ITO, WARD-1(2)(2), VADODARA, VADODARA vs. RAJ CONCRETE, NEAR IOC
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Income Tax Appellate Tribunal, “B” BENCH, AHMEDABAD
Before: SHRI WASEEM AHMED&
IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, AHMEDABAD BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER & Ms. MADHUMITA ROY, JUDICIAL MEMBER आयकर अपील सं./I.T.A. No. 876/Ahd/2023 (�नधा�रण वष� / Assessment Year : 2015-16) ITO Raj Concrete बनाम/ Ward -1(2)(2), Vadodara 466, Block/Survey, At Post Vs. Duimad, Nr. IOC, Vadodara, Gujarat 391740 �थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAQFR5792Q .. (अपीलाथ� /Appellant) (��यथ� / Respondent) Shri Ramesh Kumar, Sr. DR अपीलाथ� ओर से /Appellant by : ��यथ� क� ओर से/Respondent by : Shri Hardik Vora, A.R.
सुनवाई क� तार�ख / Date of 22/02/2024 Hearing घोषणा क� तार�ख /Date of 23/02/2024 Pronouncement O R D E R PER Ms. MADHUMITA ROY - JM: The instant appeal filed at the behest of the Revenue is directed against the order dated 04.09.2023 passed by the National Faceless Appeal Centre (NFAC), Delhi, arising out of the assessment order passed by the ITO, Ward-1(2)(2), Vadodara
ITA No. 876/Ahd/2023 (ITO vs. Raj Concrete) A.Y.– 2015-16 - 2 - under Section 143(3) of the Income Tax Act, 1961, (hereinafter referred to as ‘the Act’) for Assessment Year 2015-16.
At the time of hearing of the instant appeal, Ld. Counsel appearing for the assessee submitted before us that the tax effect of the matter is Rs.1,35,00,000/- and therefore, the appeal filed by the Revenue is hit by recently issued CBDT Circular No.17 of 2019 dated 08/08/2019 revising the previous thresholds pertaining to tax effects. As per aforesaid Circular, all pending appeals filed by Revenue are liable to be dismissed as a measure for reducing litigation where the tax effect does not exceed the prescribed monetary limit which is now revised at Rs.50 Lakhs. In the instant case, the tax effect on the disputed issues raised by the Revenue is stated to be not exceeding Rs.50 lakhs and therefore appeal of the Revenue is required to be dismissed in limine.
The Learned DR for the Revenue fairly admitted the applicability of the CBDT Circular No. 17 of 2019. Accordingly, appeal of the Revenue is dismissed as not maintainable. However, it will be open to the Revenue to seek restoration of its appeal on
ITA No. 876/Ahd/2023 (ITO vs. Raj Concrete) A.Y.– 2015-16 - 3 - showing inapplicability of the aforesaid CBDT Circular in any manner.
In the result, the appeal of the Revenue is dismissed.
This Order pronounced on 23/02/2024
Sd/- Sd/- (WASEEM AHMED) (MADHUMITA ROY) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad; Dated 23/02/2024 S. K. SINHA True Copy आदेश क� ��त�ल�प अ�े�षत/Copy of the Order forwarded to : 1. अपीलाथ� / The Appellant 2. ��यथ� / The Respondent. 3. संबं�धत आयकर आयु�त / Concerned CIT 4. आयकर आयु�त(अपील) / The CIT(A)- 5. �वभागीय ��त�न�ध, आयकर अपील�य अ�धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड� फाईल / Guard file. आदेशानुसार/ BY ORDER,
उप/सहायक पंजीकार (Dy./Asstt. Registrar) आयकर अपील�य अ�धकरण, अहमदाबाद / ITAT, Ahmedabad
