DCIT, Circle, Parwanoo V. M/s SBS Biotech, Sirmour

ITA 753/CHANDI/2018

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 5021 (ITAT-CHANDIGARH)
• Duration Of Justice: 2 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-08-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2014-2015
• Appeal Filed On: 22-05-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: GE E TINDERMANN
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DIVISION BENCH A, CHANDIGARH BEFORE SHRI SANJAY GARG, JUDICIAL MEMBER AND MS. ANNAPURNA GUPTA, ACCOUNTANT MEMBER ITA NOS. 257/CHD/2010 (ASSESSMENT YEARS :2006-07) D.C.I.T, VS. SH. MIT MOHAN SINGH KAHLON, PANCHKULA CIRCLE, HOUSE NO. 445, SECTOR-6, PANCHKULA PANCHKULA PAN: AQSPK4192R (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : SHRI TEJ MOHAN SINGH ADVOCATE ITA NO. 432/ CHD /2016 (ASSESSMENT YEARS :2009-10) I.T.O, VS. SH. RAMESHWAR DASS JINDAL WARD -4, H.NO. 20,ANAND NAGAR-A TRIPURI TOWN PATIALA. PATIALA. PAN: ACJPJ2841B (APPELLANT) (RESPONDENT) ITA NO. 700/ CHD /2016 (ASSESSMENT YEARS :2010-11) I.T.O, VS. SH.SHINDER PAL SUNAM,(H.Q. SANGRUR) M/S KOHINOOR KITCHEN, TRADING CO., SUNAM PAN: AGAPP9448B (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : SHRI :PARIKSHIT AGGARWAL, CA ITA NO. 663/ CHD /2016 (ASSESSMENT YEARS :2010-11) A.C.I.T., VS. SH.SURJIT SINGH GUJRAL, CIRCLE PATIALA PROP. M/S J.J. HYDRAULICS, # 3/127, DHARAMPURA BAZAR, PATIALA. PAN: ACREG4819J (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : SHRI : TEJ MOHAN,. ADV. 2 ITA NOS. 791 & 792/CHD /2018 (ASSESSMENT YEARS :2010-11) D.C.I.T VS. M/S SMART VALUE PRODUCT & CIRCLE PARWANOO. SERVICES LTD., M-17 2 ND FLOOR, LAJPAT NAGAR-II, NEW DELHI. PAN: AAKCS4493C (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : NONE ITA NO. 102/ CHD /2017 (ASSESSMENT YEARS :2011-12) D.C.I.T., VS. M/S VARDHMAN INDUSTRIES LTD. CIRCLE I, 2 ND FLOOR, JEEVANDEEP BUILDING, LUDHIANA. PARLIAMENT STREET, NEW DELHI. PAN: AAACV3229R (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : NONE ITA NO. 822/CHD /2017 (ASSESSMENT YEARS :2011-12) I.T.O, VS. SH.RAMAN GUPTA WARD-3, PATIALA. 1 ST FLOOR, SYNDICATE BUILDING, LAHORI GATE, PATIALA. PAN: AGIPG5780B (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : NONE ITA NO. 796/CHD /2018 (ASSESSMENT YEARS :2011-12) D.C.I.T., VS. SH.RAKESH VERMA, CIRCLE PARWANOO. PROP. M/S WESTERN ELECTRICAL APPLIANCE, PLOT NO.41, SECTOR 2, PARWANOO. PAN: AADPV5591N (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : NONE 3 ITA NO.1099/CHD /2017 (ASSESSMENT YEARS :2011-12) D.C.I.T., VS. M/S VIR FOODS LTD., CIRCLE-I, SCO 2437, SECTOR 22C, CHANDIGARH. CHANDIGARH. PAN: AACCV0538M (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : SHRI ASHOK GOYAL, CA ITA NO.1019/CHD /2017 (ASSESSMENT YEARS :2012-13) A.C.I.T., VS. M/S PREMIER ELECTRICAL INDUSTRIES CIRCLE-2(1), 147-148, IND., AREA PHASE-I, CHANDIGARH. CHANDIGARH. PAN: AABFP0329C (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : SHRI VINEET KRISHAN, ADV. ITA NOS.174 & 175/CHD /2018 (ASSESSMENT YEARS :2013-14) D.C.I.T., VS. M/S PUNJAB HYDRO POWER PVT. LTD., CIRCLE-6(1), # 2587, PHASE-XI, MOHALI. MOHALI.(NOW AT B-37, SECTOR 1, NOIDA) PAN: AACCP6806C (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : SHRI TEJ MOHAN SINGH, ADV. ITA NO.409/CHD /2018 (ASSESSMENT YEARS :2013-14) A.C.I.T.(OSD), VS. SHRI VINAY KUMAR, W-2(1), PLOT NO.342, INDUSTRIAL AREA, CHANDIGARH. PHASE-I, CHANDIGARH. PAN: AAUPK1557A (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : SHRI PARIKSHIT AGGARWAL, CA ITA NO.816/CHD /2018 (ASSESSMENT YEARS :2014-15) A.C.I.T., VS. M/S PACIFIC INDIA, C-3(1), # 5102, FIRST FLOOR, 4 CHANDIGARH. MODERN HOUSING COMPLEX, MANIMAJRA, CHANDIGARH. PAN: AAIFE4608F (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : SHRI PARIKSHIT AGGARWAL, CA ITA NO.753/CHD /2018 (ASSESSMENT YEARS :2014-15) D.C.I.T., VS. M/S SBS BIOTECH, CIRCLE PARWANOO NAHAN ROAD, . MAUZA RAMPUR JATTAN, KALA AMB, SIRMOUR (H.P.). PAN: AVKSFS2514E (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : NONE ITA NO.620/CHD /2018 (ASSESSMENT YEARS :2014-15) D.C.I.T., VS. M/S UNIVERSAL APPLIANCES (INDIA), CIRCLE PARWANOO, VILLAGE BIRPLASSI, CHECK POST, NALAGARH., SOLAN (HP) PAN: AABFU8802F (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : SHRI KULDEEP DHIMAN, ADV. ITA NO.656/CHD /2018 (ASSESSMENT YEARS :2014-15) D.C.I.T., VS. M/S TDS MANAGEMENT CONSULTANT CIRCLE 6(I), P. LTD., SCF 81, PHASE-VI, MOHALI. MOHALI. PAN: AACCT5653K (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : NONE ITA NO.947/CHD /2018 (ASSESSMENT YEARS :2014-15) A.C.I.T., VS. M/S PRABHAT ELECTRONICS PVT. LTD., CIRCLE 2(1), PLOTO NO.182/63, INDL.AREA, CHANDIGARH. PHASE-I, CHANDIGARH. PAN: AADCP2295E (APPELLANT) (RESPONDENT) 5 APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : SHRI TEJ MOHAN SINGH, ADV. & ITA NO.790/CHD /2018 (ASSESSMENT YEARS :2014-15) D.C.I.T., VS. M/S VARDHMAN INDUSTRIES, CIRCLE PARWANOO, 55, HPSIDC, INDUSTRIAL AREA, BADDI, SOLAN. PAN: AAEFV7858F (APPELLANT) (RESPONDENT) APPELLANT BY : MS. GEETINDER MANN, SR DR RESPONDENT BY : NONE DATE OF HEARING : 30.07.2018 DATE OF PRONOUNCEMENT : 01.08.2018 ORDER PER BENCH : THIS BUNCH OF APPEALS HAVE BEEN PREFERRED BY DIFFER ENT ASSESSEES AGAINST THE SEPARATE ORDERS OF LD. COMMIS SIONER OF INCOME TAX (APPEALS) PERTAINING TO DIFFERENT ASS ESSMENT YEARS. 2. AT THE OUTSET, THE LD. AR HAS STATED THAT TAX EF FECT INVOLVED IN THE PRESENT CASE IS LESS THAN RS. 20 LA CS. THE LD. DR HAS ALSO FAIRLY ADMITTED THAT CBDT CIRCULAR NO. 3/2018 IS APPLICABLE TO THIS APPEAL, HENCE, THIS APPEAL OF THE REVENUE IS LIABLE TO BE DISMISSED. 3. IT MAY BE NOTED THAT CBDT VIDE CIRCULAR NO. 3/20 18 DATED 11.07.2018 HAS REVISED THE MONETARY LIMIT UPT O RS.20 LACS FOR FILING APPEALS BY THE DEPARTMENT BEFORE TH E TRIBUNAL AND FURTHER VIDE PARA 13 OF THE SAID CIRCULAR IT HA S BEEN CLARIFIED THAT SAID CIRCULAR IS APPLICABLE RETROSPE CTIVELY TO THE PENDING APPEALS ALSO. THE HONBLE PUNJAB & HARY ANA HIGH COURT IN THE CASE OF PRINCIPAL CIT OF INCOME TAX VS. 6 SURINDER KUMAR SINGHAL ITA NO 406-2016 (O&M) VIDE ORDER DATED 30.1.2017 WHILE FURTHER RELYING UPON THE DECI SION OF THE HON'BLE SUPREME COURT IN THE CASE OF CIT VS. DHANALEKSHMI BANK LTD. (2015) 373 ITR 526 (SC), HA S DISMISSED THE APPEAL OF THE REVENUE WITHOUT GOING I NTO THE MERITS DUE TO LOW TAX EFFECT LEAVING THE QUESTION O F LAW OPEN. IN VIEW OF THE CBDT CIRCULAR NO. 03/2018 (SUPRA) AN D IN THE LIGHT OF THE ABOVE REFERRED TO DECISION OF THE HON' BLE JURISDICTIONAL PUNJAB & HARYANA HIGH COURT (SUPRA) , THE PRESENT APPEAL OF THE REVENUE IS DISMISSED DUE TO L OW TAX EFFECT. 4. 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 APPROPRI ATE CASE. 5. IN THE RESULT, ALL THE DEPARTMENTAL APPEALS ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- (SANJAY GARG) (ANNAPURNA GUPTA) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED : 1 ST AUGUST, 2018 *RATI* COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT(A) 4. THE CIT 5. THE DR ASSISTANT REGISTRAR, ITAT, CHANDIGARH 7