D.C.I.T CC - XX,kolkata., Kolkata V. M/s Naresh Kumar & Co Pvt Ltd., Kolkata

ITA 348/KOL/2013

• Counselvise Citation: [2016] 121 COUNSELVISE.COM (IT) 3250 (ITAT-KOLKATA)
• Duration Of Justice: 2 year(s) 11 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-01-2016
• Appeal Filed By: Department
• Bench Allotted: A
• Assessment Year: 2006-2007
• Appeal Filed On: 19-02-2013
• Court: TRIBUNAL
• Department Lawyers: ASHWANI KUMAR SINHA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH: KOL KATA [BEFORE SHRI MAHAVIR SINGH, JM & SHRI WASEEM AHMED , AM] I.T.A NO.348-349/KOL/2013 ASSESSMENT YEARS: 2006-07 & 2007-08 DEPUTY COMMISSIONER OF INCOME-TAX, VS. NARESH KU MAR & CO. PVT. LTD. CENTRAL CIRCLE-XX, KOLKATA. (PAN: AABCN2864P) ( APPELLANT ) ( RESPONDENT ) DATE OF HEARING: 29.01.2016 DATE OF PRONOUNCEMENT: 29.01.2016 FOR THE APPELLANT: SHRI ASHWANI KUMAR SINHA, CIT, DR FOR THE RESPONDENT: SHRI RAVI TULSIYAN, FCA ORDER PER SHRI MAHAVIR SINGH, JM: BOTH THESE APPEALS BY REVENUE ARE ARISING OUT OF SE PARATE ORDERS OF CIT(A), CENTRAL-III, KOLKATA VIDE APPEAL NOS. 257 & 258/CC-XX/CIT(A)C-III/11-12/ KOL BOTH DATED 27.11.2012. ASSESSMENTS WERE FRAMED BY JCIT(OSD),CC-XX, KOLKATA U/S. 144/153A OF THE INCOME-TAX ACT, 1961 (HEREINAFTER REFERRED TO AS THE ACT) FOR ASSESSMENT YEARS 2006-07 & 200 7-08 VIDE HIS SEPARATE ORDERS BOTH DATED 26.12.2011. 2. AT THE TIME OF HEARING LD. CIT, DR STATED THAT HE WANTS TO WITHDRAW THESE APPEALS AS THE SAME ARE BELOW THE MONETARY LIMIT PRESCRIBED BY CBDT VID E ITS CIRCULAR NO. 21/2015 DATED 10.12.2015. IN THIS CONNECTION A LETTER VIDE NO. DCIT, CIRCLE-8(2) /KOL/ITAT/2015-16/1351 DATED 28.01.2016 IS PLACED ON RECORD. LD. COUNSEL FOR ASSESSEE HAS RAISED NO O BJECTION TO THIS PRAYER OF THE LD. CIT, DR. HENCE, WE DISMISS BOTH THE APPEALS OF REVENUE AS THE SAME ARE BELOW THE MONETARY LIMIT OF RS.10 LAKHS PRESCRIBED BY CBDT VIDE ITS CIRCULAR NO. 21/2015 DATED 10.12.2 015. 3. IN THE RESULT, BOTH THE APPEALS OF REVENUE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- (WASEEM AHMED) (MAHAVIR SINGH) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED : 29 TH JANUARY, 2016 JD. SR. P.S COPY OF THE ORDER FORWARDED TO: 1. APPELLANT DCIT, CENTRAL CIRCLE-XX, KOLKATA. 2. RESPONDENT M/S. NARESH KUMAR & CO. PVT. LTD., 9B, WOOD STREET, KOLKATA-700 016. 3. CIT(A), KOLKATA 4. CIT , KOLKATA 5. DR, KOLKATA BENCHES, KOLKATA / TRUE COPY, BY ORDER, ASSTT. REGISTRAR .