ITO, Sangrur V. M/s Ram Partap Jit Pal Saraf Pvt. Ltd., Sangrur

ITA 720/CHANDI/2016

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 0382 (ITAT-CHANDIGARH)
• Duration Of Justice: 2 year(s) 5 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-11-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: Not Allotted
• Assessment Year: 2008-2009
• Appeal Filed On: 06-06-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: MANJIT SINGH
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BE NCH B,CHANDIGARH , ! ' . . . . # , $% ! BEFORE: SMT. DIVA SINGH, JM & DR. B.R.R.KUMAR, AM ./ ITA NO. 720/CHD/2016 ASSESSMENT YEAR : 2008-09 THE ITO, WARD, SANGRUR, VS M/S RAM PARTAP JIT PAL SARAF P.LTD., SADAR BAZAR, SANGRUR. ./PAN NO: AADCR5431N & C.O. 24/CHD/2016 ./ IN ITA NO. 720/CHD/2016 ASSESSMENT YEAR : 2008-09 M/S RAM PARTAP JIT PAL SARAF P.LTD., SADAR BAZAR, SANGRUR. VS THE ITO, WARD, SANGRUR. ./PAN NO: AADCR5431N & ./ ITA NO. 715/CHD/2016 ASSESSMENT YEAR : 2007-08 THE ITO, WARD, SANGRUR, VS M/S Y.A. SAINI PROPERTIES P.LTD., 392, PREM BASTI, STREET NO. 10,W-16, SANGRUR. ./PAN NO: AAACY2903P C.O. 23/CHD/2016 ./ IN ITA NO. 715/CHD/2016 ASSESSMENT YEAR : 2007-08 M/S Y.A. SAINI PROPERTIES P.LTD., 392, PREM BASTI, STREET NO. 10,W-16,SANGRUR. VS THE ITO, WARD, SANGRUR. ./PAN NO: AAACY2903P /APPELLANT /RESPONDENT / REVENUE BY : SHRI MANJIT SINGH, SR.DR /ASSESSEE BY : SHRI VIBHOR GARG ! /DATE OF HEARING : 09.10.2018 '#$%&' ! /DATE OF PRONOUNCEMENT : 26.11.2018 $&/ ORDER PER BENCH A COMMON ORDER IS BEING PASSED IN THESE APPEALS FOR THE SAKE OF CONVENIENCE WHEREIN THE RESPECTIVE ASSESSEES HAVE ALSO RAISED CROSS OBJECTIONS. THE ASSESSING OFFICERS ASSAIL THE CORRECTNESS O F THE RESPECTIVE ORDERS DATED 04.03.2016 OF CIT(A) PATIALA PERTAINING TO 2008 -09 ASSESSMENT ITA 720&715//CHD/2016 & C.O. 24 & 23/CHD/2016 PAGE 2 OF 2 YEAR AND 04.03.2016 OF CIT(A) PATIALA PERTAINING TO 2007-08 ASSESSMENT YEAR. 2. HOWEVER AT THE OUTSET, THE AO BY WAY OF APPLICATION D ATED 05.10.2018 BRINGS TO THE NOTICE OF THE ITAT THAT THE TAX EFFECT INVO LVED IN THE RESPECTIVE APPEALS IS MUCH BELOW THE LIMIT OF RS. 20 LACS FIXED BY CBDT CIRCULAR NO. 3/2018 DATED 11.07.2018. FOR READY REFERENCE, RELEVANT E XTRACT OF THE APPLICATION IS EXTRACTED HEREUNDER : S.NO. NAME OF THE PAN A .Y. APPEAL NO. TAX ASSESSEE EFFECT 1. SAINI PROPERTIES PVT. AAACY2903P 2007-08 ITA NO.715/CHNDI/16 RS. 14,11,130/- LTD.,SANGRUR 2. M/S RAM PARTAP JEET PAL AADCR5431N 2008-09 ITA NO.720CHANDI/ RS. 15,44,130/- SARAF (P) LTD.,SANARUR CHANDI/16 3. THE LD. SR.DR RELYING UPON THE SAME FAIRLY SUBMI TTED THAT THE APPEALS MAY BE DISMISSED ON THE GROUND OF LOW TAX EFFECT. 4. THE LD. AR MR. VIBHOR GARG INVITING ATTENTION TO THE RESPECTIVE CROSS OBJECTIONS FILED BY THE TAXPAYER SUBMITS THAT IN TH E CIRCUMSTANCES, THE ASSESSEE DOES NOT WISH TO PRESS THE CROSS OBJECTIO NS FILED. ACCORDINGLY, THE DEPARTMENTAL APPEALS ARE DISMISSED ON THE GROUNDS O F TAX EFFECT AND THE CROSS OBJECTIONS OF THE ASSESSEE ARE DISMISSED AS WITHDRA WN. SAID ORDER WAS PRONOUNCED IN THE OPEN COURT AT THE TIME OF HEARING ITSELF. 5. IN THE RESULT, APPEALS OF THE REVENUE ARE DISMIS SED AND CROSS OBJECTIONS OF THE ASSESSEE ARE ALSO DISMISSED AS WITHDRAWN, ORDER PRONOUNCED IN THE OPEN COURT ON 26.11. 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. ./ CIT 4. . ()/ THE CIT(A) 5. +1 2 3, ! 3', 56728/ DR, ITAT, CHANDIGARH 6. 2 7 9 / GUARD FILE #( / BY ORDER, : / ASSISTANT REGISTRAR ITAT ,CHANDIGARH.