The Dy. Commissioner of Income Tax, Circle-1(1)(1), Vadodara V. Ambalal Sarabhai Enterprises Limited, Vadodara

MA 42/AHD/2019

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 8358 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 month(s) 10 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 10-04-2019
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: D
• Assessment Year: misc
• Appeal Filed On: 31-01-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: O P PATHAK
• Keywords: Rectification of order; Tax effect; Set aside

Judgement Text

, D IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH, AHMEDABAD BEFORE SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER & SHRI MAHAVIR PRASAD, JUDICIAL MEMBER MISCELLANEOUS APPLICATION NO. 42/AHD/2019 A.Y. 19 84-85 ( IN I.T.A. NO. 2032/AHD/2017 - A.Y. 1984-85 ) THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1(1), BARODA / VS. M/S. AMBALAL SARABHAI ENTERPRISES LTD. DR. VIKRAM SARABHAI MARG, WADI WADI, VADODARA / / PAN/GIR NO. : AABCA6893K ( / APPELLANT ) .. ( / RESPONDENT ) / APPELLANT BY : SHRI O. P. PATHAK, SR.D.R. / RESPONDENT BY : URVASHI SHODHAN, A.R. / DATE OF HEARING 05/04/2019 !'# / DATE OF PRONOUNCEMENT 10/04/2019 / O R D E R PER PRADIP KUMAR KEDIA - AM: THE CAPTIONED MISCELLANEOUS APPLICATION HAS BEEN FI LED AT THE INSTANCE OF REVENUE SEEKING RECTIFICATION OF ORDER DATED 30.07.2018 PASSED BY THE TRIBUNAL UNDER S. 254(1) OF THE ACT. 2. AS PER THE AFORESAID APPLICATION, THE REVENUE SE EKS TO DEMONSTRATE THAT THE TAX EFFECT INVOLVED IN THE INS TANT CASE IS RS.24,95,182/- I.E. IN EXCESS OF THE REVISED THRESH OLD LIMIT SET OUT IN THE CBDT CIRCULAR NO. 3/2018 DATED 11.07.2018. THE ASSESSEE HAS NOT DEMONSTRATED ANY INCORRECTNESS IN ASSERTIONS MADE O N BEHALF OF THE REVENUE. THEREFORE, THE APPELLATE ORDER OF ITAT IN ITA NO. M.A. NO. 42/AHD/19 [DCIT VS. M/S. AMBALAL SARABHAI ENTERPRISES LTD.] A.Y. 1984-85 - 2 - 1282/AHD/2018 & ORS. DATED 30.07.2018 DISMISSED ON ACCOUNT OF LOW TAX EFFECT REQUIRES TO BE SET ASIDE AND CANCELLED. THE APPEAL OF THE REVENUE IS ACCORDINGLY RECALLED FOR FRESH HEARING I N REGULAR COURSE FOR WHICH THE DATE HAS BEEN FIXED ON 08.07.2019. THE R ECTIFICATION APPLICATION OF THE REVENUE IS ACCORDINGLY ALLOWED. 3. IN THE RESULT, MISCELLANEOUS APPLICATION FILED B Y THE REVENUE IS ALLOWED. SD/- SD/- (MAHAVIR PRASAD) (PRADIP KUMA R KEDIA) JUDICIAL MEMBER ACCOUNTANT MEMBER AHMEDABAD: DATED 10/04/2019 TRUE COPY S. K. SINHA ! / COPY OF ORDER FORWARDED TO:- & / REVENUE 2 / ASSESSEE ( ) *+ , / CONCERNED CIT 4 ,- / CIT (A) / 012 33*+4 *+#4 56) / DR, ITAT, AHMEDABAD 7 289 : / GUARD FILE. BY ORDER / 4 / 5 *+#4 56) THIS ORDER IS PRONOUNCED IN THE OPEN COURT ON 10/04/2019