ACIT, CENTRAL CIRCLE-19, NEW DELHI vs. PILOT INDUSTRIES LTD., NEW DELHI

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ITA 4054/DEL/2019Status: DisposedITAT Delhi19 June 2020AY 2010-112 pages

In favour of the assessee: the Revenue's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal dismissed the appeal of the Revenue. This was done in light of the CBDT Circular No. 17/2019, which revised the monetary limit for filing departmental appeals to the ITAT.

What were the facts?

The Revenue filed an appeal before the ITAT for the assessment year 2010-11. The tax effect in this appeal was below ₹50 lakhs. The CBDT had revised the monetary limit for departmental appeals to the ITAT to ₹50 lakhs.

What were the issues?

The primary issue was whether the appeal was maintainable given the revised monetary limits set by the CBDT for departmental appeals.

Which sections of the Income-tax Act were involved?

Not Applicable

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, IN THE INCOME TAX APPELLATE TRIBUNAL

Before: SHRI G.S. PANNU & BEFORE SHRI G.S. PANNU & BEFORE SHRI G.S. PANNU & SHRI SUDHANSHU SRIVASTAVASHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA

For Appellant: Shri Jagdish Singh, Senior DR
Pronounced: 19.06.2020

PER G.S. PANNU PER G.S. PANNU, , , , VP PER G.S. PANNU PER G.S. PANNU VP VP : VP This appeal by the Revenue for the assessment year 2010-11 is directed against the order of learned CIT(A)-27, New Delhi dated 26th February, 2019.

2.

It is observed that the tax effect in this appeal by the Revenue is below `50 lakhs. The CBDT in its Circular No.17/2019 dated 8th August, 2019 has revised the monetary limit for filing of the departmental appeals to the ITAT at `50 lakhs.

3.

Learned Senior DR agreed that the tax effect in this appeal of the Revenue is below `50 lakhs.

2 ITA-4054/Del/2019

4.

In view of the above position, we deem it proper to dismiss the appeal of the Revenue in the light of the Circular No.17/2019 of the CBDT dated 8th August, 2019, as not maintainable.

5.

In the result, the appeal of the Revenue is dismissed. Above decision was announced in the presence of learned DR on conclusion of Virtual Hearing on 19th June, 2020.

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