014 2269/DEL/2014 2269/DEL/2014 2269/DEL/2014 ITO, ITO, ITO, ITO, WARD WARD WARD WARD- -- -23 2323 23( (( (2 22 2), ),), ), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. SHRI KHAZAN SINGH SHRI KHAZAN SINGH SHRI KHAZAN SINGH SHRI KHAZAN SINGH AGGARWAL, AGGARWAL, AGGARWAL, AGGARWAL, E EE E- -- -15, GREATER KAILASH PART 15, GREATER KAILASH PART 15, GREATER KAILASH PART 15, GREATER KAILASH PART- -- -II, II,II, II, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 048. 110 048. 110 048. 110 048. PAN : AACPA0617P. PAN : AACPA0617P. PAN : AACPA0617P. PAN : AACPA0617P. 2000 2000 2000 2000 - -- - 01 0101 01 3108/DEL/2014 3108/DEL/2014 3108/DEL/2014 3108/DEL/2014 DCIT, DCIT, DCIT, DCIT, CIRCLE CIRCLE CIRCLE CIRCLE- -- -14(1), 14(1), 14(1), 14(1), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. M/S PURVANCHAL CONSTRUCTION M/S PURVANCHAL CONSTRUCTION M/S PURVANCHAL CONSTRUCTION M/S PURVANCHAL CONSTRUCTION WORKS PVT.LTD., WORKS PVT.LTD., WORKS PVT.LTD., WORKS PVT.LTD., LSC, A LSC, A LSC, A LSC, A- -- -7, 2 7, 2 7, 2 7, 2 ND NDND ND FLOOR, FLOOR, FLOOR, FLOOR, PURVANCHAL PLAZA, PURVANCHAL PLAZA, PURVANCHAL PLAZA, PURVANCHAL PLAZA, MAYUR VIHAR, MAYUR VIHAR, MAYUR VIHAR, MAYUR VIHAR, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 091. 110 091. 110 091. 110 091. PAN : AAACP4848A. PAN : AAACP4848A. PAN : AAACP4848A. PAN : AAACP4848A. 2007 2007 2007 2007 - -- - 08 0808 08 2770/DEL/2014 2770/DEL/2014 2770/DEL/2014 2770/DEL/2014 DCIT, DCIT, DCIT, DCIT, CIRCLE CIRCLE CIRCLE CIRCLE- -- -42(1), 42(1), 42(1), 42(1), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. MS. NANDANI KOCHAR, MS. NANDANI KOCHAR, MS. NANDANI KOCHAR, MS. NANDANI KOCHAR, 1, PASCHIMI MARG, 1, PASCHIMI MARG, 1, PASCHIMI MARG, 1, PASCHIMI MARG, VASANT VIHAR, VASANT VIHAR, VASANT VIHAR, VASANT VIHAR, NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. PAN : AALPK5294M. PAN : AALPK5294M. PAN : AALPK5294M. PAN : AALPK5294M. 2006 2006 2006 2006 - -- - 07 0707 07 3196/DEL/2014 3196/DEL/2014 3196/DEL/2014 3196/DEL/2014 DCIT DCIT DCIT DCIT - -- - TDS, TDS, TDS, TDS, NOIDA. NOIDA. NOIDA. NOIDA. M/S M/S M/S M/S GREATER NOIDA INDUSTRIAL GREATER NOIDA INDUSTRIAL GREATER NOIDA INDUSTRIAL GREATER NOIDA INDUSTRIAL DEVELOPMENT AUTHORITY, DEVELOPMENT AUTHORITY, DEVELOPMENT AUTHORITY, DEVELOPMENT AUTHORITY, H HH H- -- -169, SECTOR GAMMA, 169, SECTOR GAMMA, 169, SECTOR GAMMA, 169, SECTOR GAMMA, GREATER NOIDA. GREATER NOIDA. GREATER NOIDA. GREATER NOIDA. PAN : MRTGO0443C. PAN : MRTGO0443C. PAN : MRTGO0443C. PAN : MRTGO0443C. 2009 2009 2009 2009 - -- - 10 1010 10 2 3084/DEL/2014 3084/DEL/2014 3084/DEL/2014 3084/DEL/2014 AND AND AND AND 3085/DEL/2014 3085/DEL/2014 3085/DEL/2014 3085/DEL/2014 ACIT, ACIT, ACIT, ACIT, CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE- -- - 17 1717 17, ,, , NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. SHRI SHRUTI CHOUDHARI, SHRI SHRUTI CHOUDHARI, SHRI SHRUTI CHOUDHARI, SHRI SHRUTI CHOUDHARI, 223, SUKHDEV VIHAR, 223, SUKHDEV VIHAR, 223, SUKHDEV VIHAR, 223, SUKHDEV VIHAR, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 025. 110 025. 110 025. 110 025. PAN : AFAPC PAN : AFAPC PAN : AFAPC PAN : AFAPC3187K. 3187K. 3187K. 3187K. 2002 2002 2002 2002 - -- - 03 & 03 & 03 & 03 & 2005 2005 2005 2005- -- -06 0606 06 3081/DEL/2014 3081/DEL/2014 3081/DEL/2014 3081/DEL/2014 ITO, ITO, ITO, ITO, WARD WARD WARD WARD- -- -2, 2,2, 2, BHIWANI. BHIWANI. BHIWANI. BHIWANI. M/S P.P. LAKRA FILLING M/S P.P. LAKRA FILLING M/S P.P. LAKRA FILLING M/S P.P. LAKRA FILLING STATION, STATION, STATION, STATION, MAHENDERGARH ROAD, MAHENDERGARH ROAD, MAHENDERGARH ROAD, MAHENDERGARH ROAD, CHARKHI DADRI. CHARKHI DADRI. CHARKHI DADRI. CHARKHI DADRI. PAN : AAGFP4570N. PAN : AAGFP4570N. PAN : AAGFP4570N. PAN : AAGFP4570N. 2010 2010 2010 2010 - -- - 11 1111 11 3578/DEL/2014 3578/DEL/2014 3578/DEL/2014 3578/DEL/2014 DCIT, DCIT, DCIT, DCIT, CIRCLE CIRCLE CIRCLE CIRCLE- -- -11(1), 11(1), 11(1), 11(1), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. M/S INTERNATIONAL CARS & M/S INTERNATIONAL CARS & M/S INTERNATIONAL CARS & M/S INTERNATIONAL CARS & MOTORS LTD., MOTORS LTD., MOTORS LTD., MOTORS LTD., SONALIKA HOUSE, SONALIKA HOUSE, SONALIKA HOUSE, SONALIKA HOUSE, 28 2828 283, AGCR ENCLAVE, 3, AGCR ENCLAVE, 3, AGCR ENCLAVE, 3, AGCR ENCLAVE, KARKARDOOMA, KARKARDOOMA, KARKARDOOMA, KARKARDOOMA, DELHI DELHI DELHI DELHI 110 092. 110 092. 110 092. 110 092. PAN : AABCI2403D. PAN : AABCI2403D. PAN : AABCI2403D. PAN : AABCI2403D. 2009 2009 2009 2009 - -- - 10 1010 10 2749/DEL/2014 2749/DEL/2014 2749/DEL/2014 2749/DEL/2014 ITO, ITO, ITO, ITO, WARD WARD WARD WARD- -- -35(4), 35(4), 35(4), 35(4), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. M/S HANUMANT BUILDERS AND M/S HANUMANT BUILDERS AND M/S HANUMANT BUILDERS AND M/S HANUMANT BUILDERS AND LAND DEVELOPERS, LAND DEVELOPERS, LAND DEVELOPERS, LAND DEVELOPERS, D DD D- -- -112, VIVEK VIHAR, 112, VIVEK VIHAR, 112, VIVEK VIHAR, 112, VIVEK VIHAR, DELHI DELHI DELHI DELHI 110 092. 110 092. 110 092. 110 092. PAN : AAEFH1486P. PAN : AAEFH1486P. PAN : AAEFH1486P. PAN : AAEFH1486P. 2009 2009 2009 2009 - -- - 10 1010 10 2784/DEL/2014 2784/DEL/2014 2784/DEL/2014 2784/DEL/2014 ITO, ITO, ITO, ITO, WARD WARD WARD WARD- -- -12(1), 12(1), 12(1), 12(1), NE NENE NEW DELHI. W DELHI. W DELHI. W DELHI. M/S GENEX FOODS PVT.LTD., M/S GENEX FOODS PVT.LTD., M/S GENEX FOODS PVT.LTD., M/S GENEX FOODS PVT.LTD., A AA A- -- -28, 28, 28, 28, SWASTHAY VIHAR, SWASTHAY VIHAR, SWASTHAY VIHAR, SWASTHAY VIHAR, DELHI DELHI DELHI DELHI 110 092. 110 092. 110 092. 110 092. PAN : AABCG5132D. PAN : AABCG5132D. PAN : AABCG5132D. PAN : AABCG5132D. 2005 2005 2005 2005 - -- - 06 0606 06 2751/DEL/2014 2751/DEL/2014 2751/DEL/2014 2751/DEL/2014 ITO, ITO, ITO, ITO, WARD WARD WARD WARD- -- -32(1), 32(1), 32(1), 32(1), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. SHRI JINDU RAM ARORA, SHRI JINDU RAM ARORA, SHRI JINDU RAM ARORA, SHRI JINDU RAM ARORA, 15, JAGAN NATH MARKET, 15, JAGAN NATH MARKET, 15, JAGAN NATH MARKET, 15, JAGAN NATH MARKET, ASHRAM, ASHRAM, ASHRAM, ASHRAM, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 015. 110 015. 110 015. 110 015. PAN : PAN : PAN : PAN : AAHPA4218R. AAHPA4218R. AAHPA4218R. AAHPA4218R. 2008 2008 2008 2008 - -- - 09 0909 09 2855/DEL/201 2855/DEL/201 2855/DEL/201 2855/DEL/201 4 44 4 ITO, ITO, ITO, ITO, WARD WARD WARD WARD- -- -12(3), 12(3), 12(3), 12(3), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. M/S HEMKUNT STEEL & WIRES M/S HEMKUNT STEEL & WIRES M/S HEMKUNT STEEL & WIRES M/S HEMKUNT STEEL & WIRES PVT.LTD., PVT.LTD., PVT.LTD., PVT.LTD., 207, GROUND FLOOR, 207, GROUND FLOOR, 207, GROUND FLOOR, 207, GROUND FLOOR, 87, ZAMROODPUR, 87, ZAMROODPUR, 87, ZAMROODPUR, 87, ZAMROODPUR, GREATER KAILASH GREATER KAILASH GREATER KAILASH GREATER KAILASH- -- -I, I,I, I, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 048. 110 048. 110 048. 110 048. PAN : AAACH0006L. PAN : AAACH0006L. PAN : AAACH0006L. PAN : AAACH0006L. 2009 2009 2009 2009 - -- - 10 1010 10 2761/DEL/2014 2761/DEL/2014 2761/DEL/2014 2761/DEL/2014 ACIT, ACIT, ACIT, ACIT, CIRCLE CIRCLE CIRCLE CIRCLE- -- -24(1), 24(1), 24(1), 24(1), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. M/S SARA INVESTMENTS, M/S SARA INVESTMENTS, M/S SARA INVESTMENTS, M/S SARA INVESTMENTS, E EE E- -- -30, ANAND NIKETAN, 30, ANAND NIKETAN, 30, ANAND NIKETAN, 30, ANAND NIKETAN, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 049. 110 049. 110 049. 110 049. PAN : ABJFS2721C. PAN : ABJFS2721C. PAN : ABJFS2721C. PAN : ABJFS2721C. 2009 2009 2009 2009 - -- - 10 1010 10 2779/DEL/2014 2779/DEL/2014 2779/DEL/2014 2779/DEL/2014 ITO (TDS), ITO (TDS), ITO (TDS), ITO (TDS), MORADABAD. MORADABAD. MORADABAD. MORADABAD. M/S LIFE INSURANCE M/S LIFE INSURANCE M/S LIFE INSURANCE M/S LIFE INSURANCE CORPORATION OF INDIA, CORPORATION OF INDIA, CORPORATION OF INDIA, CORPORATION OF INDIA, CIVIL LINES, CIVIL LINES, CIVIL LINES, CIVIL LINES, RAMPUR. RAMPUR. RAMPUR. RAMPUR. PAN : LKNLO5208A. PAN : LKNLO5208A. PAN : LKNLO5208A. PAN : LKNLO5208A. 2009 2009 2009 2009 - -- - 10 1010 10 2777/DEL/2014 2777/DEL/2014 2777/DEL/2014 2777/DEL/2014 ITO (TDS), ITO (TDS), ITO (TDS), ITO (TDS), MORADABAD. MORADABAD. MORADABAD. MORADABAD. EXECUTIVE ENGINEER, EXECUTIVE ENGINEER, EXECUTIVE ENGINEER, EXECUTIVE ENGINEER, CONSTRUCTION DIVISION, LNV CONSTRUCTION DIVISION, LNV CONSTRUCTION DIVISION, LNV CONSTRUCTION DIVISION, LNV BANSI SIDHARTH NAGAR. BANSI SIDHARTH NAGAR. BANSI SIDHARTH NAGAR. BANSI SIDHARTH NAGAR. PAN : LKNNO5259C. PAN : LKNNO5259C. PAN : LKNNO5259C. PAN : LKNNO5259C. 2009 2009 2009 2009 - -- - 10 1010 10 3 APPELLANTS BY : SHRI RAVI JAIN, CIT-DR. RESPONDENT BY : NONE. DATE OF HEARING : 17.12.2015 17.12.2015 17.12.2015 17.12.2015 DATE OF PRONOUNCEMENT : 17.12.2015 17.12.2015 17.12.2015 17.12.2015 ORDER ORDER ORDER ORDER PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP : :: :- -- - ALL THESE GROUPS OF APPEALS BY THE REVENUE AND ONE CROSS- OBJECTION BY THE ASSESSEE IN THE CASE OF ITA NO.206 1/DEL/2014 WERE FIXED BECAUSE APPARENTLY, IN ALL THE CASES, THE TAX EFFECT IS BELOW `10 LAKHS. 2. THE CBDT IN ITS CIRCULAR NO.21/2015 DATED 10 TH DECEMBER, 2015 HAS REVISED THE MONETARY LIMIT FOR FILING OF THE DE PARTMENTAL APPEALS TO THE ITAT AT `10 LAKHS WHICH IS EVIDENT FROM PARAGRA PH 3 OF THE CIRCULAR, WHICH READS AS UNDER:- 3. HENCEFORTH, APPEAL/SLPS SHALL NOT BE FILED IN C ASES WHERE THE TAX EFFECT DOES NOT EXCEED THE MONETARY L IMITS GIVEN HEREUNDER:- S.NO. APPEALS IN INCOME - TAX MATTERS MONETARY LIMIT (IN RS) 1. BEFORE APPELLATE TRIBUNAL 10,00,000/ - 2. BEFORE HIGH COURT 20,00,000/ - 3. BEFORE SUPREME COURT 25,00,000/ - IT IS CLARIFIED THAT AN APPEAL SHOULD NOT BE FILED MERELY BECAUSE THE TAX EFFECT IN A CASE EXCEEDS THE MONETA RY LIMITS PRESCRIBED ABOVE. FILING OF APPEAL IN SUCH CASES IS TO BE DECIDED ON MERITS OF THE CASE. 3. IN PARAGRAPH 10 OF THE CIRCULAR, SUCH MONETARY L IMITS HAVE BEEN MADE APPLICABLE RETROSPECTIVELY. FOR READY REFEREN CE, WE REPRODUCE PARAGRAPH 10 BELOW:- 4 10. THIS INSTRUCTION WILL APPLY RETROSPECTIVELY TO PENDING APPEALS AND APPEALS TO BE FILED HENCEFORTH IN HIGH COURTS/TRIBUNALS. PENDING APPEALS BELOW THE SPECIF IED TAX LIMITS IN PARA 3 ABOVE MAY BE WITHDRAWN/NOT PRESSED . APPEALS BEFORE THE SUPREME COURT WILL BE GOVERNED B Y THE INSTRUCTIONS ON THIS SUBJECT, OPERATIVE AT THE TIME WHEN SUCH APPEAL WAS FILED. 4. THEREFORE, THE ABOVE CIRCULAR WOULD BE SQUARELY APPLICABLE TO THE APPEAL UNDER CONSIDERATION BEFORE US. 5. LEARNED CIT-DR SHRI RAVI JAIN WHO APPEARED AT TH E TIME OF HEARING BEFORE US STATED THAT HE NEEDS SOME TIME TO CALL FOR THE REPORT FROM THE ASSESSING OFFICER AS WELL AS INSTRUCTIONS FROM ADMINISTRATIVE CIT FOR WITHDRAWING THESE APPEALS BECAUSE THE APPEA LS WERE FILED WITH THE APPROVAL OF ADMINISTRATIVE CIT. LEARNED CIT-DR FURTHER POINTED OUT THAT IN PARAGRAPH 7 OF THE SAID CIRCULAR, IT HAS BE EN CLARIFIED BY THE CBDT THAT WITHDRAWAL OF THESE APPEALS BY THE REVENU E ON ACCOUNT OF LOW TAX EFFECT SHOULD NOT BE CONSIDERED AS A PRECED ENT IN THE SUBSEQUENT YEARS OF THE ACCEPTANCE OF ISSUES INVOLV ED IN THIS APPEALS AND, THEREFORE, IF IN THE SUBSEQUENT YEAR SIMILAR I SSUE ARISES BEFORE THE ITAT WHERE THE APPEAL IS ABOVE THE TAX LIMIT AS PRE SCRIBED IN THIS CIRCULAR, THE SAME SHOULD BE DECIDED ON MERITS. 7. AFTER CONSIDERING THE SUBMISSIONS OF LEARNED DR, THE FACTS OF THE CASE AND THE CIRCULAR OF THE CBDT, WE ARE OF THE OP INION THAT THERE IS NO NECESSITY FOR ADJOURNING THE APPEALS AND CALLING THE REPORT FROM THE ASSESSING OFFICER BECAUSE, APPARENTLY, THE TAX EFFE CT INVOLVED IN THESE APPEALS OF THE REVENUE IS BELOW `10 LAKHS. HOWEVER , WE ADD HERE THAT IF ON RECEIPT OF ORDER THE ASSESSING OFFICER FINDS THAT THE TAX EFFECT IS ABOVE `10 LAKHS OR, IN ANY OTHER MANNER, THE CIRCUL AR IS NOT APPLICABLE, HE WILL BE AT LIBERTY TO FILE THE MISCELLANEOUS APP LICATION. WE ALSO AGREE WITH THE CONTENTION OF THE LEARNED CIT-DR THA T THIS ORDER WOULD NOT BE CONSIDERED AS AN ACCEPTANCE BY THE REVENUE O N THE ISSUE INVOLVED IN THESE APPEALS AND WILL NOT BE AN ESTOPP EL FOR THE REVENUE 5 TO TAKE UP THE ISSUE INVOLVED IN THESE APPEALS BEFO RE THE ITAT ON MERITS IF THE TAX EFFECT IN THOSE YEARS IS MORE THA N `10 LAKHS. WITH THIS REMARK, WE DEEM IT PROPER TO DISMISS THE APPEALS IN THE LIGHT OF THE CIRCULAR NO.21/2015 OF CBDT DATED 10 TH DECEMBER, 2015. 8. IN THE RESULT, THE APPEALS OF THE REVENUE AS WEL L AS THE CROSS- OBJECTION NO.15/DEL/2015 ARE DISMISSED. DECISION PRONOUNCED IN THE OPEN COURT ON 17.12.2015 . SD/- SD/- (DIVA SINGH (DIVA SINGH (DIVA SINGH (DIVA SINGH ) )) ) ( (( ( G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL ) )) ) JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR