ITO, Ward-6(2), Kolkata v. Intelligent Money Managers Pvt. Ltd
[Citation -2019-LL-0828-108]

Citation 2019-LL-0828-108
Appellant Name ITO, Ward-6(2), Kolkata
Respondent Name Intelligent Money Managers Pvt. Ltd.
Court ITAT-Kolkata
Relevant Act Income-tax
Date of Order 28/08/2019
Assessment Year 2014-15
Judgment View Judgment
Keyword Tags monetary limit • tax effect


IN INCOME TAX APPELLATE TRIBUNAL B BENCH: KOLKATA Before: Shri J. Sudhakar Reddy, Accountant Member and Shri S.S. Viswanethra Ravi, Judicial Member I.T.A No.2545/Kol/2017 (Assessment Year: 2014-15) ITO, Ward-6(2), Kolkata Appellant Vs Intelligent Money Managers Pvt. Ltd. Respondent [PAN:AACCI5042B] For Appellant : Amitava Bhattacharya, Addl. CIT For Respondent : S.K. Pransukha, AR Date of hearing : 20.08.2019 Date of pronouncement : 28.08.2019 ORDER Per S.S. Viswanethra Ravi, JM In above appeal, undisputed fact is that tax effect is below monetary limit of Rs.50,00,000/- fixed by CBDT vide Circular No.17/2019, F. No. 279/Misc. 142/2007-ITJ(Pt.), dt. 8th August, 2019. Applying proposition of law laid down by Ahmedabad Bench of ITAT in case of ITO, Ward-3(2), Ahmedabad vs. Dinesh Madhavlal Patel & Ors in ITA No.1398/Ahd/2004 order dated 14.08.2019, this appeal is dismissed as withdrawn in terms of Circular issued by CBDT mentioned hereinabove. In result, appeal of revenue is dismissed. Order Pronounced in Open Court on 28.08.2019. Sd/- Sd/- [J. Sudhakar Reddy] [S.S. Viswanethra Ravi] ACCOUNTANT MEMBER JUDICIAL MEMBER Dated: 28/08/2019 RS, Sr.PS 2 I.T.A No.2545/Kol/2017 Intelligent Money Managers Pvt. Ltd. Copy of order forwarded to: 1. ITO, Ward-6(2), Kolkata 2. Intelligent Money Managers Pvt. Ltd., 25, Jawaharlal Nehru Road, 2nd Floor, YMCA Buildings, Kolkata-700087. 3. CIT(A) 4. CIT 5. DR True Copy, By order, Assistant Registrar ITAT, Kolkata ITO, Ward-6(2), Kolkata v. Intelligent Money Managers Pvt. Ltd
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