The DCIT, Circle-8, Ahmedabad V. M/s. Sirhind Steels Ltd., Ahmedabad

ITA 3504/AHD/2015

• Counselvise Citation: [2018] 126 COUNSELVISE.COM (IT) 6312 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 1 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-01-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2011-2012
• Appeal Filed On: 15-12-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: P M MEHTA
• Section: 14A

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD B BENCH (BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER & SHRI MAHAVIR PRASAD, JUDICIAL MEMBER) ITA. NO: 3504/AHD/2015 (ASSESSMENT YEAR: 2011-12) DY. COMMISSIONER OF INCOME TAX, CIRCLE-4(1)(1), AHMEDABAD V/S M/S. SIRHIND STEEL LTD. 7 TH FLOOR, SHALIN ASHRAM ROAD, ELLISBRIDGE, AHMEDABAD (APPELLANT) (RESPONDENT) PAN: AADCS0853R APPELLANT BY : SHRI MUDIT NAGPAL, SR. D. R. RESPONDENT BY : SHRI P.M. MEHTA, A.R. ( )/ ORDER DATE OF HEARING : 15 -01-201 8 DATE OF PRONOUNCEMENT : 16 -01-2018 PER N.K. BILLAIYA, ACCOUNTANT MEMBER: 1. THIS APPEAL BY THE REVENUE IS DIRECTED AGAINST THE ORDER OF THE LD. CIT(A)-9, AHMEDABAD DATED 07.10.2015 PERTAINING TO A.Y. 2011- 12. ITA NO. 3504 /AHD/2015 . A.Y. 2011-1 2 2 2. THE SOLITARY GRIEVANCE OF THE REVENUE IS THAT THE L D. CIT(A) ERRED IN DELETING THE DISALLOWANCE OF RS. 16.01 LACS MADE UNDER U/S. 14A R.W. RULE 8D OF THE ACT. 3. THE GRIEVANCE OF THE REVENUE SHOWS THAT THE TAX EFF ECT ON THE IMPUGNED DELETION WOULD BE LESS THAN RS. 10 LACS. THEREFORE, THIS APPEAL HAS TO BE DISMISSED IN THE LIGHT OF THE CBDT CIRCULAR NO. 21 OF 2015 DATED 10.12.2015. 4. IN THE LIGHT OF THE AFOREMENTIONED CIRCULAR, THE AP PEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON 16- 01- 20 18 SD/- SD/- (MAHAVIR PRASAD) (N. K. BILLAIYA) JUDICIAL MEMBER TRUE COPY A CCOUNTANT MEMBER AHMEDABAD: DATED 16 /01/2018 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