Addl.CIT, Range-4, New Delhi V. Indiamart Intermesh Ltd., New Delhi

ITA 7192/DEL/2017

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 4791 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 2 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-02-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2011-2012
• Appeal Filed On: 01-12-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: PRAKASH DUBEY
• Assessee Lawyers: R K KAPOOR
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH C, NEW DELHI BEFORE SH. BHAVNESH SAINI, JUDICIAL MEMBER DR. B. R. R. KUMAR, ACCOUNTANT MEMBER (THROUGH VIDEO CONFERENCING) ITA NO. 7192/DEL/2017 : ASSTT. YEAR : 2011-12 ADDL. CIT, RANGE-4 NEW DELHI VS INDIAMART INTERMESH LTD., 408, ASHIRWAD ENCLAVE, 104, I.P. EXTENSION, NEW DELHI-110092 (APPELLANT) (RESPONDENT) PAN NO. AAACI5853L ASSESSEE BY : SH. R. K. KAPOOR, ADV. REVENUE BY : SH. PRAKASH DUBEY, SR. DR DATE OF HEARING: 18.01.2021 DATE OF PRONOUNCEMENT: 10.02.2021 ORDER PER DR. B. R. R. KUMAR, ACCOUNTANT MEMBER: THE PRESENT APPEAL HAS BEEN FILED BY THE REVENUE A GAINST THE ORDER OF THE LD. CIT(A)-42, NEW DELHI DATED 18. 09.2017. 2. AS PER THE INSTANT CIRCULAR NO. 17/2019 DATED 08 /08/2019 INFORCE, THE CBDT IN SUPERSESSION OF EARLIER INSTRU CTIONS HAS DIRECTED THAT DEPARTMENTS APPEALS BEFORE ITAT SHAL L NOT BE FILED IN CASES WHERE THE TAX EFFECT DOES NOT EXCEED THE MONETARY LIMIT OF RS. 50 LACS. THE TAX WILL NOT IN CLUDE ANY INTEREST THEREON. IT IS FURTHER CLARIFIED THAT EVE N IF IN THE CASE OF AN ASSESSEE, DISPUTED ISSUES ARISE IN MORE THAN ONE ASSESSMENT YEAR, APPEAL CANNOT BE FILED IN RESPECT OF SUCH ASSESSMENT YEAR OR YEARS IN WHICH THE TAX EFFECT IN RESPECT OF DISPUTED ISSUES EXCEEDS THE MONETARY LIMIT SO SPECI FIED. ITA NO. 7192/DEL/2017 INDIAMART INTERMESH LTD. 2 3. ADMITTEDLY, IN THE DEPARTMENTAL APPEAL, THE TAX EFFECT IS NIL, THEREFORE, DEPARTMENTAL APPEAL IS NOT MAINTAIN ABLE. THE LD. DR COULD NOT BRING TO OUR NOTICE ANY EXCEPTIONS MENTIONED IN THE SAID CIRCULAR. 4. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 10/02/2021. SD/- SD/- (BHAVNESH SAINI) (DR. B. R. R. KUMA R) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 10/02/2020 *SUBODH* COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR