ACIT, Noida V. M/s. Jaypee Agra Vikas Ltd., Noida

ITA 5446/DEL/2015

• Counselvise Citation: [2017] 127 COUNSELVISE.COM (IT) 3690 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 1 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-10-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2013-2014
• Appeal Filed On: 04-09-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SH ARUN KUMAR YAD AV
• Assessee Lawyers: S K BHARDWAJ
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH A , NEW DELHI BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI H.S. SIDHU, JUDICIAL MEMBER ITA NO. 5446/DEL/2015 ASSESSMENT YEAR: 2013-14 ACIT, TDS-NOIDA VS. M/S JAYPEE AGRA VIKAS LTD., ROOM NO. 110, 1 ST FLOOR, SECTOR-128, NOIDA-201301 PLOT NO. A-2D, AAYAKAR (PAN: AACCJ2522K) BHAWAN, SECTOR-24, NOIDA (APPELLANT) (RESPONDENT) DEPARTMENT BY : SH. SH. ARUN KUMAR YAD AV, SR. DR ASSESSEE BY : SH. S.K. BHARDWAJ, A DV. ORDER PER H.S. SIDHU, JM THE DEPARTMENT HAS FILED THIS APPEAL WHICH IS EMAN ATE FROM THE ORDER DATED 14.5.2015 OF LD. CIT(A)-I, NOIDA PERTAINING TO A SSESSMENT YEAR 2013-14. THE GROUNDS RAISED IN THE REVENUES APPEAL READS AS UNDER:- 1. LD. CIT(A)-I, NOIDA HAS ERRED IN LAW AND ALL FACTS DELETING THE DEMAND ON ACCOUNT OF PAYMENT OF BANK GUARANTEE COMMISSION IG NORING THE FACT THAT NOTIFICATION NO. 56/2012 (F.NO. 275/53/2012IT(B), DATED 31.12.2012 WHICH PROVIDES THAT NO TDS SHALL BE DONE ON PAYMENT LIKE BANK GUARANTEE COMMISSION IF EFFECT FROM 1.1.2013 WHILE IN THE CAS E OF THE ASSESSEE THE PAYMENT OF BANK GUARANTEE COMMISSION WAS DONE BEFOR E 1.1.2013. 2. DURING THE HEARING, LD. DR RELIED UPON THE ORDER OF THE AO. 3. ON THE CONTRARY, LD. COUNSEL OF THE ASSESSEE STA TED THAT THE TAX INVOLVED IN THIS CASE IS BELOW THE PRESCRIBED LIMIT FIXED BY THE CBD T, HENCE, THE APPEAL MAY BE DISMISSED ON THIS ACCOUNT. 4. WE HAVE HEARD BOTH THE PARTIES AND PERUSED THE RECORDS. AFTER PERUSING THE RECORDS, WE FIND THAT TAX EFFECT IN THE REVENUES A PPEAL IS BELOW THE LIMIT OF RS. 10 LACS, AS FIXED BY THE CBDT AND, THEREFORE, THE DEPARTMEN TS APPEAL IS NOT MAINTAINABLE, IN 2 VIEW OF THE CIRCULAR NO. 21/2015 DATED 10 TH DECEMBER, 2015 ISSUED VIDE F.NO. 279/MISC. 142/2007-ITJ (PT.) BY THE CBDT. FOR THE SAKE OF CO NVENIENCE, THE RELEVANT PARA NOS. 3 & 10 OF THE AFORESAID CBDTS CIRCULAR ARE REPRODUCED AS UNDER:- 3. HENCEFORTH, APPEALS/ SLPS SHALL NOT BE FILED IN CASES WHERE THE TAX EFFECT DOES NOT EXCEED THE MONETARY LIMITS GIVEN HE REUNDER: S NO APPEALS IN INCOME -TAX MATTERS MONETARY LIMIT (IN RS) 1 BEFORE APPELLATE TRIBUNAL 10,00,000/- 2 BEFORE HIGH COURT 20,00,000/ - 3 BEFORE SUPREME COURT 25,00,000/ - IT IS CLARIFIED THAT AN APPEAL SHOULD NOT BE FILED MERELY BECAUSE THE TAX EFFECT IN A CASE EXCEEDS THE MONETARY LIMITS PRESCR IBED ABOVE. FILING OF APPEAL IN SUCH CASES IS TO BE DECIDED ON MERITS OF THE CASE. 10. THIS INSTRUCTION WILL APPLY RETROSPECTIVELY TO PENDING APPEALS AND APPEALS TO BE FILED HENCEFORTH IN HIGH COURTS/ TRIB UNALS. PENDING APPEALS BELOW THE SPECIFIED TAX LIMITS IN PARA 3 AB OVE MAY BE WITHDRAWN/ NOT PRESSED. APPEALS BEFORE THE SUPREME COURT WILL BE GOVERNED BY THE INSTRUCTIONS ON THIS SUBJECT, OPERA TIVE AT THE TIME WHEN SUCH APPEAL WAS FILED. 5. IT IS NOT IN DISPUTE THAT THE BOARDS INSTRUCTIO N OR DIRECTIONS ISSUED TO THE INCOME- TAX AUTHORITIES ARE BINDING ON THOSE AUTHORITIES, T HEREFORE, THE DEPARTMENT SHOULD HAVE WITHDRAWN/ NOT PRESSED THE PRESENT APPEAL, IN VIEW OF THE AFORESAID INSTRUCTIONS SINCE THE TAX EFFECT IN THE INSTANT APPEAL IS LESS THAN THE A MOUNT OF RS. 10 LACS, PRESCRIBED IN THE ABOVE SAID CBDTS INSTRUCTIONS. 6. KEEPING IN VIEW THE CBDT INSTRUCTION NO. 21/2015 DATED 10 TH DECEMBER, 2015, WE ARE OF THE VIEW THAT THE REVENUE SHOULD HAVE WIT HDRAWN/ NOT PRESSED THE INSTANT APPEAL BEFORE THE TRIBUNAL. WE ARE ALSO OF THE VIE W THAT THE SAID INSTRUCTIONS ARE APPLICABLE FOR THE PENDING APPEALS AND APPEALS TO B E FILED HENCEFORTH IN TRIBUNAL. ACCORDINGLY, THE REVENUES APPEAL IS DISMISSED. 3 7. IN THE RESULT, THE REVENUES APPEAL STANDS DISM ISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 18/10/2017. SD/- SD/- (R.S. SYAL) (H.S. SIDHU) VICE PRESIDENT JUDICIAL MEMBER DATED: 18/10/2017 *SR BHATNAGAR* COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT TRUE COPY BY ORDER, ASSISTANT REGISTRAR