ACIT, Coimbatore V. KTM Jewellery Limited, Coimbatore

ITA 1194/CHNY/2017

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 3538 (ITAT-CHENNAI)
• Duration Of Justice: 2 year(s) 9 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-03-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 22-03-2018
• Assessment Year: 2013-2014
• Appeal Filed On: 15-05-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL , A BENCH, CHENNAI . . . , , BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI RAMIT KOCHAR, ACCOUNTANT MEMBER ./ I.T.A.NOS.1193 & 1194/CHNY/2017 ( [ [ / ASSESSMENT YEARS: 2012-13 & 2013-14) & C.O. NOS.96 & 97/CHNY/2017 (IN I.T.A. NOS.1193 & 1194/CHNY/2017) THE ASSISTANT COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE -2, COIMBATORE. VS M/S. KTM JEWELLERY LIMITED, VIVAGAA BUILDING, NO.636, OPPONAKARA STREET, COIMBATORE 641 001. PAN: AA BCK7104P ( /APPELLANT) ( /RESPONDENT) / APPELLANT BY : SHRI AR.V. SREENIVASAN, JCIT / RESPONDENT BY : NONE /DATE OF HEARING : 02.03.2020 /DATE OF PRONOUNCEMENT : 02.03.2020 / O R D E R PER BENCH : WHEN BOTH THE APPEALS ARE TAKEN UP FOR HEARING, SHRI AR.V. SREENIVASAN, THE LD. DEPARTMENTAL REPRESENTATIVE SUBMITTED THAT THE TAX EFFECT INVOLVED IN THESE APPEALS IS LESS THAN THE MONETARY LIMIT FIXED BY THE CBDT FOR FILING APPEAL BEFORE THIS TRIBUNAL. THEREFORE 2 I.T.A. NOS. 1193 & 1194/CHNY/2017 & C.O. NOS.96 & 97/CHNY/2017 ACCORDING TO THE LD.DR, THESE APPEALS HAVE TO BE DISMISSED BASED ON THE CBDT CIRCULAR. 2. WE HAVE ALSO CAREFULLY GONE THROUGH THE CROSS OBJECTIONS FILED BY THE ASSESSEE. THE ASSESSEE HAS FILED THE CROSS OBJECTIONS ONLY TO SUPPORT THE ORDER OF THE CIT(A). THERE IS NO INDEPENDENT GROUND RAISED. IN VIEW OF THE ABOVE, BOTH THE APPEALS OF THE REVENUE AND THE CROSS OBJECTIONS OF THE ASSESSEE ARE DISMISSED. 3. IN THE RESULT, THE APPEALS FILED BY THE REVENUE AND THE CROSS OBJECTIONS FILED BY THE ASSESSEE STAND DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 2 ND MARCH, 2020 AT CHENNAI. SD/- SD/- ( ) (RAMIT KOCHAR) /ACCOUNTANT MEMBER ( . . . ) (N.R.S. GANESAN) /JUDICIAL MEMBER /CHENNAI, /DATED, THE 2 ND MARCH, 2020. RSR /COPY TO: 1. /APPELLANT 2. /RESPONDENT 3. ( )/CIT(A) 4. /CIT 5. /DR 6. [ /GF