ACIT, CHENNAI V. TVS E-Servicetec Limited, CHENNAI

ITA 1111/CHNY/2015

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 8144 (ITAT-CHENNAI)
• Duration Of Justice: 8 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-02-2016
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 02-02-2016
• Assessment Year: 2010-2011
• Appeal Filed On: 11-05-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: P RADHAKRISHNAN
• Assessee Lawyers: R VIJAYARAGHAVAN
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, CHENNAI , ! . ! ' # , $ #% BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SHRI G. PAVAN KUMAR, JUDICIAL MEMBER ./ I.T.A. NO. 1111/MDS/2015 $ & !'& / ASSESSMENT YEAR : 2010-2011 THE ASSISTANT COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 3(1) CHENNAI 600 034. VS. M/S. TVS E-SERVICETEC LIMITED, JAYALAKSHMI ESTATE NO.29, HADDOWS ROAD, CHENNAI 600 006. [PAN AACCT 2970F] ( / APPELLANT) ( /RESPONDENT) () * + / APPELLANT BY : SHRI. P. RADHAKRISHNAN, JCIT ,-() * + /RESPONDENT BY : SHRI. R. VIJAYARAGHAVAN, ADVOCATE ' ! * . / DATE OF HEARING : 02-02-2016 /0' * . / DATE OF PRONOUNCEMENT : 05-02-2016 / O R D E R PER G. PAVAN KUMAR, JUDICIAL MEMBER : THE APPEAL FILED BY THE REVENUE IS DIRECTED AG AINST ORDER OF THE COMMISSIONER OF INCOME-TAX (APPEALS)-11, CHE NNAI IN ITA NO.1929/2013-14, DATED 30.12.2014 FOR THE ASSESSMEN T YEAR 2010- ITA NO.1111/MDS/2015. :- 2 -: 2011 PASSED U/S.143(3) OF THE INCOME TAX ACT, 1961 (HEREIN AFTER REFERRED TO AS THE ACT). 2. AT THE TIME OF HEARING, BOTH THE PARTIES FAIRLY CO NCEDED THAT TAX EFFECT IN THIS APPEAL IS LESS THAN MONETARY LI MIT OF : 10,00,000/- FIXED BY THE CBDT TO FILE AN APPEAL BY THE REVENU E BEFORE THE TRIBUNAL AS PER THE CBDT CIRCULAR NO.21/2015, DATED 10 TH DECEMBER, 2015. BEING SO, THE REVENUE AUTHORITIES ARE PRECLU DED FROM FILING THE APPEAL BEFORE THE TRIBUNAL, SINCE THE TAX EFFECT IS LESS THAN :10,00,000/- IN THIS APPEAL. ACCORDINGLY, REVENUE APPEAL IS DISMISSED AS UN-ADMITTED 3. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISMIS SED . ORDER PRONOUNCED ON FRIDAY, THE 5TH DAY OF FEBRU ARY, 2016, AT CHENNAI. SD/- SD/- ( ) (CHANDRA POOJARI) / ACCOUNTANT MEMBER ( . ! ' # ) (G. PAVAN KUMAR) /JUDICIAL MEMBER / CHENNAI 1 / DATED:05.02.2016 KV 2 * ,$.34 54'. / COPY TO: 1 . () / APPELLANT 3. ' 6. () / CIT(A) 5. 4!9: ,$.$ / DR 2. ,-() / RESPONDENT 4. ' 6. / CIT 6. :;& < / GF