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 »
 ITO Coy. Ward – 11(3) Room No. 420D C. R. Building New Delhi vs. Hi Life Exports (P) Ltd. Ward – 191, A, Ekta Marg, Western Avenue, Sainik Farms, New Delhi -110062
 Sh. Pradip Kumar Khator 1080, First Floor, Sector-46, Gurgaon, Haryana. vs ITO Ward 3(3), Gurgaon
 Sh. Jai Prakash 261, Block E-19, Sector-3, Rohini, New Delhi. vs ITO Ward 39(5), New Delhi.
 Vikram Krishnan vs. Principal Commissioner Of Income Tax
 ITO vs. Synergy Finlease Pvt. Ltd (ITAT Delhi)
 Sir Mohd. Yusuf Trust vs. ACIT (ITAT Mumbai)
 NuPower Renewables Pvt. Ltd vs. ACIT (Bombay High Court)
 CIT vs. Gopal Shri Scrips Pvt. Ltd (Supreme Court)
 ITO, Ward-271(1),Civic Centre, Minto Road, New Delhi vs. M/s. B2B Management, 5/47, Shyam Singh Street, Gopi Nath, New Delhi
 Shri Opinder Singh Virk Pravesh Kumar Sharma, R/o 493- L, Model Town, Karnal. vs. Income-tax Officer, Ward-2, Karnal.
 SplendorLandbase Ltd., Splendor Forum, 502-511 Plot No 3, Jasola District Centre,New Delhi vs. ACIT, Circle-3, New Delhi.

ITO Coy. Ward 11(3) Room No. 420D C. R. Building New Delhi vs. Hi Life Exports (P) Ltd. Ward 191, A, Ekta Marg, Western Avenue, Sainik Farms, New Delhi -110062
March, 19th 2019
                  (DELHI BENCH: `F', NEW DELHI)

                      ITA No:-3060/Del/2016
                    (Assessment Year: 2007-08)
ITO                                 Hi Life Exports (P) Ltd.
Coy. Ward ­ 11(3)               Vs. Ward ­ 191, A, Ekta Marg,
Room No. 420D                       Western      Avenue,     Sainik
C. R. Building                      Farms, New Delhi -110062
New Delhi                           PAN No. AAACH7962
APPELLANT                           RESPONDENT

             Revenue by            : Sh. Surender Pal, Sr DR
             Assessee by           : Sh. Sameer Malhotra, Advocate

             Date of Hearing       :                   18.03.2019
             Date of Pronouncement :                   18.03.2019


      This appeal by the Revenue is preferred against the order of the Commissioner

of Income Tax [Appeals]-4, New Delhi, dated 08.03.2016 for Assessment Year 2007-08.

2.    This appeal by the Revenue has to be dismissed in the light of the CBDT Circular

No.3/2018 dated 11.07.2018 by which Board has revised the monetary limit for filing of

appeals by the department before the ITAT and the monetary limit has been fixed at

Rs.20 lakhs. The Board at Clause 13 of the said Circular has clarified as under :-
                                                                      ITA No.-3060/Del/2016

      "This Circular will apply to SLPs/ appeals/ cross objections/ references to be filed

      henceforth in Supreme Court/ High Court/ Tribunal and it shall also apply

      retrospectively to pending SLPs/appeals/cross objections/references. The pending

      appeals below the specified tax limit in para 3 above may be withdrawn/ not

      pressed." However, it is observed that in case on re-verification at the end of the

      Assessing Officer it can be demonstrated that the tax effect is more, or Revenue's

      case falls within the ambit of exceptions provided in the Circular, then the

      Department will be at liberty to approach the Tribunal for recall of this order

      relatable to such cases. Such application should be filed within the time period

      prescribed in the Act.

3.    In the light of the aforesaid CBDT Circular, the appeal filed by the Revenue is


4.      In the result, appeal of the Revenue is dismissed.

                Order pronounced in the open court on 18.03.2019.

     Sd/-                                                  Sd/-
  (H. S. SIDHU)                                        (N.K.BILLAIYA)
JUDICIAL MEMBER                                      ACCOUNTANT MEMBER
Dated: 18.03.2019
Copy forwarded to:
    1. Appellant
    2. Respondent
    3. CIT
    4. CIT(Appeals)
    5. DR: ITAT

                                                                   ASSISTANT REGISTRAR
                                                                      ITAT NEW DELHI
                                                           ITA No.-3060/Del/2016

Date of dictation                                    18.03.2019

Date on which the typed draft is placed before the   18.03.2019
dictating Member
Date on which the typed draft is placed before the   18.03.2019
Other Member

Date on which the approved draft comes to the Sr.    18.03.2019

Date on which the fair order is placed before the    18.03.2019
Dictating Member for pronouncement

Date on which the fair order comes back to the Sr.   18.03.2019
Date on which the final order is uploaded on the     18.03.2019
website of ITAT

Date on which the file goes to the Bench Clerk       18.03.2019

Date on which the file goes to the Head Clerk

The date on which the file goes to the Assistant
Registrar for signature on the order

Date of dispatch of the Order
Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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