ACIT, CHENNAI V. Trademin Internatiional Pvt Ltd., CHENNAI

ITA 1256/CHNY/2013

• Counselvise Citation: [2017] 128 COUNSELVISE.COM (IT) 4199 (ITAT-CHENNAI)
• Duration Of Justice: 4 year(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-06-2017
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 07-06-2017
• Assessment Year: 2003-2004
• Appeal Filed On: 06-06-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: K RAVI
• Assessee Lawyers: S SRIDHAR
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME - TAX APPELLATE TRIBUNAL B BENCH, CHENNAI , . , BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER & SHRI DUVVURU RL REDDY , JUDICIAL MEMBER ./ I T.A. NO. 1 25 6 /MDS/201 3 / ASSESSMENT YEAR :20 0 3 - 0 4 THE ASSISTANT COMMISSIONER OF INCOME TAX, CO MPANY CIRCLE III(2 ) , WANAPARTHY BLOCK, 4 TH FLOOR , 121, MAHTMA GANDHI ROAD, NUNGAMBAKKAM, CHENNAI 600 034 . VS . M/S. TRADEMIN INTERNATIONAL PVT. LTD., NEW NO. 6, OLD NO. 18, 3 RD FLOOR, 4 TH LANE, NUNGAMBAKKAM, CHENNAI 600 0 34 . [PAN: AA B C T3765H ] ( / APPELLANT ) ( / RESPONDENT ) / APPELLANT BY : SHRI K. RAVI , J CIT / RESPONDENT BY : SHRI S. SRIDHAR, ADVOCATE / DATE OF HEARING : 0 7 . 0 6 .201 7 / DATE OF P RONOUNCEMENT : 21. 0 6 .201 7 / O R D E R PER DUVVURU RL REDDY , JUDICIAL MEMBER : THIS APPEAL FILED BY THE REV ENUE IS DIRECTED AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS) 1 , CHENNAI DATED 1 9 . 0 2 .201 3 RELEVANT TO THE ASSESSMENT YEAR 20 0 3 - 0 4 . 2. AT THE TIME OF HEARING THE LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT IN THE APPEAL FILED BY THE REVENUE IS LESS THAN THE MONETARY LIMIT OF .10,00,000/ - FIXED BY THE CBDT TO FILE AN APPEAL BY THE REVENUE BEFORE THE TRIBUNAL AS PER THE CBDT CIRCULAR NO. 21/2015, DATED I.T.A. NO . 1256 /M/ 13 2 10.12.2015. THE LD. DR FAIRLY CONCEDED THE SUBMISSIONS MADE BY THE LD. COUNSEL FOR THE ASSESSEE. BEING SO, THE REVENUE AUTHORITIES ARE PRECLUDED FROM FILING THE APPEAL BEFORE THE TRIBUNAL, SINCE THE TAX EFFECT IS LESS THAN .10,00,000/ - IN THIS APPEAL. ACCORDINGLY, THE APPEAL FILED BY THE REVENUE IS DISMISSED AS UN - ADMITTED. 3 . IN THE RESULT, THE APPEAL FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED ON THE 21 ST JUNE , 201 7 AT CHENNAI. SD/ - SD/ - (CHANDRA POOJARI) AC COUNTANT MEMBER ( DUVVURU RL REDDY ) JUDICIAL MEMBER CHENNAI, DATED, THE 21 . 0 6 .201 7 VM/ - / COPY TO: 1. / APPELLANT , 2. / RESPONDENT , 3. ( ) / CIT(A) , 4. / CIT , 5. / DR & 6. / GF.