DCIT, Circle - 14(1), Kolkata , Kolkata V. M/s. Luna Tyres Private Limited , Kolkata

ITA 409/KOL/2018

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 3659 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 5 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-08-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2012-2013
• Appeal Filed On: 12-03-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: KOLKATA BEFORE: SHRI J. SUDHAKAR REDDY, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER I.T.A NO.409/KOL/2018 (ASSESSMENT YEAR: 2012-13) DCIT, CIRCLE-14(1), KOLKATA APPELLANT VS M/S LUNA TYRES PRIVATE LIMITED RESPONDENT [PAN:AAACL4671P] FOR THE APPELLANT : SMT. MADHUMALTI GHOSH, ADDL. CIT FOR THE RESPONDENT : NONE DATE OF HEARING : 19.08.2019 DATE OF PRONOUNCEMENT : 28.08.2019 ORDER PER S.S. VISWANETHRA RAVI, JM IN THE ABOVE APPEAL, THE UNDISPUTED FACT IS THAT THE TAX EFFECT IS BELOW THE MONETARY LIMIT OF RS.50,00,000/- FIXED BY THE CBDT VIDE CIRCULAR NO.17/2019, F. NO. 279/MISC. 142/2007-ITJ(PT.), DT. 8 TH AUGUST, 2019. APPLYING THE PROPOSITION OF LAW LAID DOWN BY THE AHMEDABAD A BENCH OF ITAT IN THE CASE OF ITO, WARD-3(2), AHMEDABAD VS. DINESH MADHAVLAL PATEL & ORS IN ITA NO.1398/AHD/2004 ORDER DATED 14.08.2019, THIS APPEAL IS DISMISSED AS WITHDRAWN IN TERMS OF THE CIRCULAR ISSUED BY THE CBDT MENTIONED HEREINABOVE. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 28.08.2019. SD/- SD/- [J. SUDHAKAR REDDY] [S.S. VISWANETHRA RAVI] ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 28/08/2019 RS, SR.PS 2 I.T.A NO.409/KOL/2018 M/S LUNA TYRES PRIVATE LIMITED COPY OF ORDER FORWARDED TO: 1. DCIT, CIRCLE 14(1), KOLKATA. 2. M/S. LUNA TYRES PRIVATE LIMITED, ROOM NO.23, 5 TH FLOOR, TERMINUS BUILDING BG-12, NEW TOWN, KOLKATA 700156. 3. THE CIT(A) 4. THE CIT 5. DR TRUE COPY, BY ORDER, ASSISTANT REGISTRAR ITAT, KOLKATA