ACIT, Ludhiana V. M/s Kaur Sain Spinners Ltd., Ludhiana

ITA 612/CHANDI/2017

• Counselvise Citation: [2018] 112 COUNSELVISE.COM (IT) 5420 (ITAT-CHANDIGARH)
• Duration Of Justice: 1 year(s) 6 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-10-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2010-2011
• Appeal Filed On: 06-04-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BE NCH B, CHANDIGARH , !, . .. . # $, %& BEFORE: SHRI. SANJAY GARG, JM & DR. B.R.R. KUMAR , AM ./ ITA NO. 744/CHD/2016 ( !) / ASSESSMENT YEAR : 2004-05 THE DCIT CIRCLE-I, LUDHIANA M/S AKAL SPRINGS LTD. A-8, PHASE-V FOCAL POINT, LUDHIANA ./ PAN NO: AABCA4456A / APPELLANT / RESPONDENT CROSS OBJECTION NO. 32/CHD/2016 (IN ITA NO. 744/CHD/2016) ASSESSMENT YEAR: 2004-05 M/S AKAL SPRINGS LTD. A-8, PHASE-V FOCAL POINT, LUDHIANA THE DCIT CIRCLE-I, LUDHIANA ( *+ , - %/ ASSESSEE BY : NONE ./ ITA NO. 862/CHD/2018 ( !) / ASSESSMENT YEAR : 2013-14 THE ACIT C-6 LUDHIANA SH. VIVEK VERMA 126, CIVIL LINES GREEN PARK, LUDHIANA ./ PAN NO: AAOPV1881G / APPELLANT / RESPONDENT CROSS OBJECTION NO. 44/CHD/2018 (IN ITA NO. 862/CHD/2018) ASSESSMENT YEAR: 2013-14 SH. VIVEK VERMA 126, CIVIL LINES GREEN PARK, LUDHIANA THE ACIT C-6 LUDHIANA ( *+ , - %/ ASSESSEE BY : NONE ./ ITA NO. 61/CHD/2017 ( !) / ASSESSMENT YEAR : 2007-08 THE DCIT C-6 LUDHIANA M/S IOL CHEMICALS & PHARMACEUTICALS LTD. 85, INDUSTRIAL AREA-A, LUDHIANA ./ PAN NO: AABCI1842A / APPELLANT / RESPONDENT ( *+ , - %/ ASSESSEE BY : SHRI ASHWANI KUMAR 2 ./ ITA NO. 888/CHD/2018 ( !) / ASSESSMENT YEAR : 2008-09 THE ASSTT. CIT CIRCLE 2(1) CHANDIGARH SH. SANJAY DAHUJA H.NO. 76, SECTOR-7 PANCHKULA ./ PAN NO: ABDPD7904N / APPELLANT / RESPONDENT ( *+ , - %/ ASSESSEE BY : SHRI ATUL MANDHAR ./ ITA NO. 61/CHD/2016 ( !) / ASSESSMENT YEAR : 2011-12 THE DY. CIT CIRCLE-6, SHIMLA M/S HOTEL LANDMARK THE MALL, SHIMLA ./ PAN NO: AAEFH9693Q / APPELLANT / RESPONDENT ./ ITA NO. 419/CHD/2017 ( !) / ASSESSMENT YEAR : 2013-14 THE DCIT CIRCLE, SHIMLA M/S HOTEL LANDMARK THE MALL, SHIMLA ./ PAN NO: AAEFH9693Q / APPELLANT / RESPONDENT ( *+ , - %/ ASSESSEE BY : SHRI ASHWANI KUMAR ./ ITA NOS. 611 & 612/CHD/2017 ( !) / ASSESSMENT YEARS : 2009-10 & 2010-11 THE ACIT CENTRAL CIRCLE-II, LUDHIANA KAUR SAIN SPINNERS LTD. GALI NO. 9, GURU ARJUN DEV NAGAR, LUDHIANA ./ PAN NO: AABCK6958K / APPELLANT / RESPONDENT CROSS OBJECTION NOS. 37 & 38/CHD/2017 (IN ITA NOS. 611 & 612/CHD/2017) ASSESSMENT YEARS: 2009-10 & 2010-11 KAUR SAIN SPINNERS LTD. GALI NO. 9, GURU ARJUN DEV NAGAR, LUDHIANA THE ACIT CENTRAL CIRCLE-II, LUDHIANA ( *+ , - %/ ASSESSEE BY : SHRI ASHWANI KUMAR ! , - %/ REVENUE BY : SHRI. MANJIT SINGH / DATE OF HEARING : 30/10/2018 !'# / DATE OF PRONOUNCEMENT : 30/10/2018 3 %./ ORDER PER BENCH : ALL THE ABOVE APPEALS HAVE BEEN FILED BY THE REVENU E AND CROSS OBJECTIONS FILED BY DIFFERENT ASSESSES. 2. ACCORDING TO CIRCULAR NO. 03/2018 DATED 11/07/20 18, THE CBDT IN SUPERSESSION OF EARLIER INSTRUCTIONS HAS DIRECTED T HAT DEPARTMENTS APPEALS BEFORE ITAT SHALL NOT BE FILED IN CASES WHERE THE T AX EFFECT DOES NOT EXCEED THE MONETARY LIMIT OF RS. 20 LACS. THE TAX WILL NOT IN CLUDE ANY INTEREST THEREON. IT IS FURTHER CLARIFIED THAT IF IN THE CASE OF AN ASSESSE E, DISPUTED ISSUES ARISE IN MORE THAN ONE ASSESSMENT YEAR, APPEAL CAN BE FILED IN RE SPECT OF SUCH ASSESSMENT YEAR OR YEARS IN WHICH THE TAX EFFECT IN RESPECT OF DISPUTED ISSUES EXCEEDS THE MONETARY LIMIT SO SPECIFIED. 3. ADMITTEDLY, IN THE DEPARTMENTAL APPEALS, THE TAX EFFECT IS LESS THAN RS. 20 LACS, THEREFORE, DEPARTMENTAL APPEAL IS NOT MAINTAI NABLE. THE LD. DR COULD NOT BRING TO OUR NOTICE ANY EXCEPTIONS MENTIONED IN THE SAID CIRCULAR. 4. IN VIEW OF THE ABOVE, ALL THE APPEALS OF THE REV ENUE ARE DISMISSED. 5. CROSS OBJECTIONS OF THE ASSESSEES ARE NOT PRES SED BEFORE US, THEREFORE NEEDS NO ADJUDICATION AND HENCE TREATED AS DISMISSE D. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- . .. . # $, (SANJAY GARG) (DR. B.R.R. KUMAR) / JUDICIAL MEMBER %& / ACCOUNTANT MEMBER AG DATE: 30/10/2018 $ % &'( ) ('/ COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. $ $ */ CIT 4. $ $ * ()/ THE CIT(A) 5. (-. &&/0, $ $/0#, 234.5/ DR, ITAT, CHANDIGARH 6. .46 7/ GUARD FILE