ITO, Ward - 7(3), Kolkata , Kolkata V. M/s. Dikson Trading & Finance Co. Limited , Kolkata

ITA 825/KOL/2018

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 3753 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 4 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-08-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 26-04-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: C J SINGH
• Assessee Lawyers: MANISH TIWARI
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: KOLKATA BEFORE: SHRI P.M. JAGTAP, VICE PRESIDENT AND SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER I.T.A NO.825/KOL/2018 (ASSESSMENT YEAR: 2013-14) ITO, WARD-7(3), KOLKATA APPELLANT VS M/S. DIKSON TRADING & FINANCE CO. LTD. RESPONDENT [PAN:AABCD7868B] FOR THE APPELLANT : SHRI C.J. SINGH, JCIT, SR. DR FOR THE RESPONDENT : SHRI MANISH TIWARI, AR DATE OF HEARING : 02.07.2019 DATE OF PRONOUNCEMENT : 30.08.2019 ORDER PER S.S. VISWANETHRA RAVI, JM IN THE ABOVE APPEAL, THE UNDISPUTED FACT IS THAT THE TAX EFFECT IS BELOW THE MONETARY LIMIT OF RS.50,00,000/- FIXED BY THE CBDT VIDE CIRCULAR NO.17/2019, F. NO. 279/MISC. 142/2007-ITJ(PT.), DT. 8 TH AUGUST, 2019. APPLYING THE PROPOSITION OF LAW LAID DOWN BY THE AHMEDABAD A BENCH OF ITAT IN THE CASE OF ITO, WARD-3(2), AHMEDABAD VS. DINESH MADHAVLAL PATEL & ORS IN ITA NO.1398/AHD/2004 ORDER DATED 14.08.2019, THIS APPEAL IS DISMISSED AS WITHDRAWN IN TERMS OF THE CIRCULAR ISSUED BY THE CBDT MENTIONED HEREINABOVE. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 30.08.2019. SD/- SD/- [P.M JAGTAP] [S.S. VISWANETHRA RAVI] ACCOUNTANT MEMBER JUDICIAL MEMBER DATED:30/08/2019 RS, SR.PS 2 I.T.A NO.825/KOL/2018 M/S. DIKSON TRADING & FINANCE CO. LTD. COPY OF ORDER FORWARDED TO: 1. ITO, WARD-7(3), KOLKATA. 2. M/S. DIKSON TRADING & FINANCE CO. LTD., 18, JADULAL MULLICK ROAD, KOLKATA -700006. 3. THE CIT(A) 4. THE CIT 5. DR TRUE COPY, BY ORDER, ASSISTANT REGISTRAR ITAT, KOLKATA