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Income Tax Appellate Tribunal, AHMEDABAD “A” BENCH AHMEDABAD
IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD “A” BENCH AHMEDABAD
BEFORE, SHRI S. S. GODARA, JUDICIAL MEMBER AND SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER
ITA Nos. 143 & 144/Ahd/2015 (Assessment Years: 2008-09 & 2009-10) The Income-tax Officer, Ward-2(2)(1), Ahmedabad, 1st Floor, C. U. Shah Bldg., Ashram Road, Ahmedabad- 380009 Appellant Vs. M/s. Apex Dyes & Intermediates, 7-B, Ajanta Commercial Centre, Ashram Road, Ahmedabad - 380014 Respondent
PAN: AADFA2959F
राज�व क� ओर से/By Revenue : Shri Keyur Patel, Sr. D.R. आवेदक क� ओर से/By Assessee : Shri R. C. Shah, A.R. सुनवाई क� तार�ख/Date of Hearing : 13.12.2017 घोषणा क� तार�ख/Date of Pronouncement : 13.12.2017 ORDER PER BENCH
These two Revenue’s appeals for assessment years 2008-09 & 2009-10 arise against the CIT(A)-XIV, Ahmedabad’s separate orders dated 17.10.2014 & 16.10.2014, in case nos. CIT(A)-XIV/Ward-7(3)/398/2013-14 & CIT(A)- XIV/Ward/7(3)/397/2013-14; respectively, in proceedings u/s. 143(3) r.w.s. 147 of the Income Tax Act, 1961; in short “the Act”.
ITA Nos. 143 & 144/Ahd/15 [ITO vs. M/s. Apex Dyes & Intermediates] - 2 - A.Ys. 2008-09 & 2009-10
The Revenue’s substantive ground pleaded in the both appeals challenges the CIT(A)’s order deleting the disallowance of interest expense amounting to Rs.14,48,432/- in A.Y. 2008-09 and Rs.19,36,829/- in A.Y. 2009-10. There is no dispute that the net tax effect in both appeals is less than Rs.10 lacs. We find that the Central Board of Direct Taxes; hereafter the ‘Board’ has issued the circular no. 21/2015 dated 10.12.2015 clearly envisaging therein that department’s pending appeals before the tribunal/high courts are to be withdrawn/not pressed as per the above stated circular. The same has been declared to be having retrospective effect in other words. We take into consideration the above stated Board’s circular and dismiss both the appeals accordingly.
Revenue’s both appeals are dismissed as having low tax effect.
[Pronounced in the open Court on this the 13th day of December, 2017.]
Sd/- Sd/- (PRADIP KUMAR KEDIA) (S. S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad: Dated 13/12/2017 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 ।