sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
From the Courts »
 DCIT Circle 2(1) Gurgaon vs Kellog Brown & Roof Engineering & Construction India Pvt. Ltd. 16th Floor, Tower-A, DLF Building, Nos. 5, DLF Cyber Terraces, DLF Phase-III, Gurgaon
 Dharam Pal, Garg R Kumar & Associates, 7, Adv. Chambers, RDC, Raj Nagar, Ghaziabad vs ITO, Ward-1(2), Ghaziabad
 Satish Singhal, 6, Patpar Road, Shivpuri, New Delhi vs ITO, Ward-11(1), New Delhi
 Vodafone Mobile Services Limited vs. Commissioner Of Service Tax, Delhi
 Anupam Sushil Garg, S/o Shri Vijay Garg, C/o Venus Cinema, Railway Road, Saharanpur. vs. Income-tax Officer, Ward-2, Saharanpur.
 Oriental Building & Furnishing Co.Ltd. C/o. Ravi Gupta, Advocate E-6A, Kailash Colony New Delhi vs. DCIT Circle-13(1) New Delhi.a
 Housing Board Haryana, Panchkula, Haryana
 Broadcast Engineering Consultants India Limited, Multi Location, Multi State
 Ranjana Sen Gupta Raghavan, H-1592, Chittaranjan Park, New Delhi-110019 vs. Income Tax Officer, Ward-71(2), New Delhi
 M/s Sony India Private Limited A-31 , Mohan Cooperative Industrial Estate New Delhi -44 vs. The Deputy Commissioner of Income tax , Circle 24 (1), New Delhi
 Manik Singh S/o. Dr. Meharban Singh, A-47, Sector-31, Noida Uttar Pradesh Noida vs. DCIT Room No. 408, 4th Floor, A- 2D, Aayakar Bhawan, Sector-24 Noida

Assistant Commissioner of Income Tax, Circle- Circle-7(1), New Delhi Vs. M/s Saptgiri Commodity Pvt.Ltd., 77, Darya Ganj New Delhi.
January, 05th 2015
               IN THE INCOME TAX APPELLATE TRIBUNAL
                                `G' : NEW DELHI
                    DELHI BENCH `G'

           BEFORE SHRI I.C. SUDHIR, JUDICIAL MEMBER AND
              SHRI B.C. MEENA, ACCOUNTANT MEMBER

                             No.4372/Del/2013
                         ITA No.
                                         2006-
                                           06-07
                       Assessment Year : 2006


Assistant Commissioner of      Vs.    M/s Saptgiri Commodity Pvt.Ltd.,
Income Tax,                           77, Darya Ganj,
Circle-
Circle-7(1),                          New Delhi.
      Delhi.
New Delhi.                            PAN : AAICS8092H.
     (Appellant)                          (Respondent)

                                    No.04/Del/2014
                    Cross Objection No.0
                                         2006-07
                      Assessment Year : 2006-


M/s Saptgiri Commodity         Vs.    Assistant Commissioner of Income
Pvt.Ltd.,                             Tax,
77, Darya Ganj,                       Circle-
                                      Circle-7(1),
New Delhi.                            New Delhi.
PAN : AAICS8092H.
     (Appellant)                          (Respondent)

            Revenue by          :    Shri B.R.R. Kumar, Sr.DR.
            Assessee by         :    Shri J.S. Kochar, CA and
                                     Shri U.S. Kochar, Advocate.

                                ORDER

PER B.C. MEENA, AM :
      The appeal by the Revenue emanates from the order of learned
CIT(A)-X, New Delhi dated 3rd May, 2013 for the AY 2006-07.







2.    At the outset, the learned counsel for the assessee contends that
as per Central Board of Direct Taxes, Instruction No.3/2011 dated 09th
February, 2011, the revised limit for preferring revenue's appeals is `3
lacs. That the tax effect in the present revenue's appeal is below the
prescribed limit of `3 lacs. In view thereof, the revenue's appeal may
be dismissed as the tax effect being below the prescribed limit.
                                   2                        ITA-4372/Del/2013 &
                                                                 C.O. 4/Del/2014



3.    The learned Departmental Representative agrees to the said
position.


4.    We have heard both sides. The CBDT, vide above instruction has
clearly laid down that the revenue should not prefer appeals against
assessees before ITAT if the tax effect involved in the appeal,
excluding interest, is less than `3 lacs. The tax payable in the present
appeal being below `3 lacs, the revenue's appeal is dismissed as not
maintainable in view of CBDT Instruction.


5.    As we have dismissed the Revenue's appeal, the cross-objection
filed by the assessee has become infructuous and is accordingly
dismissed.







6.    In the result, the appeal of the Revenue and the cross-objection
of the assessee both are dismissed.
      Decision pronounced in the open Court on conclusion of hearing
on 1st January, 2015.


                 Sd/-                                Sd/-
                    SUDHIR)
              (I.C. SUDHIR)                           MEENA)
                                                (B.C. MEENA)
            JUDICIAL MEMBER                 ACCOUNTANT MEMBER

Dated : 01.01.2015
VK.

Copy forwarded to: -

1.    Appellant  : Assistant Commissioner of Income Tax,
                   Circle-7(1), New Delhi.
                   Circle
2.    Respondent : M/s Saptgiri Commodity Pvt.Ltd.,
                   77, Darya Ganj, New Delhi.
3.    CIT
4.    CIT(A)
5.    DR, ITAT

                              Assistant Registrar

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions