ITO, New Delhi V. M/s. ANM Fincap Pvt. Ltd., New Delhi

ITA 4029/DEL/2016

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 1353 (ITAT-DELHI)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-09-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2007-2008
• Appeal Filed On: 14-07-2016
• Court: TRIBUNAL

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI A BEN CH, NEW DELHI BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER AND SH. AMIT SHUKLA, JUDICIAL MEMBER ITA NO.4029/DEL/2016 [A.Y 2007-08] ITO VS. M/S. ANM FINCAP PVT. LTD. WARD-2(4) 57, PRIYADHARSHNI VIHAR, NEAR GUPTA NEW DELHI COLONY, NEW DELHI-110009, PAN NO.AAACA9489Q [APPELLANT] [RESPONDENT] APPELLANT BY : SH. P. S. THUINGALENG, SR. DR RESPONDENT BY : SH. SURESH KUMAR GUPTA, CA CROSS OBJECTION NO.94/DEL/2019 (IN ITA NO.4029/DEL/2016) [A.Y 2007-08] M/S. ANM FINCAP PVT. LTD. VS. ITO 57, PRIYADHARSHNI VIHAR, NEAR GUPTA WARD- 2 (4) COLONY, NEW DELHI-110009, NEW DELHI PAN NO.AAACA9489Q [APPELLANT] [RESPONDENT] APPELLANT BY : SH. SURESH KUMAR GUPTA, CA RESPONDENT BY : SH. P. S. THUINGALENG, SR. DR DATE OF HEARING : 12.09.2019 DATE OF PRONOUNCEMENT : 12.0 9.2019 2 ORDER PER BENCH : THE ABOVE CAPTIONED APPEAL BY THE REVENUE IS TAKEN UP AS IN THIS APPEAL THE TAX EFFECT IS LESS THAN THE MONETARY LIM IT FIXED BY THE CBDT IN ITS CIRCULAR NO.17/2019 DATED 08.08.2019. 2. VIDE LETTER DATED 20.08.2019 ADDRESSED TO ALL TH E PRINCIPAL CHIEF COMMISSIONERS OF INCOME TAX, THE BOARD HAS CLARIFIE D THAT CIRCULAR NO.17/2019 IS APPLICABLE TO ALL PENDING APPEALS. 3. IN THE LIGHT OF THE CBDT CIRCULAR NO.17/2019 THE ABOVE APPEAL BY THE REVENUE IS DISMISSED. CROSS OBJECTION NO.94/DEL/2019 (A.Y.2007-08) 4. CROSS OBJECTION IS DISMISSED AS NOT PRESSED. 5. IN THE RESULT, THE APPEAL FILED BY THE REVENUE A ND CROSS OBJECTION FILED BY THE ASSESSEE STAND DISMISSED. THE ORDER IS PRONOUNCED IN THE OPEN COURT ON 12.09. 2019. SD/- SD/- [AMIT SHUKLA] [N.K. BI LLAIYA] JUDICIAL MEMBER A CCOUNTANT MEMBER DATED: 12 TH SEPTEMBER, 2019 *NEHA* COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CITI 4. CIT(A) 5. DR ASST. REGISTRAR ITAT, NEW DELHI 3 DATE OF DICTATION 12.09.2019 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 12.09.2019 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE OTHER MEMBER 12.09.2019 DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR.PS /PS 12.09.2019 DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE D ICTATING MEMBER FOR PRONOUNCEMENT 12.09.2019 DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR. PS/ PS 12.09.2019 DATE ON WHICH THE FINAL ORDER IS UPLOADED ON THE WE BSITE OF ITAT 12.09.2019 DATE ON WHICH THE FILE GOES TO THE BENCH CLERK 1 3 . 0 9 . 2 0 1 9 DATE ON WHICH FILE GOES TO THE HEAD CLERK. THE DATE ON WHICH FILE GOES TO THE ASSISTANT REGISTRA R FOR SIGNATURE ON THE ORDER DATE OF DISPATCH OF THE ORDER