DCIT, New Delhi V. M/s. Johnson Watch Co. Pvt. Ltd., New Delhi

ITA 482/DEL/2016

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 5638 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-01-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2011-2012
• Appeal Filed On: 29-01-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: AMIT KATOCH SENIOR
• Assessee Lawyers: T R TALWAR

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 C CC C : 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 KULDIP SINGH SHRI KULDIP SINGH SHRI KULDIP SINGH SHRI KULDIP SINGH, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA ITAITA ITA NO. NO. NO. NO. 482 482 482 482 /DEL/201 /DEL/201 /DEL/201 /DEL/201 6 66 6 ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : 2011 2011 2011 2011 - -- - 12 1212 12 DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -13(2), 13(2), 13(2), 13(2), NEW DELHI NEW DELHI NEW DELHI NEW DELHI. .. . VS. VS. VS. VS. M/S JOHNSON WATCH CO. PVT.LTD., M/S JOHNSON WATCH CO. PVT.LTD., M/S JOHNSON WATCH CO. PVT.LTD., M/S JOHNSON WATCH CO. PVT.LTD., L LL L- -- -21, CONNAUGHT PLACE, 21, CONNAUGHT PLACE, 21, CONNAUGHT PLACE, 21, CONNAUGHT PLACE, NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. PAN : AABCJ9807G. PAN : AABCJ9807G. PAN : AABCJ9807G. PAN : AABCJ9807G. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI AMIT KATOCH, SENIOR DR. RESPONDENT BY : SHRI T.R. TALWAR, AR. DATE OF HEARING : 3 33 31.01.2019 1.01.2019 1.01.2019 1.01.2019 DATE OF PRONOUNCEMENT : 31.01.2019 31.01.2019 31.01.2019 31.01.2019 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 : :: :- -- - THIS APPEAL BY THE REVENUE FOR THE ASSESSMENT YEAR 2011-12 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-5, NEW DELHI DATED 3 RD NOVEMBER, 2015. 2. WE FIND THAT IN THE PRESENT CASE, THE TOTAL TAX DEMANDED INCLUDING INTEREST IS `15,59,650/-. THE CBDT IN ITS CIRCULAR NO.3/2018 DATED 11 TH JULY, 2018 HAS REVISED THE MONETARY LIMIT FOR FILING OF T HE DEPARTMENTAL APPEALS TO THE ITAT AT `20 LAKHS. LEARNED CIT-DR AGREED WITH THE SAME. 3. IN VIEW OF THE ABOVE POSITION, WE DEEM IT PROPER TO DISMISS THE APPEAL OF THE REVENUE IN THE LIGHT OF THE CIRCULAR NO.3/20 18 OF CBDT DATED 11 TH JULY, 2018. 4. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. DECISION PRONOUNCED IN THE OPEN COURT ON 31.01.201 9. SD/- SD/- (KULDIP SINGH (KULDIP SINGH (KULDIP SINGH (KULDIP SINGH ) )) ) ( (( ( 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. ITA-482/DEL/2016 2 COPY FORWARDED TO: - 1. APPELLANT : DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF DEPUTY COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -13(2), NEW DELHI. 13(2), NEW DELHI. 13(2), NEW DELHI. 13(2), NEW DELHI. 2. RESPONDENT : M/S JOHNSON WATCH CO. PVT.LTD., M/S JOHNSON WATCH CO. PVT.LTD., M/S JOHNSON WATCH CO. PVT.LTD., M/S JOHNSON WATCH CO. PVT.LTD., L LL L- -- -21, CONNAUGHT PLACE, NEW DELHI. 21, CONNAUGHT PLACE, NEW DELHI. 21, CONNAUGHT PLACE, NEW DELHI. 21, CONNAUGHT PLACE, NEW DELHI. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR