Megh Realinvest P.Ltd, Gurgaon v. DCIT, Central Circle, Dehradun

CO 14/DDN/2019 | 2013-2014
Pronouncement Date: 10-11-2021 | Result: Dismissed

Appeal Details

RSA Number 1426023 RSA 2019
Assessee PAN AAHCM6464E
Bench Dehradun
Appeal Number CO 14/DDN/2019
Duration Of Justice 2 year(s) 1 month(s) 11 day(s)
Appellant Megh Realinvest P.Ltd, Gurgaon
Respondent DCIT, Central Circle, Dehradun
Appeal Type Cross Objection
Pronouncement Date 10-11-2021
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted DB
Assessment Year 2013-2014
Appeal Filed On 30-09-2019
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL DEHRADUN BENCH DEHRADUN BEFORE SHRI AMIT SHUKLA JUDICIAL MEMBER & SHRI Dr. B.R.R. KUMAR ACCOUNTANT MEMBER I.T.A. No.5101/DEL/2018 Assessment Year 2013-14 DCIT Central Circle Dehradun. v. Megh Realinvest P. Ltd. A-149 Florence Elite Sushant Lok-3 Sector-7 Gurgaon. TAN/PAN: AAHCM6464E (Appellant) (Respondent) CO No.14/DEL/2019 Assessment Year 2013-14 Megh Realinvest P. Ltd. A-149 Florence Elite Sushant Lok-3 Sector-7 Gurgaon. v. DCIT Central Circle Dehradun. TAN/PAN: AAHCM6464E (Appellant) (Respondent) Appellant by: Shri N.S. Jangpungi CIT-DR Respondent by: Shri Rajesh Malhotra CA Date of hearing: 11 11 2021 Date of pronouncement: 11 2021 O R D E R PER AMIT SHUKLA J.M.: The aforesaid appeal has been filed by the assessee against the impugned order dated 2305.2018 passed by Commissioner of Income Tax (Appeals)-IV Kanpur for the Assessment Year 2013-14. 2. Before us ld. counsel for the assessee submitted that the I.T.A. No.5101/DEL/2018 & CO No.14/Del/2019 2 tax effect on disputed amount as raised in the Revenue’s appeal is much below the monetary prescribed limit of Rs.50 lac as per CBDT Circular No.17/2019 dated 08.08.2019 the appeal of the Revenue is not maintainable. 3. Further CBDT vide clarification dated 20.08.2019 has clarified that the aforesaid circular will apply to all pending appeals also. Accordingly the appeal of the Revenue is dismissed as non maintainable as the tax effect is below Rs.50 lakhs. Thus the appeal filed by the Revenue is dismissed. 6. Since the appeal of the Revenue is dismissed on low tax effect; therefore the Cross Objection of the assessee does not survive as has become infructuous. Thus the Cross Objection of the assessee is dismissed as has become infructuous. 7. In the result the appeal of the Revenue and the Cross Objection of the assessee are dismissed. Order pronounced in the open Court on 11 th November 2021. Sd/- Sd/- [Dr. B.R.R. KUMAR] [AMIT SHUKLA] ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 11 th November 2021 Prabhat