Monarch Comtrade Pvt. Ltd.,, Ahmedabad v. The Dy.CIT, Circle-3,, Ahmedabad

CO 141/AHD/2014 | 2009-2010
Pronouncement Date: 29-09-2016 | Result: Dismissed

Appeal Details

RSA Number 14120523 RSA 2014
Assessee PAN AAICS2001G
Bench Ahmedabad
Appeal Number CO 141/AHD/2014
Duration Of Justice 2 year(s) 2 month(s) 18 day(s)
Appellant Monarch Comtrade Pvt. Ltd.,, Ahmedabad
Respondent The Dy.CIT, Circle-3,, Ahmedabad
Appeal Type Cross Objection
Pronouncement Date 29-09-2016
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted C
Tribunal Order Date 29-09-2016
Date Of Final Hearing 28-09-2016
Next Hearing Date 28-09-2016
Assessment Year 2009-2010
Appeal Filed On 11-07-2014
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD C BENCH (BEFORE SHRI N.K. BILLAIYA ACCOUNTANTMEMBER & SHRI MAHAVIR PRASAD JUDICIAL MEMBER) ITA. NO: 934/AHD/2014 & C.O. NO. 141/AHD/14 (ASSESSMENT YEAR: 2009-10) DY. COMMISSIONER OF INCOME TAX CIRCLE-3 AHMEDABAD M/S. MONARCH COMTRTADE PRIVATE LIMITED MONARCH HOUSE NEAR ISHWARBHUVAN H.L. COMMERCE COLLEGE SIX ROADS NAVRANGPURA AHMEDABAD-380009 V/S V/S M/S. MONARCH COMTRTADE PRIVATE LIMITED MONARCH HOUSE NEAR ISHWARBHUVAN H.L. COMMERCE COLLEGE SIX ROADS NAVRANGPURA AHMEDABAD-380009 DY. COMMISSIONER OF INCOME TAX CIRCLE-3 AHMEDABAD (APPELLANT) (RESPONDENT) PAN: AAICS2001G APPELLANT BY : SHRI PRASOON KABRA SR. D. R. RESPONDENT BY : SHRI MRUNAL N. SHAH ( )/ ORDER DATE OF HEARING : 28 -09-201 6 DATE OF PRONOUNCEMENT : 29 -09-2016 ITA NO. 934/AHD/14 & C.O. NO. 141/AHD/14 . A.Y. 2009-10 2 PER N.K. BILLAIYA ACCOUNTANT MEMBER: 1. ITA NO. 934/AHD/2014 & C.O. NO. 141/AHD/2014 ARE AP PEAL OF THE REVENUE AND CROSS OBJECTION OF THE ASSESSEE FILED A GAINST THE VERY SAME ORDER OF THE LD. CIT(A)-II AHMEDABAD DATED 02 .01.2014 PERTAINING TO A.Y. 2009-10. 2. BOTH THESE APPEALS WERE HEARD TOGETHER AND ARE DISP OSED OF BY THIS COMMON ORDER FOR THE SAKE OF CONVENIENCE. 3. THE ONLY GRIEVANCE OF THE REVENUE RELATES TO THE DE LETION OF THE DISALLOWANCE OF THE BAD DEBTS AMOUNTING TO RS. 13 5 5 731/-. 4. THE QUANTUM INVOLVED IN THIS GRIEVANCE OF THE REVEN UE ITSELF SHOWS THAT THE TAX EFFECT WOULD BE LESS THAN RS. 10 LACS. THEREFORE THIS APPEAL BY THE REVENUE HAS TO BE DISMISSED IN THE LI GHT OF THE CBDT CIRCULAR NO. 21 OF 2015 DATED 10.12.2015 WHEREIN TH E CBDT HAS FIXED THE MONETARY LIMIT FOR FILING THE APPEAL BEFORE THE APPELLATE TRIBUNAL IS MORE THAN RS. 10 LACS. APPEAL FILED BY THE REVENUE IS ACCORDINGLY DISMISSED. 5. THE LD. COUNSEL FOR THE ASSESSEE STATED THAT HE IS NOT PRESSING THE CROSS OBJECTION AND THE SAME IS ALSO DISMISSED. ORDER PRONOUNCED IN OPEN COURT ON 29 - 09- 201 6. SD/- SD/- (MAHAVIR PRASAD) (N. K. BILLAIYA) JUDICIAL MEMBER ACCOUNTANT MEMBER AHMEDABAD: TRUE COPY