DY. CIT, PUNE vs. THERMAX ENGG. CONS CO LTD., PUNE

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ITA 122/PUN/2013Status: DisposedITAT Pune02 August 2018AY 2004-053 pages
AI SummaryWithdrawn

What did the Tribunal hold?

The Tribunal noted that the appeal's tax effect was below the revised monetary limits set by the CBDT. Without going into the merits, the appeal was dismissed as withdrawn/not pressed.

What were the facts?

The Revenue filed an appeal before the ITAT against an order related to assessment year 2004-05. The tax effect in dispute was below the revised monetary limits for filing appeals as per a CBDT Circular.

What were the issues?

Whether the appeal filed by the Revenue was maintainable given the revised monetary limits prescribed by the CBDT Circular.

Which sections of the Income-tax Act were involved?

Section 143(3)

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, PUNE BENCH “A”, PUNE

For Appellant: Shri Ashok Babu, JCIT
For Respondent: Shri Avinash Amle
Hearing: 02.08.2018Pronounced: 02.08.2018

आदेश / ORDER

PER SUSHMA CHOWLA, JM:

The appeal filed by Revenue is against order of CIT(A)-V, Pune, dated 12.10.2012 relating to assessment year 2004-05 against order passed under section 143(3) of the Income-tax Act, 1961 (in short ‘the Act’).

2.

The CBDT vide Circular No.3/2018, dated 11.07.2018 has revised the monetary limits for filing of appeals by the Department before the Tribunal with retrospective effect. The tax effect in dispute in the captioned appeal is stated

ITA No.122/PUN/2013 2 Thermax Engg. Cons. Co. Ltd.

to be below the monetary limit of ₹ 20.00 lakhs specified in the CBDT Circular dated 11.07.2018 (supra).

3.

In this background, the learned Departmental Representative for the Revenue was required to state his position; he has not referred to any material which would show that the captioned appeal is protected by any of the exceptions provided in para 10 of the Circular (supra).

4.

Without going into the merit of the issues raised in the captioned appeal, this appeal is deemed to be withdrawn/not pressed as its filing is in contravention of the CBDT Circular dated 11.07.2018 (supra). Before parting, we clarify here that the Revenue shall be at liberty to approach the Tribunal for re-institution of appeal, if the requisite material is brought to show that the appeal is protected by the exceptions prescribed in para 10 of the Circular (supra).

5.

In conclusion, by applying the CBDT Circular dated 11.07.2018 (supra), the captioned appeal of the Revenue is dismissed as withdrawn/not pressed.

6.

In the result, the appeal of Revenue is dismissed.

Order pronounced in open Court on this 2nd day of August, 2018.

Sd/- Sd/- (ANIL CHATURVEDI) (SUSHMA CHOWLA) ऱेखा सदस्य / ACCOUNTANT MEMBER न्याययक सदस्य / JUDICIAL MEMBER ऩुणे / Pune; ददनाांक Dated : 2nd August, 2018. GCVSR

ITA No.122/PUN/2013 3 Thermax Engg. Cons. Co. Ltd.

आदेश की प्रयतलऱपप अग्रेपषत/Copy of the Order is forwarded to : 1. अऩीऱाथी / The Appellant; 2. प्रत्यथी / The Respondent; 3. आयकर आयुक्त(अऩीऱ) / The CIT(A)-V, Pune; 4. The CIT-V, Pune; ववभागीय प्रतततनधध, आयकर अऩीऱीय अधधकरण, ऩुणे “ए” / DR 5. ‘A’, ITAT, Pune; 6. गार्ड पाईऱ / Guard file. आदेशािुसार/ BY ORDER, सत्यावऩत प्रतत //True Copy// वररष्ठ तनजी सधिव / Sr. Private Secretary आयकर अऩीऱीय अधधकरण ,ऩुणे / ITAT, Pune

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