DY. C.I.T. CIR-.2, Nagpur v. M/S G.K.POWER TRANSMISSION CO. P.LTD., Nagpur

ITA 345/NAG/2016 | 2011-12
Pronouncement Date: 07-11-2021 | Result: Dismissed

Appeal Details

RSA Number 34523914 RSA 2016
Assessee PAN AACCQ7447A
Bench Nagpur
Appeal Number ITA 345/NAG/2016
Duration Of Justice 5 year(s) 5 month(s) 19 day(s)
Appellant DY. C.I.T. CIR-.2, Nagpur
Respondent M/S G.K.POWER TRANSMISSION CO. P.LTD., Nagpur
Appeal Type Income Tax Appeal
Pronouncement Date 07-11-2021
Appeal Filed By Department
Order Result Dismissed
Bench Allotted DB
Assessment Year 2011-12
Appeal Filed On 18-05-2016
Judgment Text
आयकर अपीलीय अिधकरण ᭠यायपीठ नागपुर मᱶ । IN THE INCOME TAX APPELLATE TRIBUNAL BENCH NAGPUR (At e-Court PUNE) BEFORE SHRI INTURI RAMA RAO AM AND SHRI S. S. VISWANETHRA RAVI JM आयकर अपील सं. / ITA No.345/NAG/2016 िनधाᭅरण वषᭅ / Assessment Year : 2011-12 DCIT Circle-2 Nagpur. .......अपीलाथᱮ / Appellant बनाम / V/s. G. K. Power Transmission Co. P. Ltd. A-5/2 NSK Society Temple Road Civil Lines Nagpur-440001. PAN : AACCQ7447A ......ᮧ᭜यथᱮ / Respondent Revenue by : Shri Vitthal Bhosale Assessee by : None सुनवाई कᳱ तारीख / Date of Hearing : 08.11.2021 घोषणा कᳱ तारीख / Date of Pronouncement : 08.11.2021 आदेश / ORDER This is an appeal filed by the Revenue directed against the order of the ld. Commissioner of Income Tax (Appeals)-1 Nagpur (‘CIT(A)’ for short) dated 21.03.2016 for the Assessment Year 2011-12. 2. It is stated before us that the tax effect in the present appeal is less than Rs.50 lakhs and therefore the Circular No.17/2019 dated 08.08.2019 issued by the Central Board of Direct Taxes (CBDT) in exercise of its power vested under Sec.268A(1) of the IT Act comes into play wherein the monetary limit for filing the appeal by the Revenue before the ITAT and various High Courts as well as Apex Court are revised with an object of reducing the tax litigation. Vide para 3 of the said circular (supra) it is stated that in cases where the tax effect in the appeals to be filed before the Appellate Tribunal does not exceed Rs.50 2 lakhs appeals should not be filed. Thus taking a note of CBDT Circular No.17/2019 dated 08.08.2019 and considering the fact that the tax effect in the instant appeal is less than Rs.50 lakhs the present appeal deserves to be dismissed as not pressed / not maintainable. However we make it clear that the issues raised in the instant appeal are left open to be examined in the appropriate proceedings if arises in future. At the same time we also make it clear that if the appeal falls in any of the exceptions referred to in the above said CBDT Circular the Revenue is at liberty to move an application for recalling the order if so advised. Accordingly in the light of CBDT Circular No.17/2019 dated 08/08/2019 the appeal filed by the Revenue stands dismissed. 3. In the result the appeal filed by the Revenue stands dismissed. Order pronounced in the open Court on this 08 th day of November 2021. Sd/- Sd/- (S. S. VISWANETHRA RAVI) (INTURI RAMA RAO) ᭠याियक सद᭭य/JUDICIAL MEMBER लेखा सद᭭य/ACCOUNTANT MEMBER पुणे / Pune; ᳰदनांक / Dated : 08 th November 2021. Sujeet आदेश कᳱ ᮧितिलिप अᮕेिषत/Copy of the Order forwarded to : 1. अपीलाथᱮ / The Appellant 2. ᮧ᭜यथᱮ / The Respondent 3. 4. 5 6. CIT(A)-1 Nagpur. The CIT-1 Nagpur. िवभागीय ᮧितिनिध आयकर अपीलीय अिधकरण नागपुर / DR ITAT “Nagpur” Pune; गाडᭅ फाईल / Guard file. आदेशानुसार/ BY ORDER // True Copy // वᳯर᳧ िनजी सिचव / Sr. Private Secretary आयकर अपीलीय अिधकरण पुणे / ITAT Pune.