DCIT (E), New Delhi V. M/s The Ajay G Piramal Foundation, New Delhi

ITA 5264/DEL/2016

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 4693 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 7 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-05-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2012-2013
• Appeal Filed On: 06-10-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: F R MEENA
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH G NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER AND SHRI L.P. SAHU, ACCOUNTANT MEMBER I.T.A NO.5264/DEL/2016 ASSESSMENT YEAR: 2012-13 DY.CIT(E), CIRCLE-2(1), NEW DELHI. VS. M/S. THE AJAY G. PIRAMAL FOUNDATION, 320, TOWER-B, 11 DLF TOWER, JASOLA, NEW DELHI. TAN/PAN: AABTT 1789N (APPELLANT) (RESPONDENT) APPELLANT BY: SHRI F.R. MEENA, SR.D.R. RESPONDENT BY: SHRI ANKIT AGARWAL, C.A. DATE OF HEARING: 16 05 2019 DATE OF PRONOUNCEMENT: 16 05 2019 O R D E R PER AMIT SHUKLA, JUDICIAL MEMBER: THE AFORESAID APPEAL HAS BEEN FILED BY THE REVENUE AGAINST THE IMPUGNED ORDER DATED 08.07.2016 PASSED BY COMMISSIONER OF INCOME TAX (APPEALS)-XL, NEW DELHI. 2. ADMITTEDLY, THE TAX EFFECT ON THE DISPUTED ISSUE RAISED IN THE GROUNDS OF APPEAL IS MUCH BELOW THE NEW PRESCRI BED MONETARY LIMIT FOR FILING OF APPEAL BY THE DEPARTME NT BEFORE THE ITAT OF RS.20 LAC VIDE CBDT CIRCULAR NO. 03/200 8 [F.NO.279/MISC.142/2007-ITJ (PT)] DATED 11 TH JULY, 2018. ACCORDINGLY, THE APPEAL OF THE REVENUE IS DISMISSED AS NON MAINTAINABLE BECAUSE OF LOW TAX EFFECT. I.T.A. NO.5264/DEL/2016 2 3. IN THE RESULT, THE APPEAL FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 16 TH MAY, 2019. SD/- SD/- [L.P. SAHU] [AMIT SHUKLA] ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 16 TH MAY, 2019 PKK: