ITO CORPORATE WARD 4 (3), CHENNAI V. M/S KAIZEN COLD FORMED STEEL PRIVATE LIMITED, CHENNAI

ITA 1580/CHNY/2018

• Counselvise Citation: [2018] 112 COUNSELVISE.COM (IT) 5399 (ITAT-CHENNAI)
• Duration Of Justice: 5 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-10-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2013-2014
• Appeal Filed On: 10-05-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: D ROHINI
• Assessee Lawyers: PRASHANTH KIRAN
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, CHENNAI . . . , , ' BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBER / .I.T.A. NO. 1580/CHNY/2018 /ASSESSMENT YEAR : 2013-14 INCOME TAX OFFICER, CORPORATE WARD 4(3), CHENNAI 600 034. VS. M/S. KAIZEN COLD FORMED STEEL PVT. LTD., NO. 14-A, ENNORE HIGH ROAD, TIRUVOTTIYUR, CHENNAI 19. [PAN: AADCK 7625B] ( /APPELLANT) ( /RESPONDENT) REVENUE BY : MS. D. ROHINI, JCIT ASSESSEE BY : SHRI. PRASHANTH KIRAN, ADVOCATE $ /DATE OF HEARING : 01.10.2018 $ /DATE OF PRONOUNCEMENT : 29.10.2018 / O R D E R PER S. JAYARAMAN, ACCOUNTANT MEMBER: THE REVENUE FILED THIS APPEAL AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)-8, CHENNAI IN ITA NO 94/16-17 DATED 01.03.2018 FOR ASSESSMENT YEAR 2013-14. :- 2 -: ITA NO. 1580/CHNY/2018 2. ON HEARING THE LD. DR, WE FIND THAT THE TAX EFFE CT IN THIS CASE IS LESS THAN RS. 20 LAKHS. THE CBDT IN ITS CIRCULAR NO. 3/ 2018 DATED 11.07.2018 INSTRUCTED ITS OFFICERS TO WITHDRAW ALL THE APPEALS PENDING BEFORE THE ITAT WHERE THE TAX EFFECT IS LESS THAN RS. 20 LAKHS. TH IS TRIBUNAL IS OF THE CONSIDERED OPINION THAT THIS CIRCULAR OF CBDT IS BI NDING ON THE OFFICERS OF THE DEPARTMENT. THEREFORE, THE REVENUE CANNOT PROCEED FURTHER IN THIS APPEAL. ACCORDINGLY, THIS APPEAL STANDS DISMISSED. 3. IN THE RESULT, THE REVENUES APPEAL IS DISMISSED . ORDER PRONOUNCED ON MONDAY, THE 29 TH DAY OF OCTOBER, 2018 AT CHENNAI. SD/- ( . . . ) (N.R.S. GANESAN) /JUDICIAL MEMBER SD/- ( ) (S. JAYARAMAN) /ACCOUNTANT MEMBER /CHENNAI, ) /DATED: 29 TH OCTOBER , 2018 JPV $*+,-, /COPY TO: 1. / /APPELLANT 2. *0/ /RESPONDENT 3. 1 ) ( /CIT(A) 4. 1 /CIT 5. ,* /DR 6. 4 /GF