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Income Tax Appellate Tribunal, “D” BENCH, AHMEDABAD
Before: SHRI PRADIP KUMAR KEDIA
आदेश/O R D E R
PER PRADIP KUMAR KEDIA - AM:
The captioned appeal has been filed at the instance of the
Revenue against the order of the Commissioner of Income Tax
(Appeals)-8, Ahmedabad (‘CIT(A)’ in short), dated 20.12.2016
arising in the assessment order dated 18.12.2015 passed by the
ITA No.530/Ahd/17 [DCIT vs. M/s. The Serendipity Apparels Pvt. Ltd.] A.Y. 2013-14 - 2 -
Assessing Officer (AO) under s. 143(3) of the Income Tax Act,
1961 (the Act) concerning assessment year 2013-14.
The grounds of appeal raised by the Revenue reads as
under:-
“1. “Whether the Ld. CIT(Appeal) is right in law and on facts in deleting the disallowance of Rs.40,44,448/- made on account of depreciation on leased assets.”
At the time of hearing, it was submitted by the Ld.AR for
the assessee that the appeal filed by the Revenue is hit by recently
issued CBDT Circular No.3 of 2018 dated 11/07/2018 revising the
previous thresholds pertaining to tax effects. As per aforesaid
Circular, all pending appeals filed by Revenue are liable to be
dismissed as a measure for reducing litigation where the tax effect
does not exceed the prescribed monetary limit which is now
revised at Rs.20 Lakhs. In the instant case, the tax effect on the
disputed issues raised by the Revenue is stated to be not
exceeding Rs.20 lakhs and therefore appeal of the Revenue is
required to be dismissed in limine.
The Learned DR for the Revenue fairly admitted the
applicability of the CBDT Circular No. 3 of 2018. Accordingly,
appeal of the Revenue is dismissed as not maintainable. However,
ITA No.530/Ahd/17 [DCIT vs. M/s. The Serendipity Apparels Pvt. Ltd.] A.Y. 2013-14 - 3 -
it will be open to the Revenue to seek restoration of its appeal on
showing inapplicability of the aforesaid CBDT Circular in any
manner.
In the result, the appeal of the Revenue is dismissed.
This Order pronounced in Open Court on 03/12/2018
Sd/- Sd/- (MADHUMITA ROY) (PRADIP KUMAR KEDIA) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad: Dated 03/12/2018 True Copy S. K. SINHA आदेश क� ��त�ल�प अ�े�षत / Copy of Order Forwarded to:- 1. राज�व / Revenue 2. आवेदक / Assessee 3. संबं�धत आयकर आयु�त / Concerned CIT 4. आयकर आयु�त- अपील / CIT (A) 5. �वभागीय ��त�न�ध, आयकर अपील�य अ�धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड� फाइल / Guard file. By order/आदेश से,
उप/सहायक पंजीकार आयकर अपील�य अ�धकरण, अहमदाबाद ।