ITO, Ward-1(2)(2), Vadodara, Vadodara V. Raj Concrete, Near IOC

ITA 876/AHD/2023

• Counselvise Citation: [2024] 100 COUNSELVISE.COM (IT) 3704 (ITAT-AHMEDABAD)
• Duration Of Justice: 3 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-02-2024
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 21-02-2024
• Assessment Year: 2015-2016
• Appeal Filed On: 01-11-2023
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, AHMEDABAD BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER & Ms. MADHUMITA ROY, JUDICIAL MEMBER आयकर अपील सं./ I. T. A. No . 876/Ahd/20 23 ( नधा रण वष / A ss es sment Year : 2015-16) I T O War d -1 ( 2 ) ( 2) , V ad o da ra बनाम/ Vs . Ra j C o ncr et e 4 6 6, Bl o c k / Su r v e y, A t P os t D u i m a d, N r. I O C , V a do d ar a, G u j ar a t 3 9 17 40 थायी लेखा सं./जीआइआर सं./P A N/ G I R N o . : A A Q FR 5 7 9 2 Q (अपीलाथ /Appellant) . . ( यथ / Respondent) अपीलाथ ओर से /Appellant by : Shri Ramesh Kumar, Sr. DR यथ क ओर से/Respondent by : Shri Hardik Vora, A.R. स ु नवाई क तार ख / D a t e o f H e a r i ng 22/02/2024 घोषणा क तार ख /D a t e o f P ro n o u nc e me n t 23/02/2024 O R D E R PER Ms. MADHUMITA ROY - JM: Th e instant appeal filed at the behest of the Rev enue is directed against the order dated 04. 09. 2023 passed by the National Faceles s Appeal Centre (NFAC ), Delh i, arising out of the asses s men t order passed b y the ITO, Ward-1(2)(2 ), Vado dara ITA No. 876/Ahd/2023 (ITO vs. Raj Concrete) A.Y.– 2015-16 - 2 - under Sectio n 143(3) of th e Income Tax Act, 19 61, (hereinafter referred to as ‘the Act’) fo r Asses sment Year 2 015-16. 2. At the ti me o f h earing o f the in stant ap peal, Ld. Counsel appearing for the asses see sub mitte d b efore us that t he tax effect of th e matter is R s. 1, 3 5, 00, 00 0/- and therefore, the appeal filed by th e Rev enue is hit by recently issu ed CBDT Circu lar No . 17 o f 2019 dated 08/08/201 9 revising the prev io us thresholds pertaining to tax effects. As per a fo resaid Cir cular, all pending appeals filed by Revenue are liable to be dis mi s sed as a measure fo r redu cing litigation where th e tax effect do es not ex ceed the prescribed monetary li mit w hich is now revised at Rs. 50 Lakhs. In the in stant case, the tax effect on the disp uted issues r aised by the Revenu e is stated to be n ot exceeding Rs. 50 lakhs and th erefore appeal of the Reven ue is required to be dis mis sed in limin e. 3. Th e Learned DR for the Reve nue fairly ad mit ted the applicability of the CBDT Circular No. 17 of 2019. Accordingly, appeal of the Rev enu e is dis mi ssed as not maintainable. However, it will be open to th e Revenue to seek restoratio n of its appeal on ITA No. 876/Ahd/2023 (ITO vs. Raj Concrete) A.Y.– 2015-16 - 3 - sho wing inapplicability o f the afo resaid CBDT Circular in any man ner. 4. In th e result, the appeal of the Rev enu e is dismi ss ed. This Order pronounced on 23/02/2024 Sd/- Sd/- (WASEEM AHMED) (MADHUMITA ROY) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad; Dated 23/02/2024 S. K. SINHA True Copy आदेश क त ल प अ े षत/Copy of the Order forwarded to : 1. अपीलाथ / The Appellant 2. यथ / The Respondent. 3. संबं%धत आयकर आय ु 'त / Concerned CIT 4. आयकर आय ु 'त(अपील) / The CIT(A)- 5. *वभागीय -त-न%ध, आयकर अपील य अ%धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड3 फाईल / Guard file. आदेशान ु सार/ BY ORDER, उप/सहायक पंजीकार (Dy./Asstt. Registrar) आयकर अपील$य अ%धकरण, अहमदाबाद / ITAT, Ahmedabad