DCIT, Circle-24(2), New Delhi V. Sugam Vanijya Holdings P.Ltd, Bengluru

ITA 585/DEL/2020

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 121195 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 11 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-01-2023
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Next Hearing Date: 15-01-2023
• Assessment Year: 2010-2011
• Appeal Filed On: 29-01-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI BEFORE SH. N. K. BILLAIYA, ACCOUNTANT MEMBER AND SH. ANUBHAV SHARMA, JUDICIAL MEMBER ITA No.585/DEL/2020 Assessment Year: 2010-11 DCIT Circle -24 (2) New Delhi Vs Sugam Vanijya Holdings Pvt. Ltd. VR Bengaluru, No.11B, Survey No.40/9, Dyvasandra (APPELLANT) (RESPONDENT) Appellant by Sh. H. K. Choudhary, CIT DR Respondent by Sh. Rishab Malhotra, Advocate Date of hearing: 16/01/2023 Date of Pronouncement: 16/01/2023 ORDER PER N. K. BILLAIYA, AM: This appeal by the revenue is preferred against the order of the CIT(A)-8, New Delhi dated 01.11.2019 pertaining to A.Y.2010- 11. 2. The solitary grievance of the revenue involves deletion of the addition of Rs.87,0301/-. The tax effect involved is Rs.295820/-, therefore, this appeal by the revenue has to be dismissed in the light of the CBDT Circular No. 17/2019 dated 08.08.2019. 3. This appeal is, accordingly, dismissed with liberty to the revenue to approach the Tribunal as per the provisions of law, should it feel that the tax effect is more than Rs. 50 lakhs. 2 4. In the result, the appeal filed by the revenue is dismissed. 5. The order is pronounced in the open court on 16.01.2023. Sd/- Sd/- (ANUBHAV SHARMA) (N. K. BILLAIYA) JUDICIAL MEMBER ACCOUNTANT MEMBER *NEHA* Date:- .01.2023 Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI