DCIT, C-1(1), Chandigarh V. M/s Rana Sugars Ltd, Chandigarh

ITA 942/CHANDI/2018

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 2376 (ITAT-CHANDIGARH)
• Duration Of Justice: 3 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-11-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2012-2013
• Appeal Filed On: 05-07-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: CHANDER KANTA
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH B , CHANDIGARH , !'# , #$ % & ' ( , )*' BEFORE: SMT.DIVA SINGH, JM & SMT.ANNAPURNA GUPTA, A M ./ ITA NO.942/CHD/2018 / ASSESSMENT YEAR : 2012-13 THE D.C.I.T., CIRCLE 1(1), CHANDIGARH. M/S RANA SUGARS LIMITED, SCO 49-50, SECTOR8-C, CHANDIGARH. ./PAN NO: AABCR6744C ./ ITA NO.946/CHD/2018 / ASSESSMENT YEAR : 2009-10 THE A.C.I.T., CIRCLE 2(1), CHANDIGARH. M/S TAIPAN TRADERS LIMITED, 130 IND. AREA, PHASE-1, CHANDIGARH. ./PAN NO: AAACT6461B /ASSESSEE BY : SMT.CHANDERKANTA, SR.DR / REVENUE BY : NONE ./ ITA NO.943 & 945/CHD/2018 / ASSESSMENT YEAR : 2012-13 & 2014-15 THE A.C.I.T., CIRCLE 2(1), CHANDIGARH. M/S MOUNT SHIVALIK BREWERIES LTD., NOW, MOLSON COORS INDIA PVT. LTD., MOHAN GRAM, P.O. BHANKAR, DERABASSI ./PAN NO: AAACM9806D /ASSESSEE BY : SMT.CHANDERKANTA, SR.DR / REVENUE BY : SMT.NEHA GUPTA, CA ./ ITA NO.1020/CHD/2017 / ASSESSMENT YEAR : 2013-14 THE A.C.I.T., CIRCLE 2(1), CHANDIGARH. M/S PUNJAB STATE CONTAINER AND WAREHOUSING CORPORATION LTD., SCO-74-75, SECTOR 17-B, CHANDIGARH. ./PAN NO: AAECP0606J ITA NO.1020/CHD/2017 A.Y.2013-14 2 /ASSESSEE BY : SMT.CHANDERKANTA, SR.DR / REVENUE BY : SHRI T.N. SINGLA, CA ./ ITA NO.1021/CHD/2017 / ASSESSMENT YEAR : 2012-13 THE INCOME TAX OFFICER, WARD 2(1), CHANDIGARH. M/S VINAY KUMAR, PLOT NO.342 INDUSTRIAL AREA, PHASE-1, CHANDIGARH ./PAN NO: AAUPK1557A /ASSESSEE BY : SMT.CHANDERKANTA, SR.DR / REVENUE BY : NONE ./ ITA NO.1036/CHD/2017 / ASSESSMENT YEAR : 2013-14 THE D.C.I.T., CIRCLE 1(1), CHANDIGARH. SMT.SANDHYA KHANDELIA, PLOT NO.23, INDL. AREA-II, CHANDIGARH. ./PAN NO: AGOPK7450N /APPELLANT ! /RESPONDENT & ./ ITA NO.36/CHD/2015 / ASSESSMENT YEAR : 2011-12 THE A.C.I.T., CIRCLE 2(1), CHANDIGARH. M/S PUNJAB INFORMATION & COMMUNICATION TECHNOLOGY PVT. LTD., UDYOG BHAWAN, SECTOR 17, CHANDIGARH. ./PAN NO: AABCP3373K /APPELLANT ! /RESPONDENT /ASSESSEE BY : SMT.CHANDERKANTA, SR.DR / REVENUE BY : SHRI VINEET KRISHAN, ADV. & ./ ITA NO.1034/CHD/2017 / ASSESSMENT YEAR : 2010-11 THE INCOME TAX OFFICER, WARD 7(3), LUDHIANA. M/S PENTAVOX INDIA PVT. LTD., # 479, SANGAT ROAD, CIVIL LINES , LUDHIANA. ITA NO.1020/CHD/2017 A.Y.2013-14 3 ./PAN NO: AAACP9491R & !' #$ C.O.NO.56/CHD/2017 IN ./ ITA NO.1034/CHD/2017 / ASSESSMENT YEAR : 2010-11 M/S PENTAVOX INDIA PVT. LTD., # 479, SANGAT ROAD, CIVIL LINES , LUDHIANA. THE INCOME TAX OFFICER, WARD 7(3), LUDHIANA. ./PAN NO: AAACP9491R /ASSESSEE BY : SMT.CHANDERKANTA, SR.DR / REVENUE BY : NONE %& ' /DATE OF HEARING : 30.10.2018 ()*+& /DATE OF PRONOUNCEMENT: 01 .11.2018 )+ /ORDER PER BENCH : ALL THE ABOVE APPEALS HAVE BEEN FILED BY THE REVENU E AGAINST SEPARATE ORDERS OF THE COMMISSIONER OF INCO ME TAX (APPEALS) (IN SHORT CIT(A)), PASSED U/S 250(6) OF T HE INCOME TAX ACT, 1961 (IN SHORT THE ACT). THE ASSESSEE HAS FILED CROSS OBJECTION IN ITA NO.1034/CHD/2017. 2. AT THE OUTSET, IT HAS BEEN STATED THAT TAX EFFEC T INVOLVED IN THE PRESENT CASES IS LESS THAN RS. 20 LACS. THE LD. DR HAS ALSO FAIRLY ADMITTED THAT CBDT CIRCULAR NO. 3/2018 IS APPLICABLE TO THESE APPEALS, HENCE, ALL THE APPEALS OF THE REVENUE ARE LIABLE TO BE DISMISSED. ITA NO.1020/CHD/2017 A.Y.2013-14 4 3. IT MAY BE NOTED THAT CBDT VIDE CIRCULAR NO. 3/20 18 DATED 11.07.2018 HAS REVISED THE MONETARY LIMIT UPT O RS.20 LACS FOR FILING APPEALS BY THE DEPARTMENT BEFORE TH E TRIBUNAL AND FURTHER VIDE PARA 13 OF THE SAID CIRCULAR IT HA S BEEN CLARIFIED THAT SAID CIRCULAR IS APPLICABLE RETROSPE CTIVELY TO THE PENDING APPEALS ALSO. THE HONBLE PUNJAB & HARY ANA HIGH COURT IN THE CASE OF PRINCIPAL CIT OF INCOME TAX VS. SURINDER KUMAR SINGHAL ITA NO 406-2016 (O&M) VIDE ORDER DATED 30.1.2017 WHILE FURTHER RELYING UPON THE DECI SION OF THE HON'BLE SUPREME COURT IN THE CASE OF CIT VS. DHANALEKSHMI BANK LTD. (2015) 373 ITR 526 (SC), HA S DISMISSED THE APPEAL OF THE REVENUE WITHOUT GOING I NTO THE MERITS DUE TO LOW TAX EFFECT LEAVING THE QUESTION O F LAW OPEN. IN VIEW OF THE CBDT CIRCULAR NO. 03/2018 (SUPRA) AN D IN THE LIGHT OF THE ABOVE REFERRED TO DECISION OF THE HON' BLE JURISDICTIONAL PUNJAB & HARYANA HIGH COURT (SUPRA) , THE PRESENT APPEALS OF THE REVENUE ARE DISMISSED DUE TO LOW TAX EFFECT. 4. IT IS, HOWEVER, CLARIFIED THAT THE DISMISSAL OF THE ABOVE APPEALS SHALL NOT BE TAKEN TO BE AFFIRMATION OF THE ORDER OF THE CIT(A) ON MERITS. THE LEGAL ISSUES, IF ANY, RAI SED BY THE REVENUE ARE BEING LEFT OPEN TO BE ADJUDICATED IN AN APPROPRIATE CASE. 5. FURTHER THE CROSS OBJECTION FILED BY THE ASSESSE E VIDE C.O.NO.56/CHD/2017 IN ITA NO.1034/CHD/2017 WAS SOUG HT TO BE WITHDRAWN. A LETTER TO THIS EFFECT WAS FILED BEFORE US DATED 30.10.2018. ITA NO.1020/CHD/2017 A.Y.2013-14 5 6. IN VIEW OF THE ABOVE, ALL THE DEPARTMENTAL APPEA LS AND THE CROSS OBJECTION FILED BY THE ASSESSEE ARE DISMI SSED. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- $ %' & ( (DIVA SINGH) (ANNAPURNA GUPTA) ,' / JUDICIAL MEMBER )*' / ACCOUNTANT MEMBER $ /DATED: 1 ST NOVEMBER, 2018 * * ), -./. / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. ! / THE RESPONDENT 3. 0 ' / CIT 4. 0 ' ( )/ THE CIT(A) 5. .12 3 , &3 , 45627 / DR, ITAT, CHANDIGARH 6. 268% / GUARD FILE ), ' / BY ORDER, 9 / ASSISTANT REGISTRAR