Assistant Commissioner of Income-tax, V. Shri Ratanlal Chunilal Bafna, Jalgaon

ITA 58/PUN/2016

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 5943 (ITAT-PUNE)
• Duration Of Justice: 3 year(s) 10 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-11-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 16-10-2018
• Assessment Year: 2007-2008
• Appeal Filed On: 13-01-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: HOSHANG BOMAN IRANI
• Keywords: Tax effect
• Section: 201; 6; 56

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH, PUNE BEFORE SHRI D. KARUNAKARA RAO , ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, J UDICIAL MEMBER . / ITA NO S . 5 6 , 58 & 59 /PUN/201 6 / ASSESSMENT YEAR S : 20 05 - 06, 2007 - 08 & 2010 - 11 THE ASST. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE - 2, NASHIK ....... / APPELLANT / V/S. SHRI RATANLAL CHUNILAL BAFNA, PROP. R.C. BAFNA SILVER PALACES, 96, SUBASH CHOWK, JALGAON - 425001 PAN : AA MPB3939K / RESPONDENT ASSESSEE BY : SHRI SUNIL GANOO REVENUE BY : SHRI HOSHANG BOMAN IRANI / DATE OF HEARING : 2 1 - 11 - 2019 / DATE OF PRONOUNCEMENT : 21 - 11 - 2019 / ORDER PER S.S. VISWANETHRA RAVI, JM : TH E CAPTIONED APPEAL S BY THE REVENUE AGAINST THE ORDER S DATED 20 - 10 - 201 5 AND 21 - 10 - 2015 PASSED BY THE COMMISSIONER OF INCOME TAX (APPEALS) - 1 2 , PUNE FOR ASSESSMENT YEAR S 2005 - 06, 2007 - 08 AND 20 1 0 - 1 1 . 2 ITA NO S . 56, 58 & 59 /PUN/201 6 , A.Y S . 2005 - 06, 2007 - 08 & 20 1 0 - 1 1 2. ADMITTEDLY, THE TAX EFFECT INVOLVED IN THE CAPTIONED APPEAL S IS BELOW MONETARY LIMIT FIXED BY THE CBDT CIRCULAR VIDE ITS LATEST CIRCULAR NO. 17/2019, DATED 08 - 08 - 2019. THUS, GROUNDS RAISED BY THE REVENUE FAIL AND THE APPEAL S ARE NOT MAINTAINA BLE. THEREFORE, THE APPEAL S OF REVENUE ARE DISMISSED AS WITHDRAWN IN TERMS OF CBDT CIRCULAR MENTIONED HERE - IN - ABOVE. 3. IN THE RESULT, THE APPEAL S OF REVENUE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 2 1 ST NOVEM BER, 2019. SD/ - SD/ - ( D.KARUNAKARA RAO ) (S.S. VISWANETHRA RAVI) ACCOUNTANT MEMBER JUDICIAL MEMBER / PUNE; / DATED : 21 ST NOVE MBER, 2019 GCVSR / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT. 2. / THE RESPONDENT. 3. ( ) / THE CIT(A) - 1 2 , PUNE 4. THE PR. CIT CENTRAL , NAGPUR 5. , , , / DR, ITAT, B BENCH, PUNE. 6. / GUARD FILE. // // TRUE COPY// / BY ORDER, / SR. PRIVATE SECRETARY , / ITAT, PUNE