Assistant Commissioner of Income-tax, Circle - 3, Aurangabad vs M/s. Varroc Polymers Pvt.Ltd, Aurangabad

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “B”, PUNE BEFORE SHRI R.S.

SYAL, VICE PRESIDENT AND SHRI S.S.

VISWANETHRA RAVI, JUDICIAL MEMBER आयकर अपील सं. / ITA No.2194/PUN/2017 िनधारण वष / Assessment Year : 2011-12 ACIT, Circle-3, Aurangabad Vs.

M/s.

Varroc Polymers Pvt.

Ltd., Gut No.99, Village Pharola, Ta.

Paithan, Dist.

Aurangabad PAN : AABCM2508F (Appellant) (Respondent) आदेश / ORDER PER R.S.SYAL, VP : This appeal by the Revenue is directed against the order dated 05.07.2017 passed by the Commissioner of Income-tax (Appeals)-2, Aurangabad in relation to the assessment year 2011-12.

2.

It has been fairly admitted by the ld.

DR that the tax effect in this appeal is less than Rs.50.00 lakh.

3.

Recently, the CBDT has issued circular No.17/2019 dated 08-08-2019 revising upward the monetary limits for filing of Appellant by Shri Abhishek Meshran Respondent by Shri Kishor Phadke Date of hearing 20-09-2019 Date of pronouncement 20-09-2019 ITA No.2194/PUN/2017 M/s.

Ltd., 2 appeals by the Department in Income-tax Cases before various appellate forums.

The earlier circular No.03/2018 dated 11-07-2018 fixed monetary limit for filing of appeals by the Revenue before the Tribunal at Rs.20.00 lakh.

Such limit has now been enhanced in the recent Circular dated 08-08-2019 to Rs.50.00 lakh.

Since tax effect in the instant appeal is less than the revised monetary limit of Rs.50.00 lakh, we are not inclined to entertain this appeal.

4.

At this juncture, it is pertinent to note that the CBDT vide F.No.279/Misc/M-13/2018-ITJ dated 20-08-2019 has clarified that the revised monetary limits so mentioned in Circular No.17/2019 are applicable to all pending appeals.

Not only that, it has further been directed to the competent authorities to withdraw all such appeals on or before 31-10-2019.

5.

In view of the foregoing discussion, we dismiss the appeal filed by the Revenue.

6.

In the result, the appeal is dismissed. dismissed.

Order pronounced in the Open Court on 20th September, 2019.

Sd/- Sd/- (S.S.

VISWANETHRA RAVI) (R.S.SYAL) JUDICIAL MEMBER VICE PRESIDENT पुणे Pune;
दनांक Dated : 20th September, 2019 सतीश ITA No.2194/PUN/2017 M/s.

Ltd., 3 आदेश आदेश आदेश आदेश क क क क ितिलिप ितिलिप ितिलिप ितिलिप अ ेिषत अ ेिषत अ ेिषत अ ेिषत/Copy of the Order is forwarded to: 1. अपीलाथ / The Appellant; 2.  यथ / The Respondent; 3.

The CIT(A)-2, Aurangabad 4.

The Pr.

CIT(A)-2, Aurangabad िवभागीय ितिनिध, आयकर अपीलीय अिधकरण, पुणे “B” / DR ‘B’, ITAT, Pune; गाड फाईल / Guard file. आदेशानुसार आदेशानुसार/ BY ORDER, // True Copy // Senior Private Secretary आयकर अपीलीय अिधकरण ,पुणे / ITAT, Pune Date 1.

Draft dictated on 20-09-2019 Sr.PS 2.

Draft placed before author 20-09-2019 Sr.PS 3.

Draft proposed & placed before the second member JM 4.

Draft discussed/approved by Second Member.

JM 5.

Approved Draft comes to the Sr.PS/PS Sr.PS 6.

Kept for pronouncement on Sr.PS 7.

Date of uploading order Sr.PS 8.

File sent to the Bench Clerk Sr.PS 9.

Date on which file goes to the Head Clerk 10.

Date on which file goes to the A.R.

11.

Date of dispatch of Order. *