Addl.CIT, Special Range-4, New Delhi V. IIGM Pvt. Ltd., New Delhi

ITA 6726/DEL/2017

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 4047 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 11 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-10-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2014-2015
• Appeal Filed On: 07-11-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RAKHI VIMAL SENIOR
• Keywords: Tax effect

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 BENCH BENCH BENCH 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 BEFORE BEFORE BEFORE SHRI G.S. PANNU, VICE PRESIDENT SHRI G.S. PANNU, VICE PRESIDENT SHRI G.S. PANNU, VICE PRESIDENT SHRI G.S. PANNU, VICE PRESIDENT AND AND AND AND SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER ITA NO. ITA NO. ITA NO. ITA NO. 6726 6726 6726 6726 /DEL/2017 /DEL/2017 /DEL/2017 /DEL/2017 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR : : : : 20 2020 20 1 11 1 4 44 4 - -- - 15 1515 15 ADDITIONAL COMMISSION ADDITIONAL COMMISSION ADDITIONAL COMMISSION ADDITIONAL COMMISSION ER OF ER OF ER OF ER OF INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, SPECIAL RANGE SPECIAL RANGE SPECIAL RANGE SPECIAL RANGE- -- -4, 4,4, 4, NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. VS. VS. VS. VS. M/S IIGM PVT.LTD., M/S IIGM PVT.LTD., M/S IIGM PVT.LTD., M/S IIGM PVT.LTD., B BB B- -- -112, OKHLA INDUSTRIAL AREA, 112, OKHLA INDUSTRIAL AREA, 112, OKHLA INDUSTRIAL AREA, 112, OKHLA INDUSTRIAL AREA, PHASE PHASE PHASE PHASE- -- -1, 1, 1, 1, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 020. 110 020. 110 020. 110 020. PAN : AAACI0110N. PAN : AAACI0110N. PAN : AAACI0110N. PAN : AAACI0110N. (APPELLANT) (RESPONDENT) APPELLANT BY : MS. RAKHI VIMAL, SENIOR DR. RESPONDENT BY : NONE. DATE OF HEARING : 28 2828 28.10.2020 .10.2020 .10.2020 .10.2020 DATE OF PRONOUNCEMENT : 28 2828 28.10 .10.10 .10.2020 .2020 .2020 .2020 ORDER ORDER ORDER ORDER PER G.S. PANNU, VICE PER G.S. PANNU, VICE PER G.S. PANNU, VICE PER G.S. PANNU, VICE PRESIDENT PRESIDENT PRESIDENT PRESIDENT : :: : THIS APPEAL BY THE REVENUE FOR THE ASSESSMENT YEAR 2014-15 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-35, NE W DELHI DATED 17 TH AUGUST, 2017. 2. IT IS OBSERVED THAT THE TAX EFFECT IN THIS APPEA L BY THE REVENUE IS BELOW `50 LAKHS. THE CBDT IN ITS CIRCULAR NO.17/201 9 DATED 8 TH AUGUST, 2019 HAS REVISED THE MONETARY LIMIT FOR FILING OF T HE 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-6726/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 ON CONCLUSION OF VIRTU AL HEARING ON 28 TH OCTOBER, 2020. SD/- SD/- ( (( ( SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA ) )) ) (G.S. PANNU (G.S. PANNU (G.S. PANNU (G.S. PANNU ) )) ) JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER VI VIVI VI CE CE CE CE PRESIDENT PRESIDENT PRESIDENT PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : ADDITIONAL COMMISSIONER OF INCOME TAX, ADDITIONAL COMMISSIONER OF INCOME TAX, ADDITIONAL COMMISSIONER OF INCOME TAX, ADDITIONAL COMMISSIONER OF INCOME TAX, SPECIAL RANGE SPECIAL RANGE SPECIAL RANGE SPECIAL RANGE- -- -4, NEW DELHI. 4, NEW DELHI. 4, NEW DELHI. 4, NEW DELHI. 2. RESPONDENT : M/S IIGM PVT.LTD., M/S IIGM PVT.LTD., M/S IIGM PVT.LTD., M/S IIGM PVT.LTD., B BB B- -- -112, OKHLA INDUSTRIAL AREA, PHASE 112, OKHLA INDUSTRIAL AREA, PHASE 112, OKHLA INDUSTRIAL AREA, PHASE 112, OKHLA INDUSTRIAL AREA, PHASE- -- -1, 1, 1, 1, NEW DELHI NEW DELHI NEW DELHI NEW DELHI 110 020. 110 020. 110 020. 110 020. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR