DCIT, Circle- 3(2), New Delhi V. Avantha Realty Ltd., Kolkata

ITA 7852/DEL/2017

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 4048 (ITAT-DELHI)
• Duration Of Justice: 2 year(s) 9 month(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-10-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2004-2005
• Appeal Filed On: 29-12-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RAKHI VIMAL SENIOR
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHI DELHI DELHI BENCH BENCH BENCH BENCH A AA A : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) (THROUGH VIDEO CONFERENCING) BEFORE BEFORE BEFORE BEFORE SHRI G.S. PANNU, VICE SHRI G.S. PANNU, VICE SHRI G.S. PANNU, VICE SHRI G.S. PANNU, VICE PRESIDENT AND PRESIDENT AND PRESIDENT AND PRESIDENT AND SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER ITA NO. ITA NO. ITA NO. ITA NO. 7852/DEL/2017 7852/DEL/2017 7852/DEL/2017 7852/DEL/2017 ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR ASSESSMENT YEAR : : : : 20 2020 20 04 0404 04 - -- - 05 0505 05 DEPUTY COMMISSIONER O DEPUTY COMMISSIONER O DEPUTY COMMISSIONER O DEPUTY COMMISSIONER O F F F F INCOME TAX, INCOME TAX, INCOME TAX, INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -3(2), 3(2), 3(2), 3(2), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. VS. VS. VS. VS. M/S AVANTHA REALTY LIMITED, M/S AVANTHA REALTY LIMITED, M/S AVANTHA REALTY LIMITED, M/S AVANTHA REALTY LIMITED, (ERSTWHILE M/S KARAM CHAND (ERSTWHILE M/S KARAM CHAND (ERSTWHILE M/S KARAM CHAND (ERSTWHILE M/S KARAM CHAND THAPAR & BROS.LTD.), THAPAR & BROS.LTD.), THAPAR & BROS.LTD.), THAPAR & BROS.LTD.), THAPAR HOUSE, 5 THAPAR HOUSE, 5 THAPAR HOUSE, 5 THAPAR HOUSE, 5 TH THTH TH FLOOR, FLOOR, FLOOR, FLOOR, 25, BARABOURNE ROAD, 25, BARABOURNE ROAD, 25, BARABOURNE ROAD, 25, BARABOURNE ROAD, KOLKATA KOLKATA KOLKATA KOLKATA 700 001, 700 001, 700 001, 700 001, WEST BENGAL. WEST BENGAL. WEST BENGAL. WEST BENGAL. PAN : AABCK1282E. PAN : AABCK1282E. PAN : AABCK1282E. PAN : AABCK1282E. (APPELLANT) (RESPONDENT) APPELLANT BY : MS. RAKHI VIMAL, SENIOR DR. RESPONDENT BY : SHRI UPVAN GUPTA, CA. DATE OF HEARING : 28 2828 28.10.2020 .10.2020 .10.2020 .10.2020 DATE OF PRONOUNCEMENT : 28 2828 28.10 .10.10 .10.2020 .2020 .2020 .2020 ORDER ORDER ORDER ORDER PER G.S. PANNU, VICE PER G.S. PANNU, VICE PER G.S. PANNU, VICE PER G.S. PANNU, VICE PRESIDENT PRESIDENT PRESIDENT PRESIDENT : :: : THIS APPEAL BY THE REVENUE FOR THE ASSESSMENT YEAR 2004-05 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-11, NE W DELHI DATED 27 TH OCTOBER, 2017. 2. AT THE TIME OF HEARING, THE LEARNED COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT IN THIS APPEAL BY THE REVENUE IS BELOW `50 LAKHS. THE CBDT IN ITS CIRCULAR NO.17/2019 DATE D 8 TH AUGUST, 2019 HAS REVISED THE MONETARY LIMIT FOR FILING OF THE DE PARTMENTAL APPEALS TO ITA-7852/DEL/2017 2 THE ITAT AT `50 LAKHS. HE HAS, THEREFORE, REQUESTE D THAT THE REVENUES APPEAL MAY BE DISMISSED. 3. LEARNED SENIOR DR AGREED THAT THE TAX EFFECT IN THIS APPEAL OF THE REVENUE IS BELOW `50 LAKHS. 4. IN VIEW OF THE ABOVE POSITION, WE DEEM IT PROPER TO DISMISS THE APPEAL OF THE REVENUE IN THE LIGHT OF THE CIRCULAR NO.17/2019 OF THE CBDT DATED 8 TH AUGUST, 2019, AS NOT MAINTAINABLE. 5. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. ABOVE DECISION WAS ANNOUNCED IN THE PRESENCE OF BOT H THE PARTIES ON CONCLUSION OF VIRTUAL HEARING ON 28 TH OCTOBER, 2020. SD/- SD/- ( (( ( SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA SUDHANSHU SRIVASTAVA ) )) ) (G.S. PANNU (G.S. PANNU (G.S. PANNU (G.S. PANNU ) )) ) JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER VICE VICE VICE VICE PR PRPR PR ESIDENT ESIDENT ESIDENT ESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : DEPUTY COMMISSIONER OF INCOME TAX, DEPUTY COMMISSIONER OF INCOME TAX, DEPUTY COMMISSIONER OF INCOME TAX, DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE CIRCLE CIRCLE CIRCLE- -- -3(2),NEW DELHI. 3(2),NEW DELHI. 3(2),NEW DELHI. 3(2),NEW DELHI. 2. RESPONDENT : M/S AVANTHA REALTY LIMITED, M/S AVANTHA REALTY LIMITED, M/S AVANTHA REALTY LIMITED, M/S AVANTHA REALTY LIMITED, (ERSTWHILE M/S KARAM CHAND THAPAR & BROS.LTD.), (ERSTWHILE M/S KARAM CHAND THAPAR & BROS.LTD.), (ERSTWHILE M/S KARAM CHAND THAPAR & BROS.LTD.), (ERSTWHILE M/S KARAM CHAND THAPAR & BROS.LTD.), THAPAR HOUSE, 5 THAPAR HOUSE, 5 THAPAR HOUSE, 5 THAPAR HOUSE, 5 TH THTH TH FLOOR, 25, BARABOURNE RO FLOOR, 25, BARABOURNE RO FLOOR, 25, BARABOURNE RO FLOOR, 25, BARABOURNE ROAD, AD, AD, AD, KOLKATA KOLKATA KOLKATA KOLKATA 700 001, WEST BENGAL. 700 001, WEST BENGAL. 700 001, WEST BENGAL. 700 001, WEST BENGAL. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR