ACIT- 6 (1)(1), MUMBAI V. ARYA INFRACETUCIALS PVT. LTD., MUMBAI

MA 115/MUM/2020

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 4446 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 29 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 26-03-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2010-2011
• Appeal Filed On: 27-02-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: VIJAY KUMAR MENON
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL D B ENCH , MUMBAI BEFOR E: HON BL E JUSTICE P.P. BHATT, PRESIDENT & SHRI M.BALAGANESH, AM M.A. NO. 115 / MUM/2020 (ARISING OUT OF I TA NO. 3604 /MUM/ 2019 ( ASSESSMENT YEAR : 2010 - 11 ) ACIT - 6( 1)(1) ROOM NO.522 , 5 TH FLOOR AAYAKAR BHAVAN, M.K.ROAD, MUMBAI - 400020 VS. M/S. ARYA INFRA STRUCT URALS PVT. LTD., 414/415, BHARAT INDUSTRIAL ESTATE, 6 01, ARUN CHAMBER TARDEO, MUMBAI - 40003 4 PAN/GIR NO. AAGCA9672A (APPELLANT ) .. (RESPONDENT ) REVENUE BY S HRI VIJAYKUMAR ME NO N ASSESSEE BY NONE DATE OF HEARING 26 / 03 /202 1 DATE OF PRONO U NCEMENT 26 / 03 /202 1 / O R D E R PER M. BALAGANESH (A.M) : BY VIRTUE OF TH IS MISCELLANEOUS A PPLICATION , THE REVENUE SEEKS TO RECALL THE ORDER PASSED BY THIS TRIBUN AL F OR A.Y . 2010 - 11 ON 21/08/2019 WHEREIN THIS TR IBUNAL HAD DISMISSED THE APPEAL OF THE REVENUE BY FOLLO WING TH E CIRCUL AR ISSUED BY THE CBDT VIDE CIRCULAR NO.17/20 19 DAT ED 08/08/2019 ON THE GROUND THAT THE TAX EFFECT INVOLVED ON THE DISPUTED ISSUES WAS LES S THAN THE PRESCRIBED MONETARY LIMIT S AS PER THE AFORESAID CIRCULAR. M A NO . 115 /MUM/ 2020 M/S. ARYA INFRACETUCIALS P. LTD., 2 2. WE FIND THAT THE REVENUE IN ITS MISCELLANEOUS APPLICATION HAD SUBMITTED THAT ADDITIONS IN THE A SSESS MENT WERE MADE BASED ON THE INFORMATION RECEIVED FROM INVESTIGATION WING OF THE IN CO ME TAX DEPARTMENT AND THAT THE SAME FALLS UNDER THE EXCEPTION PROVIDED IN PAR A 10(E) OF THE CBDT CIRCULAR AND HENCE, THE APPEAL OF THE REVENUE CANNOT BE DISMISSED ON THE GROUND THAT THE TAX EFFEC T IS LESS THAN THE PRESC RIBED MONETARY LIMIT S. WE FIND THAT O N PERUSAL OF PAR A 10(E) OF THE CBDT CIRCULAR NO.3/ 20 18 DATED 11/07/2018 AND C IRCULAR NO.17/ 20 19 DATED 08/08/2019 THAT THE SAID PARA 10(E) ONLY SPEAKS ABOUT INFORMATIO N RECEIVED FROM EXTERNAL AGENCIES SUCH AS SALES TAX DEPARTMENT, SERIOUS FRAUD INV EST IGAT IO N OFFICE, SEBI ETC., ADMITTEDLY, THE INFORMATION RECEIVED FROM INVESTIGATION WING OF INCOME TAX DEPARTMENT WOULD FALL ONLY WITHIN THE AMBIT OF INTERNAL SOURCE OF INFO RMATION. HENCE, IN OUR CONSIDERED OPINION, TH E SAID INTERNAL INFORMATION RECEI VED FROM I NV ESTIGATIO N WING OF INCOME TA X DEPARTMENT WOULD NOT FALL WITHIN THE EXCEPTION CLAUSE PROVIDED IN PARA 10(E) OF THE CBDT CIRCULAR. HENCE, WE HO LD THAT THE ORDER PASSED BY THIS TRIBUNAL DOES NOT WARRANT ANY RECTIFICATION U/S.254 (2) OF THE ACT. ACCORDINGLY, TH E MISCELLANEOUS APPLICATION PREFERRED BY THE REVENUE IS DISMISSED. 3. IN THE RESULT, THE MISCELLANEOUS APPLICATION PREFERRED BY THE RE VENUE IS DISMISSED. ORDER PRONOUNCE D ON 26 / 03 / 202 1 BY WAY OF PROPER M ENTIONING IN T HE NOTICE BOARD. SD/ - ( J USTI CE P.P. BHATT ) SD/ - (M.BALAGANESH) PRESIDENT ACCOUNTANT MEMB ER MUMBAI ; DATED 26 / 03 / 202 1 KARUNA , SR.PS M A NO . 115 /MUM/ 2020 M/S. ARYA INFRACETUCIALS P. LTD., 3 COPY OF THE O RDER FORWARDED TO : BY ORDER, ( ASSTT. REGIST RAR) ITAT, MUMBAI 1. THE APPELLANT 2. THE RESPONDENT. 3 . TH E CIT(A), MUMBAI. 4. CIT 5. DR, ITA T, MUMBAI 6. GUARD FILE. //TRUE COPY//