ITO, Ward-3(1), Ludhiana V. M/s Jassar Papers Pvt. Ltd., Jalandhar

ITA 695/CHANDI/2022

AI Insights

The case involves an appeal by the Income Tax Officer (ITO), Ward 3(1), Ludhiana against M/s Jassar Papers Pvt. Ltd., concerning the assessment year 2020-21. Both the Revenue and the assessee filed appeals against the order of the CIT(A)/NFAC, Delhi dated 25.08.2022. The primary issue was the tax effect involved in the appeal, which amounted to Rs. 50,976, below the Rs. 50 lacs threshold set by the CBDT Circular for filing appeals. The tribunal dismissed the Revenue's appeal based on this monetary limit and also dismissed the assessee's Cross Objection as it became infructuous following the dismissal of the Revenue's appeal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 127505 (ITAT-CHANDIGARH)
• Duration Of Justice: 4 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-04-2023
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 05-04-2023
• Assessment Year: 2020-2021
• Appeal Filed On: 16-11-2022
• Laws Referred To: CBDT Circular dated 08.08.2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

आयकर अपील य अ धकरण,च डीगढ़ यायपीठ , च डीगढ़ IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH ‘B’ CHANDIGARH BEFORE: SHRI A.D.JAIN, VICE PRESIDENT AND SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER आयकर अपील सं./ ITA No. 695/CHD/2022 नधा रण वष / Assessment Year : 2020-21 The ITO, Ward 3(1), Ludhiana. बनाम VS M/s Jassar Papers Pvt.Ltd., 2 nd Floor, G.T. Road, Jalandhar. PAN /TAN No: AABCJ7715P अपीलाथ /Appellant यथ /Respondent & C.O. No. 7/CHD/2022 in आयकर अपील सं. ITA No. 695/CHD/2022 नधा रण वष / Assessment Year : 2020-21 M/s Jassar Papers Pvt.Ltd., 2 nd Floor, G.T. Road, Jalandhar. बनाम VS The ITO, Ward 3(1), Ludhiana. PAN /TAN No: AABCJ7715P अपीलाथ /Appellant यथ /Respondent राज व क ओर से/ Revenue by : Smt. Amanpreet Kaur, Sr.DR नधा रती क ओर से/Assessee by : None तार ख/Date of Hearing : 06.04.2023 उदघोषणा क तार ख/Date of Pronouncement : 10.04.2023 आदेश/ORDER PER VIKRAM SINGH YADAV,A.M. The present appeal by the Revenue and the Cross Objection by the assessee have been filed against the order of the CIT(A)/NFAC, Delhi dated 25.08.2022 pertaining to 2020-21 assessment year. ITA 695/CHD/2022 & CO-7/CHD/2022 A.Y.2020-21 Page 2 of 3 2. Heard ld. Sr.DR for the Revenue and perused the material available on record. 3. It is noted that the tax effect involved in the present appeal is Rs.50,976/-. Accordingly, in terms of the CBDT Circular dated 08.08.2019 wherein the Department has specified the monetary limit for an appeal to be filed by the Revenue before the ITAT as Rs. 50 lacs, the appeal so filed by the Revenue is not maintainable. 4. In view of the above facts and circumstances, the present appeal filed by the Department is dismissed due to low tax effect with a liberty to seek recall in case the matter falls under any of the exceptions so carved out in the aforesaid circular. 5. It is, however, clarified that the dismissal of the above appeal shall not be taken to be affirmation of the order of the CIT(A) on merits. The legal issue raised by the Revenue is being left open to be adjudicated in an appropriate case. 6. In view of the dismissal of the appeal of the Revenue, the Cross Objection filed by the assessee is dismissed as infructuous. 6. In the result the appeal of the Revenue and the Cross Objection of the assessee are dismissed. Order pronounced in the Open Court on 10 th April,2023. Sd/- Sd/- (A.D.JAIN ) (VIKRAM SINGH YADAV) VICE PRESIDENT ACCOUNTANTMEMBER ITA 695/CHD/2022 & CO-7/CHD/2022 A.Y.2020-21 Page 3 of 3 “Poonam” आदेश क琉 灹ितिलिप अ灡ेिषत/ Copy of the order forwarded to : 1. अपीलाथ牸/ The Appellant 2. 灹瀄यथ牸/ The Respondent 3. आयकर आयु猴/ CIT 4. िवभागीय 灹ितिनिध, आयकर अपीलीय आिधकरण, च瀃डीगढ़/ DR, ITAT, CHANDIGARH 5. गाड榁 फाईल/ Guard File आदेशानुसार/ By order, सहायक पंजीकार/ Assistant Registrar