JCIT, (OSD), CIR-4(1), KOLKATA, Kolkata V. M/s Beeyu Overseas Ltd., Kolkata

ITA 630/KOL/2016

• Counselvise Citation: [2018] 112 COUNSELVISE.COM (IT) 5241 (ITAT-KOLKATA)
• Duration Of Justice: 2 year(s) 6 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-10-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2004-2005
• Appeal Filed On: 07-04-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: C J SINGH
• Assessee Lawyers: MIRAJ D. SHAH
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH A, KOLKATA BEFORE SHRI J. SUDHAKAR REDDY, AM AND SHRI S.S. VISWANETHRA RAVI, JM I.T.A. NO. 630/KOL/2016 ASSESSMENT YEAR: 2004-05 JCIT (OSD) CIRCLE 4(1) KOLKATA............................................................APPELLANT P-7, CHOWRINGHEE SQUARE, KOLKATA 700 069. VS. M/S. BEEYU OVERSEAS LTD.................RESPONDENT 64A, BALLYGUNGE CIRCULAR ROAD, KOLKATA 700 019. [PAN : AABCB 3327 K] APPEARANCES BY: SHRI C.J. SINGH, ADDL. CIT, SR. DR APPEARING ON BEHALF OF THE REVENUE. SHRI MIRAJ D. SHAH, FCA APPEARING ON BEHALF OF THE ASSESSEE. DATE OF CONCLUDING THE HEARING : OCTOBER 9 TH , 2018 DATE OF PRONOUNCING THE ORDER : OCTOBER 9 TH , 2018 ORDER PER S.S. VISWANETHRA RAVI, JM IN THE REVENUE APPEAL, THE UNDISPUTED FACT IS THAT THE TAX EFFECT DOES NOT EXCEED THE MONETARY LIMIT OF RS.20,00,000/-, FIXED BY THE CBDT CIRCULAR NO.3/2018, F. NO. 279/MISC. 142/2007-ITJ (PT), DT. 11 TH JULY, 2018. AS MANDATED BY THIS ABOVE REFERRED CIRCULAR NO. 3/2018, THE APPEAL IS DISMISSED AS WITHDRAWN. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 9 TH OCTOBER, 2018. SD/- SD/- J. SUDHAKAR REDDY S.S. VISWANETHRA RAVI ACCOUNTANT MEMBER JUDICAL MEMBER DATED: 09/10/2018 BISWAJIT, SR.PS 2 I.T.A. NO. 630/KOL/2016 ASSESSMENT YEAR: 2004-05 M/S. BEEYU OVERSEAS LTD. COPY OF ORDER FORWARDED TO: 1. M/S. BEEYU OVERSEAS LTD., 64A, BALLYGUNGE CIRCULAR ROAD, KOLKATA 700 019. 2. JCIT (OSD) CIRCLE 4(1), P-7, CHOWRINGHEE SQUARE, KOLKATA 700 069. 3. THE CIT(A) 4. THE CIT 5. DR TRUE COPY, BY ORDER, SR. P.S. / H.O.O. ITAT, KOLKATA