ACIT, Circle-30, Kolkata, Kolkata V. M/s Foto Industries, Kolkata

ITA 642/KOL/2017

• Counselvise Citation: [2019] 115 COUNSELVISE.COM (IT) 7282 (ITAT-KOLKATA)
• Duration Of Justice: 2 year(s) 6 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-10-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2010-2011
• Appeal Filed On: 04-04-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RANU BISWA S CIT LD
• Keywords: Tax effect
• Section: 2

Judgement Text

1 IT A NO S . 642 - 645/KOL/2017 A.YS 2010 - 11 TO 2013 - 14 M/S. FOTO INDUSTRIES , B , IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: KOLKATA () . . , . , ) [BEFORE SHRI A. T. VARKEY, JM & DR. A. L. SAINI, AM ] I.T.A. NO. 642/KOL/2017 A.Y 2010 - 11 I.T.A. NO. 643/KOL/2017 A.Y 2011 - 12 I.T.A. NO. 644/KOL/2017 A.Y 2012 - 13 I.T.A. NO. 645/KOL/2017 A.Y 2013 - 14 ASSISTANT COMMISSIONER OF INCOME - TAX, CIRCLE - 30 , KOLKATA VS. M/S. FOTO INDUSTRIES PAN: AAAFF7739H APP ELLANT RESPONDENT DATE OF HEARING 17 . 10 .201 9 DATE OF PRONOUNCEMENT 1 7 . 1 0 .201 9 FOR THE APP ELLANT SMT. RANU BISWAS, ADDL. CIT,LD.DR FOR THE RESPONDENT NONE APPEARED ORDER PER SHRI A.T.VARKEY, JM TH ESE APPEAL S PREFERRED BY THE REVENUE ARE AGAIN ST THE COMMON ORDER OF THE LD. C IT(A) - 8 , KOLKATA DATED 11 - 01 - 2017 FOR AY S 2010 - 11, 11 - 12, 12 - 13 AND 13 - 14 . 2. AT THE OUTSET ITSELF, IT IS NOTED THAT ALL REVENUE S APPEAL S ARE HIT BY CBDT CIRCULAR NO. 17/2019 DATED 05.05.2019 AND THE TAX EFFECT INVOLVED IN EACH CASE, WHICH IS LESS THAN RS. 50 LACS, THEREFORE, THE REVENUES APPEAL IS NOT MAINTAINABLE IN VIEW OF CITED THE CBDT CIRCULAR NO. 17/2019 DATED 05.05.2019. SINCE TH E TAX EFFECT INVOLVED IN THIS APPEAL OF THE REVENUE IS LESS THAN RS.50 LACS, WE TREAT THE REVENUE APPEAL TO FALL IN THE KEN OF CBDT CIRCULAR (SUPRA) AND SO WE DISMISS IT AS NOT MAINTAINABLE. HOWEVER, THE REVENUE IS AT LIBERTY TO PREFER MISC. APPLICATION TO RECALL THIS ORDER PROVIDED IT FALLS UNDER ANY OF THE EXCEPTION CLAUSES CITED IN THE CBDT CIRCULAR (SUPRA). 2 IT A NO S . 642 - 645/KOL/2017 A.YS 2010 - 11 TO 2013 - 14 M/S. FOTO INDUSTRIES 3. IN THE RESULT, THE APPEAL S OF REVENUE ARE DISMISSED AS DISCUSSED (SUPRA) . ORDER IS PRONOUNCED IN THE OPEN COURT ON 1 7 TH OCTOBER, 2 019 . SD/ - SD/ - ( DR. A. L. SAINI ) ( ABY. T. VARKEY ) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED : 1 7 OCTOBER , 2019 JD.(SR.P.S.) COPY OF THE ORDER FORWARDED TO: 1. APPELLANT ACIT, CIRCLE - 30 , KOLKATA . 2 GARIAHAT ROAD (S), AAYKAR BHAWAN, DAKSHIN, KOLKATA - 68 2 RESPONDENT M/S. FOTO INDUSTRIES 13 JAMIR LANE, GARIAHAT MALL BASEMENT, KOLKATA - 19. 3. 4. 5. CIT(A) - 7 , KOLKATA . (SENT THROUGH E - MAIL) CIT , KOLKATA DR, ITAT, KOLKATA. (SENT THROUGH E - MAIL) / TRUE COPY, BY ORDER, ASSISTANT REGISTRAR