ACIT, CIRCLE- 3(1), NEW DELHI V. AQUAMARINE HEALTHCARE P. LTD., GURGAON

ITA 6237/DEL/2017

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 0322 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 8 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-06-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2013-2014
• Appeal Filed On: 06-10-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: JAGDISH SINGH SENIOR
• Assessee Lawyers: SURESH K GUPTA
• Keywords: Tax effect
• Section: 201; 11

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI FRIDAY BENCH FRIDAY BENCH FRIDAY BENCH FRIDAY BENCH A AA A : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU, ,, , VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND VICE PRESIDENT AND SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA NO. ITA NO. ITA NO. ITA NO. 6237 6237 6237 6237 /DEL/201 /DEL/201 /DEL/201 /DEL/201 7 77 7 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR : : : : 201 201 201 201 3 33 3 - -- - 14 1414 14 ASSISTANT COMM ASSISTANT COMM ASSISTANT COMM ASSISTANT COMM ISSIONER OF ISSIONER OF ISSIONER OF ISSIONER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -3(1), 3(1), 3(1), 3(1), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. VS. VS. VS. VS. M/S AQUAMARINE HEALTHCARE M/S AQUAMARINE HEALTHCARE M/S AQUAMARINE HEALTHCARE M/S AQUAMARINE HEALTHCARE (P) LTD., (P) LTD., (P) LTD., (P) LTD., 1 11 1 ST STST ST FLOOR, PARSAVNATH ARCADIA FLOOR, PARSAVNATH ARCADIA FLOOR, PARSAVNATH ARCADIA FLOOR, PARSAVNATH ARCADIA- -- -1, 1,1, 1, M.G. ROAD, SECTOR M.G. ROAD, SECTOR M.G. ROAD, SECTOR M.G. ROAD, SECTOR- -- -14, GURGAON, 14, GURGAON, 14, GURGAON, 14, GURGAON, HARYANA HARYANA HARYANA HARYANA 122 001. 122 001. 122 001. 122 001. PAN : AAJCA6439P. PAN : AAJCA6439P. PAN : AAJCA6439P. PAN : AAJCA6439P. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI JA GDISH SINGH, SENIOR DR. RESPONDENT BY : SH RI SURESH K. GUPTA, CA. DATE OF HEARING : 19 1919 19.06.2020 .06.2020 .06.2020 .06.2020 DATE OF PRONOUNCEMENT : 19.06.2020 19.06.2020 19.06.2020 19.06.2020 ORDER ORDER ORDER ORDER PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU PER G.S. PANNU, , , , VP VPVP VP : :: : THIS APPEAL BY THE REVENUE FOR THE ASSESSMENT YEAR 2013-14 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-1, NEW DELHI DATED 11 TH JULY, 2017. 2. AT THE TIME OF HEARING BEFORE US, IT WAS SUBMITT ED BY THE LEARNED COUNSEL FOR THE ASSESSEE THAT THE TAX EFFECT IN THI S APPEAL BY THE REVENUE IS BELOW `50 LAKHS. THE CBDT IN ITS CIRCUL AR NO.17/2019 DATED 8 TH AUGUST, 2019 HAS REVISED THE MONETARY LIMIT FOR FI LING OF THE DEPARTMENTAL APPEALS TO THE ITAT AT `50 LAKHS. 3. LEARNED SENIOR DR AGREED THAT THE TAX EFFECT IN THIS APPEAL OF THE REVENUE IS BELOW `50 LAKHS. ITA-6237/DEL/2017 2 4. IN VIEW OF THE ABOVE POSITION, WE DEEM IT PROPER TO DISMISS THE APPEAL OF THE REVENUE IN THE LIGHT OF THE CIRCULAR NO.17/2019 OF THE CBDT DATED 8 TH AUGUST, 2019, AS NOT MAINTAINABLE. 5. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. ABOVE DECISION WAS ANNOUNCED IN THE PRESENCE OF BOT H THE PARTIES ON CONCLUSION OF VIRTUAL HEARING ON 19 TH JUNE, 2020. SD/- SD/- ( (( ( SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA ) )) ) (G.S. PANNU (G.S. PANNU (G.S. PANNU (G.S. PANNU ) )) ) JUDICIAL JUDICIAL JUDICIAL JUDICIAL MEMBER MEMBER MEMBER MEMBER VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : ASSISTANT COMMISSIONER OF INCOME T AX, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, ASSISTANT COMMISSIONER OF INCOME TAX, CI CICI CIRCLE RCLE RCLE RCLE- -- -3(1), NEW DELHI. 3(1), NEW DELHI. 3(1), NEW DELHI. 3(1), NEW DELHI. 2. RESPONDENT : M/S AQUAMARINE HEALTHCARE (P) LTD., M/S AQUAMARINE HEALTHCARE (P) LTD., M/S AQUAMARINE HEALTHCARE (P) LTD., M/S AQUAMARINE HEALTHCARE (P) LTD., 1 11 1 ST STST ST FLOOR, PARSAVNATH ARCADIA FLOOR, PARSAVNATH ARCADIA FLOOR, PARSAVNATH ARCADIA FLOOR, PARSAVNATH ARCADIA- -- -1, 1,1, 1, M.G. ROAD, SECTOR M.G. ROAD, SECTOR M.G. ROAD, SECTOR M.G. ROAD, SECTOR- -- -14, GURGAON, 14, GURGAON, 14, GURGAON, 14, GURGAON, HARYANA HARYANA HARYANA HARYANA 122 001. 122 001. 122 001. 122 001. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR