DCIT, New Delhi V. M/s. Shriram Pistons & Rings Ltd., New Delhi

ITA 5386/DEL/2015

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 1621 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 2 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-11-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: H
• Assessment Year: 2012-2013
• Appeal Filed On: 01-09-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: R K KAPOOR
• Keywords: Tax effect

Judgement Text

1 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES: C , NEW DELHI BEFORE SHRI NK SAINI, VICE PRESIDENT AND SMT. BEENA A PILLAI, JUDICIAL MEMBER ITA NO. 5386 /DEL/201 5 AY: 201 2 - 13 DY. CIT, CIRCLE 2 3 (1) ROOM NO.248, C.R.BUILDING IP ESTATE NEW DELHI 110 002 VS . M/S SHRIRAM PISTONS & RINGS LTD. 23, KASTURBA GANDHI MARG NEW DELHI 110 001 PAN: AAACS0229G (APPELLANT) (RESPONDENT) DEPARTMENT BY : SH. AMIT KATOCH, SR. D.R. ASSESSEE BY : SH. R.K.KAPOOR, ADV. DATE OF HEARING : 27 /11/2018 DATE OF PRONOUNCEMENT : 27 / 11/2018 ORDER PER BEENA A PILLAI, JUDICIAL MEMBER THE APPEAL IS FILED BY REVENUE AGAINST ORDER DATED 16.06.2015 OF LD. PR. CIT( OSD) ( A) - 8 , NEW DELHI PERTAINING TO A.Y. 201 2 - 13 . ADMITTEDLY THE TAX EFFECT IN THE PRESENT APPEAL IS LESS THAN RS.20 LAKHS. 2. IN TERMS OF CBDT CIRCULAR NO. 03 OF 2018, DATED 11TH JULY, 2018 READ WITH S.268A OF THE INCOME TAX ACT, 1961, THE REVENUE SHOULD HAVE EITHER NOT FILED THE PRESENT APPEAL, OR SHOULD HAVE WITHDRAWN THE SAME, AS TAX EFFECT IN THIS APPEAL IS ADMITTEDL Y LESS THAN RS. 20,00,000/ - . 3. IN VIEW OF THE ABOVE, THE APPEAL FILED BY REVENUE IS DISMISSED. 4. IN THE RESULT, APPEAL FILED BY REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 27 TH NOVEMBER , 2018. SD/ - SD/ - ( N.K. SAINI ) (BEENA A PILLAI) VICE PRESIDENT JUDICIAL MEMBER DT. 27 TH NOVEMBER, 2018 *GMV 2 COPY FORWARDED TO: - 1 . APPELLANT 2 . RESPONDENT 3 . CIT 4 . CIT(A) 5 . DR, ITAT - TRUE COPY - BY ORDER, ASSISTANT REGISTRAR ITAT DELHI BENCHES 3 DATE DRAFT DICTATED ON 27 /11/18 DRAFT PLACED BEFORE AUTHOR 27/11/18 DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. APPROVED DRAFT COMES TO THE SR.PS/PS KEPT FOR PRONOUNCEMENT ON & ORDER UPLOADED ON : 27/11/18 FILE SENT TO THE BENCH CLERK DATE ON WHICH FILE GOES TO THE AR DATE ON WHICH FILE GOES TO THE HEAD CLERK. DATE OF DISPATCH OF ORDER.