ACIT, New Delhi V. Sh. Ashok Gupta, New Delhi

ITA 4646/DEL/2016

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 7172 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 10 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-07-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2013-2014
• Appeal Filed On: 01-09-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: S L PODDAR
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI A BEN CH, NEW DELHI BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER, AND SHRI SUCHITRA KAMBLE, JUDICIAL MEMBER ITA NO. 4646/DEL/2016 [ASSESSMENT YEAR: 2013-14] ACIT, CC-07, R. NO.330, ARA CENTRE, JHANDEWALAN EXTN, NEW DELHI SHRI ASHO K GUPTA, 35, NETAJI SUBHASH MARG, 1 ST FLOOR, DARYA GANJ, NEW DELHI PAN - ADMPG9326J APPELLANT RESPONDENT APPELLANT BY NONE RESPONDENT BY SHRI S. L. PODDAR DATE OF HEARING 29 /07/2019 DATE OF PRONOUNCEMENT 29 /07/2019 ORDER PER N.K. BILLAIYA, ACCOUNTANT MEMBER, THIS APPEAL BY THE REVENUE IS PREFERRED AGAINST THE ORDER OF THE CIT(A)-24, NEW DELHI, DATED 27/06/2016 PERTAINING TO AY 2013-14. 2. THE ONLY GRIEVANCE OF THE REVENUE IS THAT THE LD . CIT(A) ERRED IN DELETING THE ADDITIONS OF RS.33,46,505/- ON ACCOUNT OF UNDISCLOS ED SALES. 3. IT CAN BE SEEN FROM THE QUANTUM INVOLVED IN THE GRIEVANCE OF THE REVENUE THAT THE TAX EFFECT WILL BE LESS THAN RS.20 LAKHS, HENCE, TH IS APPEAL OF THE REVENUE HAS TO BE DISMISSED IN THE LIGHT OF THE CBDT CIRCULAR NO. 03/ 2018. 2 ITA NO.4646/DEL/2016 4. IN THE RESULT, APPEAL FILED BY THE REVENUE IS DI SMISSED. THE ORDER IS PRONOUNCED IN THE OPEN COURT ON 29 /07 /2019. SD/- SD/- [SUCHITRA KAMBLE] [N.K. BILLAIYA] JUDICIAL MEMBER ACCOUNTANT MEMBER DELHI; DATED: 29/07/2019. F{X~{T? F{X~{T? F{X~{T? F{X~{T? FA FA FA FA P.S P.SP.S P.S COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR ASST. REGISTRAR, ITAT, NEW DELHI