ACIT, NEW DELHI vs M/S. CEC SOMA (JV), NEW DELHI

Income Tax Appellate Tribunal, DELHI BENCH “B”, NEW DELHI

Before: SHRI AMIT SHUKLA & SHRI WASEEM AHMED

For Appellant: Shri Anshu Prakash, D.R

O R D E R PER AMIT SHUKLA, J.M.: The aforesaid appeal has been filed by the Revenue against impugned order dated 5/8/2014, passed by the ld. CIT (A)-XXVIII, New Delhi for quantum of assessment passed under section 143(3) of the Income Tax Act, 1961 for assessment year 2008-09.

At the outset, Ld. Sr. DR fairly pointed out that the tax effect on the disputed issue as has been raised by the Revenue in the grounds of appeal is much less than Rs.10 lakhs. The disputed amount and the tax effect as per calculation given by the Ld. DR is as under:-

ACIT, NEW DELHI vs. M/S. CEC SOMA (JV), NEW DELHI