DY. C.I.T. CENTRAL CIR.-1(3), Nagpur V. SHRI CHAGANLAL KUNVERJIBHAI. PATEL, Nagpur

ITA 525/NAG/2016

• Counselvise Citation: [2022] 103 COUNSELVISE.COM (IT) 8466 (ITAT-NAGPUR)
• Duration Of Justice: 16 year(s) 3 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-11-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 10-11-2022
• Assessment Year: misc
• Appeal Filed On: 28-07-2006
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: BOARD CIRCULAR VIDE NO.
• Keywords: Tax effect
• Section: 153A

Judgement Text

आयकर अपीलीय अिधकरण Ɋायपीठ नागपुर मŐ। IN THE INCOME TAX APPELLATE TRIBUNAL, NAGPUR BENCH : NAGPUR BEFORE S.S.VISWANETHRA RAVI, JUDICIAL MEMBER AND DR. DIPAK P. RIPOTE, ACCOUNTANT MEMBER आयकर अपील सं. / ITA No.525/NAG/2016 िनधाᭅरण वषᭅ / Assessment Year : 2007-08 The Deputy Commissioner of Income Tax, Central Circle-1(3), Nagpur. V s Shri Chaganlal Kunverjibhai Patel, Prop. M/s.Gigeo Real Estate, Plot No.36, Kamal Palace, Dhantoli, Nagpur – 440010. PAN: ACRPP 0924 H Appellant/ Revenue Respondent /Assessee Assessee by Shri Manoj G Moryani – Adv. Revenue by Shri Kailash G.Kanojiya – CIT(DR) Date of hearing 11/11/2022 Date of pronouncement 15/11/2022 आदेश/ ORDER PER DR. DIPAK P. RIPOTE, AM: This is an appeal filed by the Revenue against the order of ld.Commissioner of Income Tax(Appeals)-3, Nagpur dated 29.07.2016 emanating from the order under section 153A r.w.s 143(3) of the Act dated 30.12.2010 passed by the ACIT, Central Circle-1(3), Nagpur. 2. The CBDT has issued 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 fixed monetary ITA No525/NAG/2016 for A.Y.2007-08 Shri Chaganlal Kunverjibhai Patel [R] 2 limit for filing of appeals by the Revenue before the Tribunal at Rs.20.00 lakhs. Such limit has now been enhanced in the Circular dated 08-08-2019 to Rs.50.00 lakhs. The tax effect in the instant appeal is less than the revised monetary limit of Rs.50.00 lakhs. 3. At the time of hearing before this Tribunal, the ld.Authorised Representative(ld.AR) of the assessee submitted as under: “Assessee : Chhaganlal K Patel Asstt. Year : 2007-2008 Appeal No. : ITA No. 525/Nag/2016 (Dept) Fixed For : 06/06/2022 Returned Income : 21,06,937/- Assessed Income : 1,35,00,220/- Addition : 1,13,93,283/- TAX on Returned Income : 6,53,096/- (i.e. Tax on 21,06,937/-) TAX on Assessed Income : 40,00,066/- (i.e. Tax on 1,35,00,220/-) NET TAX EFFECT : 33,46,970/- Addition 1,13,93,283/- Addition deleted by CIT(A): 1,13,93,283/- Revised assessed income: 21,06,937/- Ground No. __ Issue covered in favour of the assessee by board circular vide no.17 of 2019 Tax Effect - Rs.33,46,970/-.” 4. At this juncture, it is pertinent to note that the CBDT vide F.No.279/Misc/M-13/2018-ITJ dated 20-08-2019 has clarified that the revised monetary limits so mentioned in Circular No.17/2019 are applicable to all pending appeals. In view of the foregoing discussion, we dismiss the appeal filed by the Revenue on account of ITA No525/NAG/2016 for A.Y.2007-08 Shri Chaganlal Kunverjibhai Patel [R] 3 low tax effect. However, Revenue is at liberty to file Miscellaneous Application, if the appeal is covered by any of the exceptions mentioned in the circular. 5. In the result, appeal of the Revenue is dismissed as not maintainable. Order pronounced in the open Court on 15 th November, 2022. Sd/- Sd/- (S.S.VISWANETHRA RAVI) (DR. DIPAK P. RIPOTE) JUDICIAL MEMBER ACCOUNTANT MEMBER पुणे / Pune; ᳰदनांक / Dated : 15 th Nov, 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, नागपुर बᱶच, नागपुर / DR, ITAT, Bench, Nagpur. 6. गाडᭅफ़ाइल / Guard File. आदेशानुसार / BY ORDER, // TRUE COPY // Senior Private Secretary आयकर अपीलीय अिधकरण, पुणे/ITAT, Pune.