ACIT, New Delhi V. Sh. Vikram Dhirani, New Delhi

ITA 4650/DEL/2016

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 7363 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 4 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-01-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2010-2011
• Appeal Filed On: 01-09-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI BENCH BENCH BENCH BENCH D DD D : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI BEFORE SHRI BEFORE SHRI BEFORE SHRI BEFORE SHRI G.D. AGRAWAL, G.D. AGRAWAL, G.D. AGRAWAL, G.D. AGRAWAL, VICE VICE VICE VICE PRESIDENT PRESIDENT PRESIDENT PRESIDENT AND AND AND AND SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA ITAITA ITA NO NONO NO S SS S . .. . 4 44 4 649 649 649 649 /DEL/2016 /DEL/2016 /DEL/2016 /DEL/2016 & 4650/DEL/2016 & 4650/DEL/2016 & 4650/DEL/2016 & 4650/DEL/2016 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR S SS S : : : : 2009 2009 2009 2009 - -- - 10 & 2010 10 & 2010 10 & 2010 10 & 2010 - -- - 11 1111 11 ASSISTANT COMMISSIONE ASSISTANT COMMISSIONE ASSISTANT COMMISSIONE ASSISTANT COMMISSIONE R OF R OF R OF R OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE- -- -07, 07, 07, 07, NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. VS. VS. VS. VS. SHRI VIKRAM DHIRANI, SHRI VIKRAM DHIRANI, SHRI VIKRAM DHIRANI, SHRI VIKRAM DHIRANI, D DD D- -- -1039, NEW FRIENDS COLONY, 1039, NEW FRIENDS COLONY, 1039, NEW FRIENDS COLONY, 1039, NEW FRIENDS COLONY, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 065. 110 065. 110 065. 110 065. PAN : AHTPD6528L. PAN : AHTPD6528L. PAN : AHTPD6528L. PAN : AHTPD6528L. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI J.K. MISHRA, CIT - DR. RESPONDENT BY : NONE. DATE OF HEARING : 15.01.2019 15.01.2019 15.01.2019 15.01.2019 DATE OF PRONOUNCEMENT : 15.01.2019 15.01.2019 15.01.2019 15.01.2019 ORDER ORDER ORDER ORDER PER G.D. AGRAWAL, PER G.D. AGRAWAL, PER G.D. AGRAWAL, PER G.D. AGRAWAL, VICE VICE VICE VICE PRESIDENT PRESIDENT PRESIDENT PRESIDENT : :: :- -- - THESE APPEALS BY THE REVENUE FOR THE ASSESSMENT YEARS 200 9-10 & 2010-11 ARE DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-23, NEW DELHI DATED 30 TH JUNE, 2016. 2. WE FIND THAT IN THE PRESENT APPEALS, THE TOTAL DIS PUTED ADDITION BEFORE THE ITAT IS `58,64,049/- AND `55,84,041/-, O N WHICH THE TAX EFFECT WOULD BE LESS THAN `20 LAKHS. THE CBDT IN ITS C IRCULAR NO.3/2018 DATED 11 TH JULY, 2018 HAS REVISED THE MONETARY LIMIT FOR FILING OF THE DEPARTMENTAL APPEALS TO THE ITAT AT `20 LAKHS. LEARN ED CIT-DR AGREED WITH THE SAME. ITA-4649 & 4650/DEL/2016 2 3. IN VIEW OF THE ABOVE POSITION, WE DEEM IT PROPER TO DISMISS THE APPEALS OF THE REVENUE IN THE LIGHT OF THE CIRCULAR NO.3/2018 OF CBDT DATED 11 TH JULY, 2018. 4. IN THE RESULT, BOTH THE APPEALS OF THE REVENUE ARE DISMISSED. DECISION PRONOUNCED IN THE OPEN COURT ON 15.01.2019 . SD/- SD/- (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA ) )) ) ( (( ( G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL ) )) ) JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER VICE VICE VICE VICE PRESIDENT PRESIDENT PRESIDENT PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE CENTRAL CIRCLE- -- -07, NEW DELHI. 07, NEW DELHI. 07, NEW DELHI. 07, NEW DELHI. 2. RESPONDENT : SHRI VIKRAM DHIRANI, SHRI VIKRAM DHIRANI, SHRI VIKRAM DHIRANI, SHRI VIKRAM DHIRANI, D DD D- -- -1039, NEW FRIENDS COLONY, 1039, NEW FRIENDS COLONY, 1039, NEW FRIENDS COLONY, 1039, NEW FRIENDS COLONY, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 06 110 06 110 06 110 065. 5.5. 5. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR