THE DEPUTY COMMISSIONER OF INCOME TAX, BILASPUR(CG) vs. M/S ABHA POWER & STEEL PVT LTD., BILASPUR(CG)

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ITA 50/BIL/2016Status: DisposedITAT Raipur06 November 2019AY 2010-1117 pages
AI SummaryPartly Allowed

What did the Tribunal hold?

The Tribunal has decided various appeals, with the outcome for each case depending on the specific facts and legal arguments presented. The judgment addresses multiple issues across these appeals.

What were the facts?

This judgment consolidates numerous appeals filed by the Income Tax Department and assessees concerning various assessment years. The cases involve a wide range of assessees, including individuals, HUFs, and private limited companies.

What were the issues?

The appeals likely deal with issues related to the addition of income, penalty proceedings, and other related tax matters, requiring the Tribunal to interpret various provisions of the Income Tax Act.

Which sections of the Income-tax Act were involved?

Section 68,Section 271(1)(c)

AI-generated summary — verify with the full judgment below

आदेश / ORDER PER BENCH :

These 88 appeals by the Revenue and 33 Cross objections by the assessees relate to different assessees and differentassessment years.

2.

The Ld. DRs filed applications seeking permission to withdraw all the appeals of Revenue in view of CBDT Circular No.17/2019 [F No.279/Mise.142/2007-ITJ (Pt)], dated 08-08-2019 read with Circular No.3 of 2018 dated 11.07.2018 revising the upward monetary limits for filing of appeals in Income Tax Cases before various Appellate Forums. He further submitted that the earlier CBDT Circular No.03/2019 dated 11.07.2018 fixed monetary limit for filing of appeals before the Tribunal at Rs.20 Lakhs. Such limit has been enhanced in the recent CBDT Circular dated 08.08.2019 (supra) from Rs.20 lakhs to Rs. 50 Lakhs. Thus, the tax effect on the addition is less than Rs.50 Lakhs.

15 LTE 50 Lakhs group of cases

3.

The Ld. ARs representing several assessees filed their respective applications seeking permission to withdraw their Cross Objections in view of withdrawal of appeals by the Revenue on account of low tax effect.

4.

Both sides heard. The Revenue is in appeal against the respective orders of Ld. CIT(Appeals) in deleting the additions. Undisputedly, the tax effect involved in these appeals is less than the monetary limit prescribed by the recent CBDT Circular No.17/2019 [F No.279/Mise.142/2007-ITJ (Pt)] dated 08-08-2019 read with Circular No.3 of 2018 dated 11.07.2018 for filing of appeals before the Tribunal by the Department. The CBDT vide circular dated 08.08.2019 (supra.) has amended Para 3 of Circular No.3 of 2018 dated 11.07.2018 thereby enhancing monetary limit of tax effect from Rs.20 Lakhs to Rs.50 Lakhs for filing appeals by the Department before the Tribunal. Since the Ld. DR and Ld. ARs filed applications for withdrawal of appeals and cross objections, we accordingly, permit them to withdraw all the appeals and cross objections. Accordingly, all the appeals and cross objections are being dismissed as withdrawn.

5.

Before parting, we clarify here that the Revenue shall be at liberty to approach the Tribunal for restoration of appeal, with the requisite material to show that the appeal is protected by the exceptions prescribed in Para

16 LTE 50 Lakhs group of cases

10 of the Circular dated 11-07-2018 and its amendment dated 20-08- 2018.

6.

In the combined result, all the appeals of the Revenue are dismissed and cross objections filed by the assessee are also dismissed.

Order pronounced in the Open Court on 6thNovember, 2019.

Sd/- Sd/- PARTHASARATHI CHAUDHURY ANIL CHATURVEDI JUDICIAL MEMBER ACCOUNTANT MEMBER रायपुर/ RAIPUR ; दिनाांक / Dated :6thNovember, 2019. GCVSR/SB आदेश की प्रतिलऱपप अग्रेपिि / Copy of the Order forwarded to : 1. अपीऱार्थी / The Appellant. 2. प्रत्यर्थी / The Respondent. 3. The concerned CIT(A) 4. The concerned CIT 5.विभागीय प्रतितनधि, आयकर अपीऱीय अधिकरण,रायपुरबेंच, रायपुर / DR, ITAT, Raipur Bench, Raipur. गार्ड फ़ाइऱ / Guard File. 6. आिेशानुसार / BY ORDER,

//True Copy// Senior Private Secretary आयकरअपीऱीयअधिकरण, रायपुर/ ITAT, Raipur.

17 LTE 50 Lakhs group of cases

Date 1 Draft dictated on 06.11.2019 Sr.PS/PS 2 Draft placed before author 06.11.2019 Sr.PS/PS 3 Draft proposed and placed JM/AM before the second Member 4 Draft discussed/approved by AM/JM second Member 5 Approved draft comes to the Sr.PS/PS Sr. PS/PS 6 Kept for pronouncement on Sr.PS/PS 7 Date of uploading of order Sr.PS/PS 8 File sent to Bench Clerk Sr.PS/PS 9 Date on which the file goes to the Head Clerk 10 Date on which file goes to the A.R 11 Date of dispatch of order

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