M/s. Bodhi Properties Pvt. Ltd., New Delhi V. ACIT, New Delhi

ITA 5790/DEL/2013

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 6691 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 9 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-07-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 04-05-2017
• Assessment Year: 2003-2004
• Appeal Filed On: 30-10-2013
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: A S WELL AS
• Assessee Lawyers: ARISE OUT OF
• Keywords: Retrospective amendment; Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : A , NEW DELHI BEFORE SHRI AMIT SHUKLA , JUDICIAL M EMBER AND SHRI O.P. KANT , ACCOUNTANT MEMBER ITA NO .5790 /DE L/ 2013 ASSESSMENT YEAR: 2003 - 04 BODHI PROPERTIES PVT. LTD. (NOW KNOWN AS EFFECTIVE INFRASTRUCTURES PVT. LTD.), M - 78/A, BASEMENT, MALVIYA NAGAR, NEW DELHI VS. ACIT, CENTRAL CIRCLE - 17, NEW DELHI PAN : AACCE9253E ( APPELLANT ) (RESPONDENT) AND ITA NO .5946 /DEL/ 2013 ASSESSMENT YEAR: 2003 - 04 ACIT, CENTRAL CIRCLE - 17, NEW DELHI VS. BODHI PROPERTIES PVT. LTD., M - 78/A, BASEMENT, MALVIYA NAGAR, NEW DELHI PAN : AACCB1006C (APPELLANT) (RESPONDENT) ORDER PER O.P. KANT , A. M. : THESE CROSS APPEALS BY THE REVENUE AS WELL AS BY THE ASSESSEE ARISE OUT OF THE ORDER PASSED BY THE CIT(A) IN RELATION TO THE ASSESSMENT YEAR 2003 - 04 . ASSESSEE BY SHRI B.K. DHINGRA, CA DEPARTMENT BY MS. APARNA KIRA N , CIT(DR) DATE OF HEARING 30.07.2018 DATE OF PRONOUNCEMENT 30.07.2018 2 ITA NO. 5790/DEL/2013 & 5946/DEL/2013 2. THE LEARNED CIT(DR) ALTHOUGH SUPPORTED THE ORDER OF THE ASSESSING OFFICER, BUT COULD NOT CONTROVERT THE FACT THAT THE TAX EFFECT INVOLVED IN THE CASE IS LESS THAN RS.20,00,000/ - 3. WE HAVE HEARD BOTH THE PARTIES AND PERUSED THE RELEVANT MATERIAL ON RECORD. IT IS NOTICED THAT RECENTLY THE CBDT HAS ISSUED CIRCULAR NO. 03 OF 2018, DATED 11TH JULY, 2018 WITH RETROSPECTIVE EFFECT, REVISING THE MONETARY LIMIT TO RS.20,00,000/ - FOR NOT FILING APPEALS BEFORE THE TRIBUNAL 4. FROM THE ABOVE CIRCULAR, IT IS PALPABLE THAT THE INSTRUCTION IS APPLICABLE TO THE PENDING APPEALS ALSO WITH RETROSPECTIVE EFFECT AND THERE IS A CLEAR - CUT DIRECTION TO THE DEPARTMENT TO WITHDRAW OR NOT PRESS SUCH APPEALS FILED BEFORE THE ITAT, WHEREIN T AX EFFECT IS LESS THAN RS.20,00,000/ - . GOING BY THE PRESCRIPTION OF THE AFORE - NOTED CIRCULAR, WE ARE OF THE VIEW THAT THE REVENUE SHOULD HAVE EITHER NOT FILED THE INSTANT APPEAL BEFORE THE TRIBUNAL OR WITHDRAWN THE SAME AS THE TAX EFFECT IN THE APPEAL IS A DMITTEDLY LESS THAN THE PRESCRIBED LIMIT, I.E., RS. 20,00,000/ - FOR NOT FILING THE APPEAL. ACCORDINGLY, WE DISMISS THE INSTANT APPEAL FILED BY THE REVENUE WITHOUT GOING INTO MERITS OF THE CASE. HOWEVER, THE DEPARTMENT IS AT LIBERTY TO FILE MISCELLANEOUS AP PLICATION, IF THE TAX EFFECT IS FOUND TO BE MORE THAN THE PRESCRIBED LIMITED OF RS.20,00,000/ - OR OTHERWISE. ACCORDINGLY, THE APPEAL OF THE REVENUE STAND S DISMISSED. 5. AS REGARDS THE APPEAL FILED BY THE ASSESSEE, I.E., ITA NO. 5790/DEL/2013 , SHRI B.K. DH INGRA , CA , APPEARING FOR THE ASSESSEE , SUBMITS THAT HE DOES NOT WANT TO PRESS THIS APPEAL, THEREFORE, THE SAME I S DISMISSED AS WITHDRAWN. 3 ITA NO. 5790/DEL/2013 & 5946/DEL/2013 6. IN THE RESULT, THE APPEAL FILED BY REVENUE AS WELL AS THE APPEAL FILED BY ASSESSEE ARE DISMISSED. THE DECISION IS PRONOUN CED IN THE OPEN COURT ON 3 0 T H JULY , 201 8 . S D / - S D / - ( AMIT SHUKLA ) ( O.P. KANT ) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 3 0 T H JULY , 201 8 . RK / - (D.T.D . ) COPY FORWARDED TO: 1 . APPELLANT 2 . RESPONDENT 3 . CIT 4 . CIT(A) 5 . DR ASST. REGISTRAR, ITAT, NEW DELHI