Asstt. Commissioner Of Income Tax , Panvel Circle , Panvel V. JMD Corporation of India Limited, Navi Mumbai

ITA 5/PUN/2021

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 2292 (ITAT-PUNE)
• Duration Of Justice: 1 year(s) 5 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-06-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2011-2012
• Appeal Filed On: 06-01-2021
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: S P WALIMBE
• Keywords: Tax effect
• Section: 147

Judgement Text

आयकर अपीलीय अिधकरण “ए” Ɋायपीठ पुणे मŐ। IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, PUNE BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER AND DR. DIPAK P. RIPOTE, ACCOUNTANT MEMBER आयकरअपीलसं. / ITA No.05/PUN/2021 िनधाᭅरणवषᭅ / Assessment Year : 2011-12 The Asst.Commissioner of Income Tax, Panvel Circle, Panvel. Vs . M/s.JMD Corporation of India Limited, C-123, Steel Chamber Tower, Iron Market, Kalamboli, Navi Mumbai – 410218. PAN: AACCJ 1370 M Appellant/ Assessee Respondent /Revenue Assessee by None. Revenue by Shri S P Walimbe – DR Date of hearing 24/06/2022 Date of pronouncement 28/06/2022 आदेश/ ORDER Per S.S.Godara, JM: This Revenue’s appeal for A.Y.2011-12 is directed against the Commissioner of Income Tax(Appeals)-2, Thane’s order dated 03.08.2020 passed in case no.10299/2017-18 in proceedings u/s.144 r.w.s 147 of the Income Tax Act, in short “the Act”. None appears at the assessee’s behest. 2. At the outset, we find from the records that the tax effect in the instant appeal is Rs.44,50,978/- only as per the relevant column in Form 36 herein. We thus quote the CBDT’s circular no.17/2019 dated 08-08-2019 revising upward the monetary limits for filing of appeals by the department in Income-tax cases before various appellate forums. The earlier circular No.03/2018 dated 11-07-2018 had fixed monetary limit for filing of appeals by the Revenue before the tribunal at Rs.20.00 lakhs which stands enhanced in the Circular ITA No.05/PUN/2021 for A.Y. 2011-12 ACIT, Panvel Circle, Panvel Vs. M/s.JMD Corporation of India Ltd., (R) 2 dated 08-08-2019 to Rs.50.00 lakhs qua all pending appeals as well. All these facts have gone unrebutted from the Revenue side. We accordingly reject it’s instant appeal. 3. This Revenue’s appeal is dismissed for involving lower than the prescribed tax effect in above terms. Order pronounced in the open Court on 28 th June, 2022. Sd/- Sd/- (DR. DIPAK P. RIPOTE) (S.S.GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER पुणे / Pune; ᳰदनांक / Dated : 28 th June, 2022/ SGR* आदेशकᳱᮧितिलिपअᮕेिषत / Copy of the Order forwarded to : 1. अपीलाथᱮ / The Appellant. 2. ᮧ᭜यथᱮ / The Respondent. 3. The CIT(A), concerned. 4. The Pr. CIT, concerned. 5. िवभागीयᮧितिनिध, आयकर अपीलीय अिधकरण, “ए” बᱶच, पुणे / DR, ITAT, “A” Bench, Pune. 6. गाडᭅफ़ाइल / Guard File. आदेशानुसार / BY ORDER, // TRUE COPY // Senior Private Secretary आयकरअपीलीयअिधकरण, पुणे/ITAT, Pune.