ACIT, New Delhi V. M/s. Accurate Meters Ltd., New Delhi

ITA 972/DEL/2012

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 3390 (ITAT-DELHI)
• Duration Of Justice: 6 year(s) 5 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-08-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 01-08-2017
• Assessment Year: 2005-2006
• Appeal Filed On: 27-02-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: APARNA KARAN
• Assessee Lawyers: ABHISHEK
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: A, NEW DELHI BEFORE SHRI RAJ PAL YADAV, JUDICIAL MEMBER & SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER ITA NOS.- 5865/DEL/2011, 972 & 1506/DEL/2012 ( ASSESSMENT YEARS: 2001-02, 2005-06 & 2006-07) ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-22, NEW DELHI. VS. M/S ACCURATE METERS LTD., 8 LOCAL SHOPPING CENTRE, IIND /IIIRD FLOOR, VARDHMAN SIDDHARTH PLAZA, SAVITA VIHAR, DELHI-110092. PAN NO: AAACA6996J APPELLANT RESPONDENT REVENUE BY : SMT. APARNA KARAN, CIT (DR) ASSESSEE BY : SH. ABHISHEK, CA DATE OF HEARING : 23.08.2018. DATE OF PRONOUNCEMENT : 24/08/2018. ORDER PER: N.K. BILLAIYA, AM THESE ARE THREE SEPARATE APPEALS BY THE REVENUE PREF ERRED AGAINST THREE SEPARATE ORDERS OF THE LD. CIT(A)-III, DELHI-110092, PERTAINING TO DIFFERENT ASSESSMENT YEARS I.E. 2001-02, 2005-06 & 2006-07. 2 ITA NOS.-5865/DEL/2011 AND TWO OTHERS APPEALS. ACCURATE METERS LTD. 2. A PERUSAL OF THE GROUNDS OF APPEALS IN THE CAPTI ONED APPEALS SHOW THAT THE TAX EFFECT IN THE IMPUGNED APPEALS IS LESS THAN RS. 20 LAKHS AND THEREFORE ALL THESE THREE APPEALS ARE DISMISSED, IN THE LIGHT OF THE CBDT CIRCULAR NO. 3 OF 2018 DATED 11/07/2018. HOWEVER, ON RE-VERIFICATION, IF THE REVENUE FEELS TH AT THE TAX EFFECT IS MORE THAN RS. 20 LACS OR THE GROUNDS OF A PPEALS ARE COVERED BY THE EXCEPTION PROVIDED IN THE AFORESAID CBDT CIRCULAR NO . 3 OF 2018 DATED 11.07.2018, HE MAY APPROACH THE TRIBUNAL AS PER THE PROVISION OF LAW. 3. IN THE RESULTS, THE APPEALS FILED BY THE REVENUE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 24/8/2018 SD/- SD/- (RAJPAL YADAV) (N.K. BILLAIYA) JUDICIAL MEMBER ACCOUNTANT MEMBER DATED: 24.08.2018 POOJA/- COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT NEW DELHI 3 ITA NOS.-5865/DEL/2011 AND TWO OTHERS APPEALS. ACCURATE METERS LTD. DATE OF DICTATION 23/8/2018 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 24/8/2018 DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE OTHER MEMBER DATE ON WHICH THE APPROVED DRAFT COMES TO THE SR. PS/PS DATE ON WHICH THE FAIR ORDER IS PLACED BEFORE THE DICTATING MEMBER FOR PRONOUNCEMENT 24.8.2018 DATE ON WHICH THE FAIR ORDER COMES BACK TO THE SR. PS/PS 24.8.2018 DATE ON WHICH THE FINAL ORDER IS UPLOADED ON THE WEBSITE OF ITAT DATE ON WHICH THE FILE GOES TO THE BENCH CLERK DATE ON WHICH THE FILE GOES TO THE HEAD CLERK THE DATE ON WHICH THE FILE GOES TO THE ASSISTANT REGISTRAR FOR SIGNATURE ON THE ORDER DATE OF DISPATCH OF THE ORDER 4 ITA NOS.-5865/DEL/2011 AND TWO OTHERS APPEALS. ACCURATE METERS LTD.