Income Tax Appellate Tribunal - Bangalore
Deputy Commissioner Of Income Tax, ... vs Shri. Laxmandas Moolchand, ... on 21 February, 2019
IN THE INCOME TAX APPELLATE TRIBUNAL
"B" BENCH : BANGALORE
BEFORE SHRI N. V. VASUDEVAN, VICE PRESIDENT AND
SHRI B. R. BASKARAN, ACCOUNTANT MEMBER
ITA No.2711/Bang/2017
Assessment year : 2011-12
The Deputy Commissioner of Vs. Shri Laxmandas Moolchand,
Income Tax, M/s. Leharasi Insurance
Circle - 2(1), Consultancy,
Davangere. Beside LIC Office, Main Road,
Hiryur, Chitradurga Dist.
PAN : ACKPM 4403 B
APPELLANT RESPONDENT
Revenue by : Shri. R. N. Siddappaji, Addl. CIT
Assessee by : None
Date of hearing : 21.02.2019
Date of Pronouncement : 21.02.2019
ORDER
Per B. R. Baskaran, Accountant Member
The Revenue has filed this appeal challenging the order dated 31.07.2017 passed by learned CIT(A), Davangere and it relates to Assessment Year 2011-12.
2. None appeared on behalf of the assessee. However, the learned DR submitted that the tax effect involved in the issues contested in the present appeal is less than 20 lakhs.
3. We heard the learned DR and perused the record. The Revenue is contesting the relief granted by learned CIT(A) in respect of additions relating to ITA No.2711/Bang/2017 Page 2 of 2 cash deposits, unsecured loans and gifts received. The AO had made an addition of 66.19 lakhs in aggregate and the learned CIT(A) has granted relief to the tune of 59.51 lakhs. The Ld D.R submitted that the tax effect involved on the relief granted is less than 20 lakhs. Hence, as per Circular No. 3/2018 dated 11th July, 2018, the Revenue is precluded from pursuing this appeal. Accordingly, we dismiss this appeal of the Revenue in limine.
4. In the result, appeal of the Revenue is dismissed.
Order pronounced in the open court on this day of 21st February, 2019.
Sd/- Sd/-
(N. V. VASUDEVAN) (B. R. BASKARAN)
Vice President Accountant Member
Bangalore.
Dated: 21st February, 2019.
/NS/*
Copy to:
1. Appellants 2. Respondent
3. CIT 4. CIT(A)
5. DR 6. Guard file
By order
Assistant Registrar,
ITAT, Bangalore.