DCIT, CIRCLE- 12(1), NEW DELHI V. INDIAN SUGAR EXIM CORPORATION LTD., NEW DELHI

ITA 4291/DEL/2017

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 1992 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 5 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-11-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2012-2013
• Appeal Filed On: 29-06-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ASHIMA NEB
• Assessee Lawyers: SUMIT JAINC A
• Keywords: Tax effect
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH: C: NEW DELHI) , . ., BEFORE MS. SUSHMA CHOWLA, JUDICIAL MEMBE R & SHRI R.K. PANDA, ACCOUNTANT M EMBER / ITA NO:- 4291/DEL/2017 / ASSESSMENT YEAR: 2012-13 DCIT, CIRCLE-12(1) .......... /APPELLANT NEW DELHI VS M/S INDIAN SUGAR EXIM CORPORATION LTD., C-BLOCK, 2 ND FLOOR, ANSAL PLAZA, AUGUST KRANTI MARG, NEW DELHI . / RESPONDENT PAN-AAACI1163M !' / APPELLANT BY :MS. ASHIMA NEB, SR. DR !' / RESPONDENT BY :SH. SUMIT JAIN, C.A. #$ %&' / DATE OF HEARING : 25.11.2019 () %&' / DATE OF PRONOUNCEMENT: 29.11.2019 / ORDER PER SUSHMA CHOWLA, JM: THE PRESENT APPEAL FILED BY REVENUE IS AGAINST ORDE R OF CIT(A)-39, NEW DELHI, DATED 06.03.2017 RELATING TO ASSESSMENT YEAR 2012-13 AGAINST THE ORDER PASSED UNDER SECTION 143(3) OF THE INCOME -TAX ACT, 1961 (IN SHORT THE ACT). / ITA NO:- 4291/DEL/2017 PAGE | 2 2. THE LD. DR FOR THE REVENUE POINTED OUT THAT THE PRESENT APPEAL IS TO BE WITHDRAWN AS THE TAX EFFECT INVOLVED IN THE CASE IS BELOW RS.50 LACS. 3. 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 APPEAL FILED BY THE REVE NUE IN CASE OF LOW TAX EFFECT IS NOT MAINTAINABLE. 4. BEFORE PARTING, WE CLARIFY HERE THAT THE REVENUE SHALL BE AT LIBERTY TO APPROACH THE TRIBUNAL FOR RE-INSTITUTION OF APPEAL, IF THE REQUISITE MATERIAL IS BROUGHT TO SHOW THAT THE APPEAL IS PROTECTED BY THE EXCEPTIONS PRESCRIBED IN PARA 10 OF THE CIRCULAR DATED 11.07.2018. 5. IN CONCLUSION, BY APPLYING THE CBDT CIRCULAR DAT ED 08.08.2019 AND LETTER DATED 20.08.2019 (SUPRA), THE CAPTIONED APPE AL OF THE REVENUE IS DISMISSED AS WITHDRAWN/NOT PRESSED. 6. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 29 TH DAY OF NOVEMBER, 2019. SD/- SD/- (R.K. PANDA) (SUSHMA CHOWLA) ''+ ''+ ''+ ''+ /ACCOUNTANT MEMBER + + + + /JUDICIAL MEMBER / DATED : 29 TH NOVEMBER, 2019 SH / ITA NO:- 4291/DEL/2017 PAGE | 3 '* %,-',%. COPY OF THE ORDER IS FORWARDED TO : 1. / THE APPELLANT; 2. / THE RESPONDENT; 3. #/ 0 1 / THE CIT(A) 4. ,23% 4 4 / DR, ITAT, DELHI 5. 356$ . GUARD FILE. '*# '*# '*# '*# / BY ORDER , ,%% // TRUE COPY // 89+: , 4 / ITAT, DELHI