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Income Tax Appellate Tribunal, PANAJI BENCH : PANAJI
Before: SHRI SATBEER SINGH GODARA & SHRI G.D. PADMAHSHALI
IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH : PANAJI (THROUGH VIRTUAL HEARING) BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND SHRI G.D. PADMAHSHALI, ACCOUNTANT MEMBER ITA.No.179/PAN./2019 Assessment Year 2009-2010 Rajaram Bandekar The Asst. CIT, Circle-2(1) (Shrigao) Mines Pvt Ltd., Aayakar Bhawan, 601, 6th Floor, Dr. Ozler EDC Complex, Patto, vs. Forum, St. Andrew Panaji. Goa. Church, Vasco Da Gama, PIN – 403 001 Goa – 403 802 PAN AAACR9460L (Appellant) (Respondent) For Revenue : Shri N. Shrikanth For Assessee : Shri P.K. Bansal Date of Hearing : 13.07.2023 Date of Pronouncement : 26.07.2023 ORDER PER SATBEER SINGH GODARA, J.M. :
This Revenue’s appeal for assessment year 2009- 2010, arise against the CIT(A) Panaji-1, Panaji's order dated 26.02.2019, in case no.CIT(A), PNJ-1/10275/2012-13, in proceedings u/sec.143(3) of the Income Tax Act, 1961 (in short "the Act").
Heard both the parties. Case file perused.
Both the learned representatives fairly stated during the course of hearing that the Revenue’s instant appeal ITA.No.179/PAN./2019 involves tax effect of Rs.23,55,962/-;
2 ITA.No.179/PAN./2019 as per column no.10 in Form No.36 before us and therefore, the same is lower than the prescribed minimum tax effect of Rs.50 lakhs as per the CBDT’s circular no.17/2019 dated 08.08.2019 made applicable to all pending appeals; with retrospective effect. Faced with the situation, we dismiss the Revenue’s instant appeal in very terms. Ordered accordingly.
This Revenue’s appeal is dismissed in above terms.
Order pronounced in the open court on 26.07.2023.