DCIT 12(1)(2), MUMBAI V. BILLETS ELKTRO WERKE LTD, MUMBAI

ITA 6954/MUM/2016

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 0425 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 11 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-11-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2011-2012
• Appeal Filed On: 28-11-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: MARRAPU NAVEEN
• Assessee Lawyers: INDRASEN M SINGH
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH B , MUMBAI BEFORE SHRI B.R. BASKARAN, ACCOUNTANT MEMBER AND SHRI SANDEEP GOSAIN , JUDICIAL MEMBER ITA NO.6954 /MUM/201 6 ASSESSMENT YEAR: 2011 - 1 2 DCIT 12(1)( 2 ) ROOM NO. 223 , 2 ND FLOOR, AAYAKAR BHAVAN , MUMBAI. VS. M/S. BILLETS ELKTRO WERKE LTD., 42, 2 ND FLOOR, JAGPAT SADGURU INDL ESTATE, OFF AAREAY RD, GOREGOAN (E), MUMBAI, PAN: AAACB2027P (APPELLANT) (RESPONDENT) REVENUE BY : SHRI MARRAPU NAVEEN (DR) ASSESSEE BY : SHRI INDRASEN M. SINGH (AR) DATE OF HEARING : 13 .11.2018 DATE OF PRONOUNCEMENT : 27 .11 .201 8 O R D E R PER SANDEEP GOSAIN , JM: 1. THIS IS REVENUES APPEAL FOR THE A.Y 2011 - 12 AGAINST THE ORDER OF THE CIT(A) - 20, MUMBAI DATED 28.06.2016. 2. AT THE TIME OF HEARING, IT HAS BEEN BROUGHT TO OUR NOTICE THAT THE TAX EFFECT IN THIS APPEAL IS LESS THAN RS. 20 LAKHS. ON VERIFICATION OF THE ASSESSMENT ORDER, IT IS NOTICED THAT THE ADDITION WHICH HAS BEEN DELETED BY THE CIT(A) IS ONLY RS. 32,50,356 / - A ND THE TAX EFFECT THEREON IS LESS THAN RS. 20 LAKHS . IN THE LIGHT OF THE CBDT CIRCULAR NO. 03/2018 DATED 11.07.2018 THE REVENUES APPEAL IS DISMISSED ON ACCOUNT OF LOW TAX EFFECT. 2 ITA NO. 6954 /MUM/201 6 . M/S BILLETS ELEKTRO WERKE LTD. , MUMBAI WITH THE LIBERTY TO THE REVENUE TO APPROACH THIS TRIBUNAL IN AN M.A IF THE CASE FALLS UNDER ANY OF THE EXCEPTIONS TO THE ABOVE CIRCULAR. 3. IN THE RESULT, APPEAL FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OP EN COURT ON THIS 2 7 T H NOV , 201 8 . S D / - S D / - ( B.R. BASKARAN ) ( SANDEEP GOSAIN ) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI; DATED 2 7 /11 /201 8 KRK / PS / COPY OF THE ORDER FORWARDED TO : / BY ORDER, / (ASSTT.REGISTRAR) , / ITAT, MUMBAI 1. / THE APPELLANT 2. / THE RESPONDENT. 3. ( ) / THE CIT(A), MUMBAI. 4. / CIT 5. , , / DR, ITAT, MUMBAI 6. / GUARD FILE. //TRUE COPY/