ITO, New Delhi V. M/s. SKG Estate Pvt. Ltd., New Delhi

ITA 870/DEL/2012

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 6556 (ITAT-DELHI)
• Duration Of Justice: 4 year(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-03-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: G
• Next Hearing Date: 01-03-2016
• Assessment Year: 2006-2007
• Appeal Filed On: 21-02-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: ANIMA BARNWAL SENIOR
• Assessee Lawyers: VIKRAM KUMAR SINGHAL
• 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 G GG G : NEW DELHI : NEW DELHI : NEW DELHI : NEW DELHI BEFORE SHRI BEFORE SHRI BEFORE SHRI BEFORE SHRI G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT G.D. AGRAWAL, VICE PRESIDENT AND AND AND AND SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER , JUDICIAL MEMBER ITA NO. ITA NO. ITA NO. ITA NO.870 870 870 870/DEL/2012 /DEL/2012 /DEL/2012 /DEL/2012 ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : ASSESSMENT YEAR : 200 200 200 2006 66 6- -- -07 0707 07 INCOME TAX OFFICER, INCOME TAX OFFICER, INCOME TAX OFFICER, INCOME TAX OFFICER, WARD WARD WARD WARD- -- -8(2), 8(2), 8(2), 8(2), NEW DELHI. NEW DELHI. NEW DELHI. NEW DELHI. VS. VS. VS. VS. M/S M/S M/S M/S SKG ESTATE PVT.LTD., SKG ESTATE PVT.LTD., SKG ESTATE PVT.LTD., SKG ESTATE PVT.LTD., AP APAP AP- -- -87, SHALIMAR BAGH, 87, SHALIMAR BAGH, 87, SHALIMAR BAGH, 87, SHALIMAR BAGH, DELHI DELHI DELHI DELHI 110 088. 110 088. 110 088. 110 088. PAN : AAJCS4173Q. PAN : AAJCS4173Q. PAN : AAJCS4173Q. PAN : AAJCS4173Q. (APPELLANT) (RESPONDENT) APPELLANT BY : SMT. ANIMA BARNWAL, SENIOR DR. RESPONDENT BY : SHRI VIKRAM KUMAR SINGHAL, FCA. DATE OF HEARING : 01.03 01.03 01.03 01.03.2016 .2016 .2016 .2016 DATE OF PRONOUNCEMENT : 01.03.2016 01.03.2016 01.03.2016 01.03.2016 ORDER ORDER ORDER ORDER PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP PER G.D. AGRAWAL, VP : :: :- -- - THIS APPEAL BY THE REVENUE FOR THE ASSESSMENT YEAR 2006- 07 IS DIRECTED AGAINST THE ORDER OF LEARNED CIT(A)-X II, NEW DELHI DATED 31 ST OCTOBER, 2011. 2. WE HAVE HEARD THE ARGUMENTS OF BOTH THE SIDES AN D HAVE PERUSED RELEVANT MATERIAL PLACED BEFORE US. IT IS OBSERVED THAT THE TAX EFFECT IN THE PRESENT APPEAL OF THE REVENUE IS BELOW `10 LAKHS. AS PER CIRCULAR NO.21/2015 DATED 10 TH DECEMBER, 2015, THE CBDT HAS CLEARLY LAID DOWN THAT THE REVENUE SHO ULD NOT PREFER APPEALS BEFORE THE ITAT IF THE TAX EFFECT IN VOLVED IN THE APPEAL, EXCLUDING INTEREST, IS LESS THAN `10 LAKHS. IN VIEW THEREOF, ITA-870/DEL/2012 2 THE APPEAL FILED BY THE REVENUE IS NOT MAINTAINABLE AND IS DISMISSED. 3. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. DECISION PRONOUNCED IN THE OPEN COURT ON 01.03.2016 . SD/- SD/- (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA (SUDHANSHU SRIVASTAVA) )) ) ( (( (G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL G.D. AGRAWAL) )) ) JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER JUDICIAL MEMBER VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VK. COPY FORWARDED TO: - 1. APPELLANT : INCOME TAX OFFICER, INCOME TAX OFFICER, INCOME TAX OFFICER, INCOME TAX OFFICER, WARD WARD WARD WARD- -- -8(2), NEW DELHI. 8(2), NEW DELHI. 8(2), NEW DELHI. 8(2), NEW DELHI. 2. RESPONDENT : M/S SKG ESTATE PVT.LTD., M/S SKG ESTATE PVT.LTD., M/S SKG ESTATE PVT.LTD., M/S SKG ESTATE PVT.LTD., AP APAP AP- -- -87, SHALIMAR BAGH, DELHI 87, SHALIMAR BAGH, DELHI 87, SHALIMAR BAGH, DELHI 87, SHALIMAR BAGH, DELHI 110 088. 110 088. 110 088. 110 088. 3. CIT 4. CIT(A) 5. DR, ITAT ASSISTANT REGISTRAR