Income-Tax Officer Ward -3, , Satara V. Shri Bhairavnath Multi State Co-Op Credit Society Ltd, Satara

ITA 524/PUN/2022

• Counselvise Citation: [2022] 103 COUNSELVISE.COM (IT) 9843 (ITAT-PUNE)
• Duration Of Justice: 3 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-10-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: SMC
• Next Hearing Date: 17-10-2022
• Assessment Year: 2018-2019
• Appeal Filed On: 12-07-2022
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect; Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCHES, PUNE BEFORE SHRI PARTHA SARATHI CHAUDHUARY, J.M SINGLE MEMBER CASE ITA No.524/PUN/2022: A.Y. 2018-19 The I.T.O. Ward 3, Satara Appellant Vs. Shri Bhairavnath Multi State Co-op. Credit Society Ltd. Laxminagar, Deccan Chowk, Phaltan, Dist. Satara 415 523 PAN: AAEAS 8344 J Respondent Appellant by : Shri Prateek Jha Respondent by : Shri Piyush Kumar Singh Yadav Date of Hearing : 18-10-2022 Date of Pronouncement : 21-10-2022 ORDER This appeal preferred by the Revenue emanates from the order of the National Faceless Appeal Centre (NFAC), Delhi, dated 18-05-2022 for the Assessment Year 2018-19. 2. At the outset, the ld. A.R submitted that in this revenue’s appeal, the tax effect is below Rs. 50.00 lakhs. Demonstrating the same, he submitted that the total addition is Rs. 40.00 lakhs and the tax effect is Rs. 12.59 lakhs. The ld. D.R conceded these submissions. 3. Admittedly, the tax effect involved in this appeal is below monetary limit fixed by the CBDT Circular vide its latest Circular No. 17/2019, dated 08-08-2019. Thus, grounds raised by the Revenue fail and the appeal is not maintainable. Therefore, the appeal of Revenue is dismissed. 2 ITA No.524 of 2022 Shri Bhairavnath Multi State A.Y. 2018-19 4. In the result, the appeal of Revenue is dismissed. Order pronounced in the open court on _21 st October 2022 Sd/- (PARTHA SARATHI CHAUDHURY) JUDICIAL MEMBER Pune; Dated : 21 st October 2022 Ankam Copy of the Order forwarded to : 1. The Appellant. 2. The Respondent. 3. The NFAC, Delhi 4. Concerned CIT Pune DR, ITAT, SMC Bench, Pune. 5. Guard File. BY ORDER, Sr. Private Secretary, ITAT, Pune /// TRUE COPY /// 3 ITA No.524 of 2022 Shri Bhairavnath Multi State A.Y. 2018-19 Date 1 Draft dictated on 18-10-2022 Sr.PS 2 Draft placed before author 18-10-2022 Sr.PS 3 Draft proposed and placed before the second Member JM/AM 4 Draft discussed/approved by second Member AM/JM 5 Approved draft comes to the Sr. PS/PS Sr.PS/PS 6 Kept for pronouncement on 21-10-2022 Sr.PS/PS 7 Date of uploading of order Sr.PS/PS 8 File sent to Bench Clerk Sr.PS/PS 9 Date on which the file goes to the Head Clerk 10 Date on which file goes to the A.R 11 Date of dispatch of order