ACIT, New Delhi V. Sh. Rakesh Kumar Jain, New Delhi

ITA 532/DEL/2014

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 6585 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 1 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-03-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: F
• Next Hearing Date: 29-02-2016
• Assessment Year: 2006-2007
• Appeal Filed On: 30-01-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RAMAN KANT GARG
• Assessee Lawyers: D K JAIN
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH F , NEW DELHI BEFORE SHRI J. SUDHAKAR REDDY, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE , JUDICIAL MEMBER ITA NO. 532 / DEL/201 4 AY: 20 06 - 07 AC IT, CIRCLE 36 ( 1 ) VS. SH. RAKESH KUMAR JAIN NEW DELHI F 9, PREET VIHAR NEW DELHI 110 0 92 PAN: AAHPJ 7198 R (APPELLANT) (RESPONDENT) APPELLANT BY : SH. RAMAN KANT GARG , SR. D.R. RESPONDENT BY : SH. D.K.JAIN, C.A. ORDER PER J. SUDHAKAR REDDY, ACCOUNTANT MEMBER THIS IS AN APPEAL FILED BY THE REVENUE . ADMITTEDLY THE TAX EFFECT IN THIS APPEAL BY THE REVENUE IS LESS THAN RS.10 LAKHS. 1.1. IN TERMS OF CBDT CIRCULAR NO.21/2015 DATED 10 TH DECEMBER,2015, F. NO. 279/MISC./142/2007 - ITJ(PT.) READ WITH S.268 A OF THE INCOME TAX ACT 1961, THIS APPEAL BY THE REVENUE SHOULD HAVE BEEN WITHDRAWN OR SHOULD NOT HAVE BEEN PRESSED BY THE REVENUE. 2. IN VIEW OF THE ABOVE THIS APPEAL BY THE REVENUE IS DISMISSED IN LIMINI. 3. IN CASE THE REVENUE FINDS THAT THIS APPEAL IS COVERED BY THE EXCEPTIONS CARVED OUT IN THE SAID CBDT CIRCULAR, THE REVENUE IS AT LIBERTY TO FILE A MISC. APPLICATION U/S 254(2) OF THE INCOME TAX ACT, 1961. 4 . IN THE RESULT REVENUE S APPEAL IS DISMISSED I N LIMINI. ORDER PRONOUNCED IN THE OPEN COURT ON 01 ST MARCH, 2016 . SD/ - SD/ - ( SUCHITRA KAMBLE ) (J. SUDHAKAR REDDY) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: THE 01 ST MARCH, 2016 MANGA ITA NO. 532 /DEL/2014 A.Y. 2 006 - 07 SH. RAKESH KUMAR JAIN, NEW DELHI . COPY FORWARDED TO: - 1 . APPELLANT 2 . RESPONDENT 3 . CIT 4 . CIT(A) 5 . DR, ITAT - TRUE COPY - BY ORDER, ASSISTANT REGISTRAR