Case Number: ITA 169/DEL/2019
Appellant: ACIT, circle-30(1), New Delhi
Respondent: Continental Foundation Joint Venture, New Delhi
Assessment Year: 2013-14
Result: 2013-14
Case Filed On: 2019-01-10
Order Type: Final Tribunal Order
Date of Order: 2019-08-23
Pronounced On: 2019-08-23
Case Summary:
The appeal in ITA No. 4729/DEL/2019 along with 25 other appeals by the Revenue were listed before the Income Tax Appellate Tribunal, Delhi Bench, on the grounds of not surviving for consideration per CBDT Circular No. 17/2019 dated 8th August, 2019. The circular amended the monetary limits for filing appeals by the Department before the Tribunal, and the tax effect in dispute in these appeals was below the enhanced monetary limit specified.
Despite the Revenue’s appeals being deemed withdrawn/not pressed as per the circulars, the Tribunal clarified that if the tax effect in dispute exceeds the specified limit in the future or falls under exceptions provided by CBDT circulars, the Revenue can approach the Tribunal for reevaluation. The appeals were dismissed as withdrawn/not pressed based on the applicable circulars.
For detailed case listings and further legal proceedings, refer to Annexure-1.
Conclusion:
The appeal ITA 169/DEL/2019 and related appeals by the Revenue were dismissed as withdrawn/not pressed in accordance with CBDT circulars dated 8th August, 2019 and 11th July, 2018. The decision was pronounced in open court on 23rd August, 2019, by Vice President G.S. Pannu and President Justice P.P. Bhatt.
ITA 169/DEL/2019: ACIT vs. Continental Foundation Joint Venture, New Delhi (AY 2013-14)
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