The DCIT, Central Circle-2(4), Ahmedabad V. M/s. Texworld Fashions Pvt.Ltd., Ahmedabad

ITSSA 146/AHD/2013

• Counselvise Citation: [2017] 122 COUNSELVISE.COM (IT) 3128 (ITAT-AHMEDABAD)
• Duration Of Justice: 4 year(s) 9 day(s)
• Appeal Type: Income Tax (Search & Seizure) Appeal
• Pronouncement Date: 13-04-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 05-04-2017
• Assessment Year: 2007-2008
• Appeal Filed On: 03-04-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: S N SOPARKAR
• Assessee Lawyers: SU RENDRA KUMAR

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD D BENCH (BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER & SHRI MAHAVIR PRASAD, JUDICIAL MEMBER) IT(SS)A. NO: 146/AHD/2013 (ASSESSMENT YEAR: 2007-08) DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(4), AHMEDABAD V/S M/S. TEXWORLD FASHIONS PVT. LTD. 63/2, NEW CLOTH MARKET, RAIPUR GATE, SARANGPUR, AHMEDABAD- 380002 (APPELLANT) (RESPONDENT) PAN: AACCT 2582M APPELLANT BY: SHRI S. N. SOPARKAR & PARIN SHAH, AR RESPONDENT BY: SHRI SURENDRA KUMAR, CIT/ D.R. ( )/ ORDER DATE OF HEARING : 05 -04-201 7 DATE OF PRONOUNCEMENT : 13 -04-2017 PER N.K. BILLAIYA, ACCOUNTANT MEMBER: 1. THIS APPEAL BY THE REVENUE IS DIRECTED AGAINST THE ORDER OF THE LD. CIT(A)- III, AHMEDABAD DATED 28.01.2013 PERTAINING TO A.Y. 2007-08. IT(SS)A NO. 146/AHD/2013 . A.Y. 2007- 08 2 2. THE ONLY GRIEVANCE OF THE REVENUE IS THAT THE LD. C IT(A) ERRED IN DELETING THE ADDITION OF RS. 22,07,600/- MADE ON ACCOUNT OF UNEX PLAINED INVESTMENT IN LAND. 3. THE AFOREMENTIONED GRIEVANCE OF THE REVENUE CLEARLY SHOWS THAT THIS APPEAL HAS TO BE DISMISSED IN THE LIGHT OF THE CBDT CIRCULAR NO. 21 OF 2015 DATED 10.12.2015 BY WHICH THE BOARD HAS DIRECTED TH E REVENUE NOT TO FILE APPEAL BEFORE THE TRIBUNAL IN CASES WHERE THE TAX E FFECT IS LESS THAN RS. 10 LACS. 4. THE APPEAL FILED BY THE REVENUE IS ACCORDINGLY DISM ISSED. ORDER PRONOUNCED IN OPEN COURT ON 13 - 04- 20 17 SD/- SD/- (MAHAVIR PRASAD) (N. K. BILLAIYA) JUDICIAL MEMBER TRUE COPY ACCOUNTANT MEMBER AHMEDABAD: DATED 13 /04/2017 RAJESH COPY OF THE ORDER FORWARDED TO: - 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE CIT (APPEALS) 4. THE CIT CONCERNED. 5. THE DR., ITAT, AHMEDABAD. 6. GUARD FILE. BY ORDER DEPUTY/ASSTT.REGISTRAR ITAT,AHME DABAD