DCIT, Noida V. M/s Eldeco Infrastructure & Properties Ltd., New Delhi

ITA 3506/DEL/2017

• Counselvise Citation: [2019] 115 COUNSELVISE.COM (IT) 5114 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 4 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-10-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2005-2006
• Appeal Filed On: 02-06-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: V K CHADHA
• Assessee Lawyers: SL NO TO; SATYAJEET GOEL CA SL NO MS R
• Keywords: Tax effect
• Section: 143(3)

Judgement Text

PAGE | 1 , , IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH B, NEW DELHI !'#$% !'#$% !'#$% !'#$% &'& &'& &'& &'& ( ( ( ( BEFORE MS. SUSHMA CHOWLA, JUDICIAL MEMBER & SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER ) )) ) / ITA NO. 5200/DEL/2017 & 121 OTHER APPEALS * *%% *%% *%% *%% / ASSESSMENT YEAR: 2007-08 & OTHER YEARS THE ACIT, CIRCLE-21(2), NEW DELHI .......... +, /APPELLANT VS RAJ HANS TOWERS PVT.LTD., M-33, 2 ND FLOOR, GREATER KAILASH, PART-I, NEW DELHI PAN-AAACR0019H . -+, / RESPONDENT [*- AS PER ANNEXURE A] CROSS OBJECTION NO.206/DEL/2017 ) )) ) / ITA NO. 5200/DEL/2017 *%% *%% *%% *%% / ASSESSMENT YEAR: 2007-08 RAJ HANS TOWERS PVT.LTD., M-33, 2 ND FLOOR, GREATER KAILASH, PART-I, NEW DELHI PAN-AAACR0019H .......... +, /APPELLANT VS THE ACIT, CIRCLE-21(2), NEW DELHI . -+, / RESPONDENT PAGE | 2 +,./& / APPELLANT BY : SH. V.K.CHADHA, SR.DR -+,./& / RESPONDENT BY : SL.NO.1 TO 2, 51 & 97- SH. SATYAJEET GOEL, CA SL.NO.10-MS. RIYA GARG, CA SL. NO.11- SH. D.K.SINGH, AR SL. NO.16, 54, 90-SH. DEEPESH GARG, & SH. MADHA V, ADV. SL.NO.34, 38, 117-SH. SIDHARATH KANWAR, ADV. SL.NO.39-MS. DEEPIKA AGARWAL, ADV. SL. NO.41-SH. RAJESH JAIN, ADV. SL.NO.50-MS. RAGNI HANDA, CA SL.NO.55 & 56-SH. ARUN KISHOR, CA SL.NO.63-MS. UMANG LUTHRA, ADV. SL.NO.71-SH. SAMEER MATHUR, CA SL.NO.78-MS. RINKI SHARMA, AR SL.NO.105-SH. ANSHUL SHARMA & SH. DEVENDRA GULA TI, CA SL.NO.91 & 123-MS. MANSI JAIN, CA SL.NO.53 & 57-SH.KARAN JAIN, ADV.& SH.DIVYAM MI TTAL, CA SL.NO.83-SH. SATYA AHUJA, CA SL.NO.84-SH. V.RAJKUMAR, ADV. SL.NO.85-SH. AARUSH NAGPAL, CA SL.NO.103-MS. SUBHANGI ARORA, CA *0.'1' / DATE OF HEARING : 31.10.2019 23.'1' / DATE OF PRONOUNCEMENT: 31.10.2019 &! &! &! &! / ORDER PER SUSHMA CHOWLA, JM: THE PRESENT BUNCH OF APPEALS FILED BY THE REVENUE A RE AGAINST THE SEPARATE ORDERS OF DIFFERENT CIT(A), NEW DELHI, REL ATING TO DIFFERENT ASSESSMENT YEARS [AS MENTIONED IN ANNEXURE A] PAS SED UNDER SECTION 143(3) OF THE INCOME-TAX ACT, 1961 (IN SHORT THE A CT). 2. THE CAPTIONED APPEALS HAVE BEEN LISTED BY REGIST RY BEFORE THE BENCH ON THE GROUND THAT THEY INVOLVE LOW TAX EFFECT. PAGE | 3 3. THE LD. DR FOR THE REVENUE FAIRLY POINTED OUT TH AT THE PRESENT APPEALS ARE TO BE WITHDRAWN AS THE TAX EFFECT INVOLVED IN T HE APPEALS IS BELOW RS.50 LACS. 4. THE CBDT VIDE CIRCULAR NO.17/2019 DATED 08.08.20 19 HAS REVISED THE MONETARY LIMIT FOR FILING THE APPEALS BEFORE TH E TRIBUNAL TO RS.50 LACS. FURTHER, CBDT VIDE LETTER DATED 20.08.2019 HAS ALSO CLARIFIED THAT CIRCULAR NO.17/2019 WOULD BE APPLICABLE TO ALL PENDING APPEA LS. IN SUCH CIRCUMSTANCES, THE PRESENT APPEALS FILED BY THE REV ENUE IN CASE OF LOW TAX EFFECT ARE NOT MAINTAINABLE. 5. BEFORE PARTING, WE CLARIFY HERE THAT THE REVENUE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR RE-INSTITUTION OF ANY OF THE APPEAL/S, IF THE REQUISITE MATERIAL IS BROUGHT TO SHOW THAT THE APPE AL/S ARE PROTECTED BY THE EXCEPTIONS PRESCRIBED IN PARA 10 OF THE CIRCULAR DA TED 11.07.2018. 6. IN CONCLUSION, BY APPLYING THE CBDT CIRCULAR DAT ED 08.08.2019 AND LETTER DATED 20.08.2019 (SUPRA), THE CAPTIONED APPE ALS OF THE REVENUE ARE DISMISSED AS WITHDRAWN/NOT PRESSED. 7. THE CROSS OBJECTION NOS. 206/DEL/2017 & 204/DEL/ 2017 BECOME ACADEMIC AND HENCE, DISMISSED. PAGE | 4 8. IN THE RESULT, ALL THE APPEALS OF REVENUE AND BO TH CROSS-OBJECTIONS OF ASSESSEE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 31 ST DAY OF OCTOBER, 2019. SD/- SD/- (PRASHANT MAHARISHI) (SUSHMA CHOWLA) &' &' &' &' /ACCOUNTANT MEMBER /JUDICIAL MEMBER / * DATED : 31 ST OCTOBER, 2019 . * AMIT KUMAR * &!. '$4&$'5 COPY OF THE ORDER IS FORWARDED TO : 1. +, / THE APPELLANT 2. -+, / THE RESPONDENT 3. 6 7 8 / THE CIT(A) 4. 9 6 / THE PR. CIT 5. 6. $:; '* / DR, ITAT, DELHI ;<%=05 GUARD FILE. &!* &!* &!* &!* / BY ORDER , -$' ' // TRUE COPY // # >?@ , ASSISTANT REGISTRAR, ITAT, DELHI