ITO, Ward-25(2), New Delhi V. Teesta Urja Ltd, New Delhi

ITA 6887/DEL/2018

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 7938 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-11-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2014-2015
• Appeal Filed On: 30-10-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: ‘G’ NEW DELHI BEFORE SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER AND SHRI O.P. KANT, ACCOUNTANT MEMBER [Through Video Conferencing] ITA No.6887/Del/2018 Assessment Year: 2014-15 ITO, Ward-25(2), New Delhi Vs. M/s. Teesta Urja Ltd., 2 nd Floor, Vijaya Building, 17-Barakhamba Road, Connaught Place, New Delhi PAN :AACCT2402L (Appellant) (Respondent) ORDER PER O.P. KANT, AM: The present appeal by the Revenue is directed against the order dated 21.08.2018 passed by Commissioner of Income-tax (Appeals)-IX, New Delhi, for assessment year 2014-15. 2. At the outset, the learned Sr. DR brought to our attention that CBDT, vide Circular No. 17/2019 dated 08 th August, 2019, has decided that the Revenue would not prefer any appeal before the Tribunal, if the tax effect is less than Rs.50 lakhs. Therefore, Appellant by Sh. Ved Jain, Adv. Respondent by Sh. Umesh Takyar, Sr.DR Date of hearing 23.11.2021 Date of pronouncement 23.11.2021 2 ITA No.6887/Del/2018 (M/s. Teesta Urja Ltd.) he pleaded that the appeal of the Revenue be decided as per the Instruction of the CBDT. 3. We have heard learned Representatives of both the parties through Video Conferencing and perused the relevant material record. We find that the CBDT vide Circular No. 17/2019 dated 08.08.2019, has enhanced the monetary limit for filing of appeals by the Department before the Income Tax Appellate Tribunal from Rs.20 lakhs to Rs.50 lakhs. The said circular also makes reference to the earlier Circular No. 3/2018, dated 11.7.2018 and, especially states that as a step towards further management of litigation, the Board has decided to enhance the monetary limit for filing of the appeals. This circular is not in supersession of the earlier circular but only amends the monetary limits as well as gives clarification with regard to paragraph 5 of the earlier circular. This, inter alia, means that all the other conditions mentioned in the earlier Circular No. 3 of 2018 dated 11.7.2018 will apply mutatis mutandis including that, it will apply to all the pending appeals. 4. Further, CBDT vide Circular dated 20 th August, 2019 (F. No. 279/19-93/2018-ITJ), has clarified that it will apply to all pending appeals. Thus, in view of the aforesaid circular, the appeal of the Revenue is dismissed as non-maintainable as the tax effect involved in the appeal is below Rs.50 lakhs. However, it is made clear that the Department is at liberty to file Miscellaneous Application for recalling of the order, if the tax effect is found to be more than the prescribed limit of Rs.50,00,000/- or any of the conditions etc., as available in the 3 ITA No.6887/Del/2018 (M/s. Teesta Urja Ltd.) amendment carried out in para 10 of Circular No. 3/2018, dated 20.08.2018, is made out. 5. In the result, the appeal of the Revenue is dismissed. Order pronounced in the open court Sd/- Sd/- (SUDHANSHU SRIVASTAVA) (O.P. KANT) JUDICIAL MEMBER ACCOUNTANT MEMBER Dated: 23 rd November, 2021. RK/- Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR Asst. Registrar, ITAT, New Delhi