The Asstt. Commissioner of Income Tax, Srinagar V. Sh. Mohd. Maqbool Lone, Srinagar

ITA 770/ASR/2014

• Counselvise Citation: [2016] 131 COUNSELVISE.COM (IT) 9516 (ITAT-AMRITSAR)
• Duration Of Justice: 1 year(s) 10 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-11-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 24-11-2016
• Assessment Year: 2011-2012
• Appeal Filed On: 30-12-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR BEFORE SH. T.S. KAPOOR, ACCOUNTANT MEMBER AND SH. SANJAY GARG, JUDICIAL MEMBER I.T.A NO.770(ASR)/2014 ASSESSMENT YEAR :2011-12 ASST. CIT CIRCLE-3, SRINAGAR. VS. SH. MOHD MAQBOOL LONE PROP. M/S NEW JK ROADWAYS LAND MARK COMPLEX, KARANAGAR, SRINAGAR. PAN:AAVPL-7639P (APPELLANT) (RESPONDENT) APPELLANT BY: SH. RAHUL DHAWAN (DR) RESPONDENT BY: NONE. DATE OF HEARING: 24.11. 2016 DATE OF PRONOUNCEMENT: 24.11.201 6 ORDER PER T. S. KAPOOR (AM): THIS IS AN APPEAL FILED BY REVENUE AGAINST THE ORDE R OF LEARNED CIT(A), JAMMU, DATED 21.08.2014 FOR ASST. YEAR 2011 -12. 2. AT THE OUTSET, THE LD. DR FILED AN APPLICATIO N FOR WITHDRAWAL OF THE ABOVE CAPTIONED APPEAL WHEREIN THE LD. DR HAS REQUE STED FOR THE WITHDRAWAL OF SAID APPEAL IN PURSUANCE TO CBDT CIRC ULAR 21/2015 AS THE TAX EFFECT INVOLVED IN THIS CASE IS RS.9,01,560 /- WHICH IS BELOW THE MONETARY LIMIT SPECIFIED BY THE CBDT, NEW DELHI, CI RCULAR NO.21/2015 DATED 10.12.2015. ITA NO770 (ASR)/2014 ASST. YEAR: 2011-12 2 3. IN VIEW OF THE ABOVE, THE REQUEST OF THE LD. DR IS ACCEPTED AND THE APPEAL IS DISMISSED AS WITHDRAWN. 4. IN THE RESULT, THE APPEAL FILED BY THE REVENU E IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 24.11. 2016. SD/- SD/- (SANJAY GARG) (T. S. KAPOOR) JUDICIAL MEMBER AC COUNTANT MEMBER DATED:24.11.2016. /PK/ PS. COPY OF THE ORDER FORWARDED TO: (1) THE ASSESSEE: (2) THE (3) THE CIT(A), (4) THE CIT, (5) THE SR DR, I.T.A.T., TRUE COPY BY ORDER