ACIT, Sangrur V. M/s Satyam Home Furnishing Pvt. Ltd., Barnala

ITA 699/CHANDI/2016

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 2367 (ITAT-CHANDIGARH)
• Duration Of Justice: 2 year(s) 4 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-10-2018
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: Not Allotted
• Assessment Year: 2011-2012
• Appeal Filed On: 03-06-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: MANJIT SINGH
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BE NCH B,CHANDIGARH !, ' # $ . .. . & , '( # BEFORE: SMT. DIVA SINGH, JM & DR. B.R.R.KUMAR, AM ./ ITA NO. 699/CHD/2016 / A.Y : 2011-12 THE ACIT, CIRCLE, SANGRUR. VS M/S SATYAM HOME FURNISHING P.LTD., MANSA ROAD, DHAULA, BARNALA. ./ PAN NO.AABCJ8398J / APPELLANT / RESPONDENT ! / REVENUE BY : SHRI MANJIT SINGH, SR.DR '# ! / ASSESSEE BY : SHRI ASHWANI KUMAR $ % #&/ DATE OF HEARING : 11.10.2018 '()* #&/ D ATE OF PRONOUNCEMENT : 31.10.2018 ')/ ORDER PER DIVA SINGH THE PRESENT APPEAL HAS BEEN FILED BY THE REVENUE ASSAILING THE CORRECTNESS OF THE ORDER DATED 30.03.2016 OF CIT(A) PATIALA PERTAINING TO 2011-12 ASSESSMENT YEAR ON VARIOUS GROUNDS. 2. IT WAS COMMON STAND OF THE PARTIES BEFORE THE BE NCH THAT THE TAX EFFECT INVOLVED IN THE PRESENT APPEAL IS LESS THAN RS. 20 LACS. THE LD. A R MAKES A PRAYER THAT THE APPEAL HAVING BEEN FILED IN VIOLATION OF CBDT CIRCULAR NO. 3/2018 DATE D 11.07.2018 MAY BE DISMISSED. THE LD. SR.DR ON GOING THROUGH THE MATERIAL AVAILABLE ON RE CORD AGREED THAT THE SUBMISSIONS OF THE ASSESSEE ON FACTS ARE CORRECT. 3. WE HAVE HEARD THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL ON RECORD. ON CONSIDERATION THEREOF, WE ARE OF THE VIEW THAT THE APPEAL OF THE REVENUE IS TO BE DISMISSED ON THE GROUNDS OF LOW TAX EFFECT IN TERMS OF THE AFORE SAID CIRCULAR OF THE CBDT BY WHICH THE TAX AUTHORITIES ARE BOUND. THE APPEAL OF THE REVENUE, ACCORDINGLY, IS DISMISSED AS NOT PRESSED. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS ALL OWED FOR STATISTICAL PURPOSES. ORDER PRONOUNCED IN THE OPEN COURT ON 31.10. 2018. SD/- SD/- ( . .. . & ) ( ! ) (DR. B.R.R. KUMAR) (DIVA SINGH) '( #/ ACCOUNTANT MEMBER ' #/ JUDICIAL MEMBER + , (+ #,- .-#/ COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT 3. $ /#/ CIT4. $ /# ()/ THE CIT(A) 5. -23#4, & 4, 67839/ DR, ITAT, CHANDIGARH 6. 38 :%/ GUARD FILE ASSISTANT REGISTRAR, ITAT ,CHANDIGARH.