DCIT CIR-4(1), KOLKATA, KOLKATA vs. ANDREW YULE AND COMPANY LIMITED, KOLKATA

आयकर अपीलीय अिधकरण कोलकाता 'ए' पीठ, कोलकाता म� IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘A’ BENCH, KOLKATA �ी संजय गग�, �ाियक सद� एवं �ी संजय अव�थी, लेखा सद� के सम� Before SRI SANJAY GARG, JUDICIAL MEMBER & SRI SANJAY AWASTHI, ACCOUNTANT MEMBER I.T.A. No.: 1916/KOL/2024 Assessment Year: 2013-14 D.C.I.T, Cir-4(1), Kolkata ………. Appellant Vs. Andrew Yule & Company Limited ......... Respondent Yule House, 8 Dr. Rajendra Prasad Sarani, Kolkata-700001. (PAN: AACCA4245Q) Appearances: Appellant represented by : Shri Bonnine Debbarma, Addl. CIT, DR Respondent represented by : N o n e

Date of concluding the hearing : December 9th, 2024 Date of pronouncing the order : December 9th, 2024 ORDER Per Sanjay Garg, Judicial Member: The present appeal filed by the Revenue is directed against the order dated 01.05.2024 of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) [hereinafter referred to as Ld. 'CIT(A)']. 2. It is seen, at the outset, that the tax effect on the disputed additions before us is less than Rs. 60 lakh as prescribed in the CBDT’s latest

I.T.A. No.: 1916/KOL/2024 Assessment Year: 2013-14 Andrew Yule & Co. Ltd. Circular No. 09/2024 dated 17.09.2024 for filing appeals by the Revenue before this Tribunal. 2.1. This circular prescribes that the revised monetary limits shall apply retrospectively to pending appeals as well. 3. The ld. DR has also fairly stated that tax effect involved in appeal is less than the prescribed limit. 4. In view of above stated position, the appeal of the Revenue is dismissed u/s 268A of the Act because of low tax effect than the prescribed limits as per CBDT Circular No. 09/2024 (supra). 5. In the result, appeal of the revenue is dismissed. Order pronounced in the open Court. Sd/- Sd/- [Sanjay Awasthi] [Sanjay Garg] ` Accountant Member Judicial Member Dated: 09.12.2024 Jd., Sr.P.S) Copy of the order forwarded to: 1. Appellant – DCIT, Circle-4(1), Kolkata. 2. Respondent – Andrew Yule & Co. Ltd. 3. CIT(A), NFAC, Delhi. 4. Pr. CIT- 5. CIT(DR), Kolkata Benches, Kolkata. //True copy // By order Assistant Registrar ITAT, Kolkata Benches Kolkata

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