Income-tax Officer, Ward - 1,, Beed v. M/s. Siddheshwar Urban Co-op Credit Society Ltd,, Beed

ITA 2533/PUN/2017 | 2014-2015
Pronouncement Date: 18-03-2021 | Result: Dismissed

Appeal Details

RSA Number 253324514 RSA 2017
Assessee PAN AACAT2617B
Bench Pune
Appeal Number ITA 2533/PUN/2017
Duration Of Justice 3 year(s) 4 month(s) 15 day(s)
Appellant Income-tax Officer, Ward - 1,, Beed
Respondent M/s. Siddheshwar Urban Co-op Credit Society Ltd,, Beed
Appeal Type Income Tax Appeal
Pronouncement Date 18-03-2021
Appeal Filed By Department
Order Result Dismissed
Bench Allotted A
Tribunal Order Date 18-03-2021
Date Of Final Hearing 28-01-2021
Next Hearing Date 28-01-2021
Last Hearing Date 03-04-2020
First Hearing Date 15-12-2020
Assessment Year 2014-2015
Appeal Filed On 02-11-2017
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH A PUNE VIRTUAL COURT BEFORE SHRI R.S. SYAL VICE PRESIDENT AND SHRI S.S. VISWANETHRA RAVI JUDICIAL MEMBER ITA NO. 2533/PUN/2017 / ASSESSMENT YEAR : 2014-15 ITO WARD-1 BEED VS. M/S. SIDDHESHWAR URBAN CO-OP. CREDIT SOCIETY LTD. NEW MONDHA MAJALGAON TA. MAJALGAON DIST. BEED PAN : AACAT2617B APPELLANT RESPONDENT / ORDER THIS APPEAL BY THE REVENUE ARISES OUT OF THE ORDER PASSE D BY THE CIT(A)-2 AURANGABAD ON 21-08-2017 IN RELATION TO THE ASSESSMENT YEAR 2014-15. 2. AT THE OUTSET THE LD. AR SUBMITTED THAT THE TAX EFFECT IN THIS CASE IS LESS THAN RS.50.00 LAKH TO WHICH THE LD. DR FAIRLY CONCEDED. 3. THE CBDT HAS ISSUED CIRCULAR NO.17/2019 DATED 08-0 8-2019 REVISING UPWARD THE MONETARY LIMITS FOR FILING OF APPEALS BY THE DEPARTMENT IN INCOME-TAX CASES BEFORE VARIOUS APPELLATE FO RUMS. THE EARLIER CIRCULAR NO.03/2018 DATED 11-07-2018 FIXED MO NETARY LIMIT FOR FILING OF APPEALS BY THE REVENUE BEFORE THE TRIBUNA L AT ASSESSEE BY SHRI SURENDRA D. MANDLECHA REVENUE BY SHRI S.P. WALIMBE DATE OF HEARING 18-03-2021 DATE OF PRONOUNCEMENT 18-03-2021 ITA NO.2533/PUN/2017 M/S. SIDDHESHWAR URBAN CO-OPERATIVE CREDIT SOCIETY LTD. 2 RS.20.00 LAKH. SUCH LIMIT HAS NOW BEEN ENHANCED IN THE C IRCULAR DATED 08-08-2019 TO RS.50.00 LAKH. SINCE TAX EFFECT IN THE IN STANT APPEAL IS LESS THAN THE REVISED MONETARY LIMIT OF RS.50.00 LAK H WE ARE NOT INCLINED TO ENTERTAIN THIS APPEAL. 4. AT THIS JUNCTURE IT IS PERTINENT TO NOTE THAT THE CBDT VIDE F.NO.279/MISC/M-13/2018-ITJ DATED 20-08-2019 HAS CLARIFIED THAT THE REVISED MONETARY LIMITS SO MENTIONED IN CIRCULAR NO.17/2 019 ARE APPLICABLE TO ALL PENDING APPEALS. IN VIEW OF THE FOREG OING DISCUSSION WE DISMISS THE APPEAL FILED BY THE REVENUE. HO WEVER IT IS MADE CLEAR THAT IF THE TAX EFFECT IN THIS PARTICULAR APPEAL IS MORE THAN THE PRESCRIBED MONETARY LIMIT OF RS.50.00 LAKH OR THE CASE IS COVERED BY AN EXCEPTION IT WILL BE OPEN TO THE REVEN UE TO MOVE THE TRIBUNAL FOR TAKING NECESSARY ACTION. 5. IN THE RESULT THE APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 18 TH MARCH 2021. SD/- SD/- (S.S. VISWANETHRA RAVI) (R.S.SY AL) JUDICIAL MEMBER VIC E PRESIDENT PUNE; DATED : 18 TH MARCH 2021 ITA NO.2533/PUN/2017 M/S. SIDDHESHWAR URBAN CO-OPERATIVE CREDIT SOCIETY LTD. 3 / COPY OF THE ORDER IS FORWARDED TO : 1. / THE APPELLANT; 2. / THE RESPONDENT; 3. THE CIT(A)-2 AURANGABAD 4. 5. THE PR. CIT-2 AURANGABAD A / DR A ITAT PUNE 6. / GUARD FILE / BY ORDER // TRUE COPY // SENIOR PRIVATE SECRETARY / ITAT PUNE DATE 1. DRAFT DICTATED ON 18-03-2021 SR.PS 2. DRAFT PLACED BEFORE AUTHOR 18-03-2021 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER JM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. JM 5. APPROVED DRAFT COMES TO THE SR.PS/PS SR.PS 6. KEPT FOR PRONOUNCEMENT ON SR.PS 7. DATE OF UPLOADING ORDER SR.PS 8. FILE SENT TO THE BENCH CLERK SR.PS 9. DATE ON WHICH FILE GOES TO THE HEAD CLERK 10. DATE ON WHICH FILE GOES TO THE A.R. 11. DATE OF DISPATCH OF ORDER. *