D.C.I.T CC - XX,KOLKATA., KOLKATA vs. M/S NARESH KUMAR & CO PVT LTD., KOLKATA

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ITA 348/KOL/2013Status: DisposedITAT Kolkata29 January 2016AY 2006-071 pages
AI SummaryDismissed

What did the Tribunal hold?

The Tribunal dismissed the appeals filed by the revenue. This was based on the revenue's submission that the appeals were below the monetary limit prescribed by the CBDT.

What were the facts?

The revenue filed appeals against orders of the CIT(A) for assessment years 2006-07 and 2007-08. The assessments were framed under section 144/153A of the Income-tax Act.

What were the issues?

Whether the revenue's appeals should be withdrawn as they fall below the prescribed monetary limit for appeals.

Which sections of the Income-tax Act were involved?

Section 144,Section 153A

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, “A” BENCH: KOLKATA

Before: Shri Mahavir Singh, JM & Shri Waseem Ahmed, AM]

Hearing: 29.01.2016Pronounced: 29.01.2016

Per Shri Mahavir Singh, JM: Both these appeals by revenue are arising out of separate orders of CIT(A), Central-III, Kolkata vide Appeal Nos. 257 & 258/CC-XX/CIT(A)C-III/11-12/Kol both dated 27.11.2012. Assessments were framed by JCIT(O ),CC-XX, Kolkata u/s. 144/153A of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) for Assessment Years 2006-07 & 2007-08 vide his separate orders both dated 26.12.2011. 2. At the time of hearing Ld. CIT, DR stated that he wants to withdraw these appeals as the same are below the monetary limit prescribed by CBDT vide its Circular No. 21/2015 dated 10.12.2015. In this connection a letter vide No. DCIT, Circle-8(2)/Kol/ITAT/2015-16/1351 dated 28.01.2016 is placed on record. Ld. Counsel for assessee has raised no objection to this prayer of the Ld. CIT, DR. Hence, we dismiss both the appeals of revenue as the same are below the monetary limit of Rs.10 lakhs prescribed by CBDT vide its Circular No. 21/2015 dated 10.12.2015. 3. In the result, both the appeals of revenue are dismissed. Order pronounced in the open court. (Waseem Ahmed) Judicial Member Dated : 29th January, 2016 Jd. Sr. P.S Copy of the order forwarded to:

1.

Appellant – DCIT, Central Circle-XX, Kolkata.

2.

Respondent – M/s. Naresh Kumar & Co. Pvt. Ltd., 9B, Wood Street, Kolkata-700 016. 3. CIT(A), Kolkata

4.

CIT , Kolkata

5.

DR, Kolkata Benches, Kolkata /, By order,

Asstt.

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