ACIT(International Taxation), Circle-1(2)(2), New Delhi V. DHI, Denmark

ITA 4851/DEL/2018

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 8292 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 8 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-03-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 06-07-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: M BARANWA L SENIOR
• Assessee Lawyers: PRASHUKA JAIN
• Keywords: Tax effect
• Section: 22

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 A AA A : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU, ,, , VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND SHRI SHRI SHRI SHRI K. NARASIMHA CHARY K. NARASIMHA CHARY K. NARASIMHA CHARY K. NARASIMHA CHARY , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA NO ITA NO ITA NO ITA NO S SS S . .. . 4851 4851 4851 4851 /DEL/20 /DEL/20 /DEL/20 /DEL/20 1 11 1 8 & 4852/DEL/2018 8 & 4852/DEL/2018 8 & 4852/DEL/2018 8 & 4852/DEL/2018 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR S SS S : : : : 2013 2013 2013 2013 - -- - 14 & 14 & 14 & 14 & 2 22 2 0 00 0 14 1414 14 - -- - 15 1515 15 ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF ASSISTANT COMMISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -1(2)(2), 1(2)(2), 1(2)(2), 1(2)(2), (INTL.TAX.), (INTL.TAX.), (INTL.TAX.), (INTL.TAX.), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. VS. VS. VS. VS. M/S DHI , DENMARK, M/S DHI , DENMARK, M/S DHI , DENMARK, M/S DHI , DENMARK, AGERN ALLE AGERN ALLE AGERN ALLE AGERN ALLE- -- -5, HORSHOLM, 5, HORSHOLM, 5, HORSHOLM, 5, HORSHOLM, DENMARK DK 2970 FOREIGN DENMARK DK 2970 FOREIGN DENMARK DK 2970 FOREIGN DENMARK DK 2970 FOREIGN- -- - DENMARK 999999. DENMARK 999999. DENMARK 999999. DENMARK 999999. PAN : AAAAD6164H. PAN : AAAAD6164H. PAN : AAAAD6164H. PAN : AAAAD6164H. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI M. B ARANWAL, SENIOR DR. RESPONDENT BY : MS. PRASHUKA JAIN, CA. DATE OF HEARING : 2 22 26 66 6.03 .03.03 .03.2021 .2021 .2021 .2021 DATE OF PRONOUNCEMENT : 26 2626 26.03 .03.03 .03. .. .2021 2021 2021 2021 ORDER ORDER ORDER ORDER PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU, , , , VP VPVP VP : :: : THESE APPEALS BY THE REVENUE FOR THE ASSESSMENT YE ARS 2013-14 & 2014-15 ARE DIRECTED AGAINST THE ORDER OF LEARNED CIT-44, NEW DELHI DATED 30 TH NOVEMBER, 2017 AND 31 ST OCTOBER, 2017. 2. AT THE TIME OF HEARING BEFORE US, IT WAS SUBMITT ED BY THE LEARNED COUNSEL FOR THE ASSESSEE THAT THE TAX EFFECT IN THE SE APPEALS BY THE REVENUE IS BELOW RS.50 LAKHS. THE CBDT IN ITS CIRCU LAR NO.17/2019 DATED 8 TH AUGUST, 2019 HAS REVISED THE MONETARY LIMIT FOR FI LING OF THE DEPARTMENTAL APPEALS TO THE ITAT AT RS. 50 LAKHS. 3. LEARNED SENIOR DR AGREED WITH THE SAME. ITA-4851 & 4852/DEL/2018 2 4. IN VIEW OF THE ABOVE POSITION, WE DEEM IT PROPER TO DISMISS THE APPEALS OF THE REVENUE IN THE LIGHT OF THE CIRCULAR NO.17/2019 OF CBDT DATED 8 TH AUGUST, 2019. 5. IN THE RESULT, THE APPEALS OF THE REVENUE ARE DI SMISSED. ABOVE DECISION WAS ANNOUNCED IN THE PRESENCE OF BOT H PARTIES ON CONCLUSION OF VIRTUAL HEARING ON 26 TH MARCH, 2021. SD/- SD/- ( (( ( K. NARASIMHA CHARY K. NARASIMHA CHARY K. NARASIMHA CHARY K. NARASIMHA CHARY ) )) ) (G.S. PANNU (G.S. PANNU (G.S. PANNU (G.S. PANNU ) )) ) JUDICIAL JUDICIAL JUDICIAL JUDICIAL MEMBER MEMBER MEMBER MEMBER VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR