Income Tax Appellate Tribunal - Chandigarh
Dcit, Chandigarh vs M/S Parul Chemicals Ltd., Chandigarh on 31 October, 2018
आयकर अपील य अ धकरण,च डीगढ़ यायपीठ 'ए', च डीगढ़
IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH
'A' CHANDIGARH
ीमती दवा संह, या"यक सद#य एवं, एवं ीमती अ नपूणा& ग(ु ता, लेखा सद#य
BEFORE: SMT. DIVA SINGH, JM & SMT.ANNAPURNA GUPTA, AM
आयकर अपील सं./ ITA No. 259/CHD/2015
नधा रण वष / Assessment Year : 2010-11
The DCIT, बनाम M/s Parul Chemicals Ltd.,
Circle 4(1), B-Tower, 8th Floor, Alkapuri Arkade,
VS
Chandigarh. RC Dutt Road,Vadodara
(Now merged with M/s Punjab
Chemicals & Corpn., Chandigarh.
थायी लेखा सं./PAN No: AABCP2713P
अपीलाथ /Appellant यथ /Respondent
राज व क ओर से/ Revenue by : Shri Manjit Singh, Sr.DR
नधा "रती क ओर से/Assessee by : Shri Anil Khanna, CA
सन
ु वाई क तार&ख/Date of Hearing : 03.10.2018
उदघोषणा क तार&ख/Date of Pronouncement : 31.10.2018
आदे श/ORDER
PER DIVA SINGH The present appeal has been filed by the Revenue assailing the correctness of the order dated 17.12.2014 of ld. CIT(Appeals)-2 Vadodara pertaining to 2010-11 assessment year.
2. It was a common stand of the parties before the Bench that the departmental appeal is below the tax effect as laid down by the CBDT vide Circular No.3/2018 dated 11.07.2018. It was submitted that the assessee M/s Parul Chemicals Ltd. merged with Punjab Chemicals Corp. Protection Ltd. which fact has been noticed in the impugned order.
3. We have heard the rival submissions and perused the material on record. In the light of the submissions advanced by the parties before the Bench. In view of the low tax effect in terms of the aforesaid circular of the CBDT by ITA-259/CHD/2015 Page 2 of 2 which the Tax Authorities are bound, the appeal of the Revenue, accordingly, is dismissed as not pressed.
4. In the result the appeal of the Revenue is dismissed.
Order pronounced in the Open Court on 31.10. 2018.
Sd/- Sd/-
( अ नपण
ू ा& ग(ु ता ) ( दवा संह )
(ANNAPURNA GUPTA) (DIVA SINGH)
लेखा सद#य/ Accountant Member या"यक सद#य/ Judicial Member
"पन
ू म"
आदे श क त,ल-प अ.े-षत/ Copy of the order forwarded to :
1. अपीलाथ / The Appellant -
2. यथ / The Respondent -
3. आयकर आय/ ु त/ CIT
4. आयकर आय/ ु त (अपील)/ The CIT(A)
5. -वभागीय त न4ध, आयकर अपील&य आ4धकरण, च7डीगढ़/ DR, ITAT, CHANDIGARH
6. गाड फाईल/ Guard File आदे शानस ु ार/ By order, सहायक पंजीकार/ Assistant Registrar