Income Tax Officer (Exemptions), Ward-1, Bengaluru V. M/s. Canara Education Trust, Bengaluru

ITA 645/BANG/2021

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 5558 (ITAT-BANGALORE)
• Duration Of Justice: 4 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-03-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2014-2015
• Appeal Filed On: 23-11-2021
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: PRIYADARSHI MISHRA
• Keywords: Tax effect

Judgement Text

ITA No.645/Bang/2021 M/s. Canara Education Trust, Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “B’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA No.645/Bang/2021 Assessment Year: 2014-15 ITO(Exemptions) Ward-1 Bengaluru Vs. M/s. Canara Education Trust III Stage, III Block Florence High School Basaveshwaranagar Bengaluru 560 079. PAN NO : AAATC0857B APPELLANT RESPONDENT Appellant by : Shri Priyadarshi Mishra, D.R. Respondent by : Smt. Suman Lunkar, A.R. Date of Hearing : 31.03.2022 Date of Pronouncement : 31.03.2022 O R D E R PER CHANDRA POOJARI, ACCOUNTANT MEMBER: The revenue has filed this appeal challenging the order dated 25.08.2021 passed by Ld. CIT(A), National Faceless Appeal Centre, New Delhi and it relates to assessment year 2014-15. 2. At the time of hearing, the Ld. A.R. submitted that the tax effect involved in the quantum disputed by the revenue is less than Rs.50 lakhs and hence in view of the circular no.17/2019 dated 8.8.2019, the revenue is precluded from pursuing this appeal. ITA No.645/Bang/2021 M/s. Canara Education Trust, Bangalore Page 2 of 2 3. We heard Ld. D.R. who did not dispute the factual aspects presented by Ld. A.R. Since the tax effect on the quantum in dispute is less than the monetary limit of Rs.50 lakhs prescribed by the CBDT in the circular referred above for preferring appeal before Tribunal by the revenue, the present appeal is liable to be dismissed. However, the revenue is given liberty to move appropriate application in accordance with law for recall of this order, if it is later found that the issue contested in the appeal is covered by any of the exceptions given in the circular. 4. In the result, the appeal of the revenue is dismissed. Order pronounced in the open court on 31 st Mar, 2022 Sd/- (Beena Pillai) Judicial Member Sd/- (Chandra Poojari) Accountant Member Bangalore, Dated 31 st Mar, 2022. VG/SPS Copy to: 1. The Applicant 2. The Respondent 3. The CIT 4. The CIT(A) 5. The DR, ITAT, Bangalore. 6. Guard file By order Asst. Registrar, ITAT, Bangalore.