ACIT Non Corp. Circle 2 , Coimbatore V. Tejas , Coimbatore

ITA 1681/CHNY/2017

• Counselvise Citation: [2018] 121 COUNSELVISE.COM (IT) 7995 (ITAT-CHENNAI)
• Duration Of Justice: 1 year(s) 2 month(s) 18 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-09-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2011-2012
• Appeal Filed On: 06-07-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: MRS SUMATHY VENKATARAMAN
• Assessee Lawyers: S SRIDHAR; ARJUN RAJ N
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: CHENNAI . , . . , ! BEFORE SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER AND SHRI DUVVURU R.L.REDDY, JUDICIAL MEMBER ./ ITA NO.1681/CHNY/2017 #$ $ /ASSESSMENT YEAR: 2011-12 THE ASST. COMMISSIONER OF- INCOME TAX, NON-CORPORATE CIRCLE-2, COIMBATORE. VS. M/S.TEJAS, 114, 11 TH CROSS STREET, TATABAD, GANDHIPURAM, COIMBATORE-641 012. [PAN: AA FFT 1 5 86 P ] ( ' /APPELLANT) ( ()' /RESPONDENT) DEPARTMENT BY : MRS.SUMATHY VENKATARAMAN, JCIT ASSESSEE BY : MR.ARJUN RAJ.N., CA & MR S.SRIDHAR, ADV. * /DATE OF HEARING : 19.09.2018 * /DATE OF PRONOUNCEMENT : 24.09.2018 / O R D E R PER DUVVURU R.L.REDDY, JUDICIAL MEMBER : THIS APPEAL FILED BY THE REVENUE IS DIRECTED AGAIN ST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)-2, COIMBATORE, IN ITA NO.254/14- 15 DATED 31.03.2017 FOR THE AY 2011-12. 2. THE APPEAL OF THE REVENUE IS FILED WITH 05 DAY S DELAY AND THE REASON STATED IN THE AFFIDAVIT ARE JUST, THEREFORE, WE CONDONED THE DELAY AND ADMIT THE APPEAL FOR HEARING. ITA NO.1681/CHNY/2017 :- 2 -: 3. THE COUNSELS FOR THE ASSESSEE POINTED OUT THAT T HE TAX EFFECT IN THIS CASE WAS LESS THAN RS.20.00 LAKHS. HENCE, THE APPE AL OF THE REVENUE WOULD NOT LIE BEFORE THIS TRIBUNAL BY VIRTUE OF CBD T CIRCULAR NO. 3/2018 DATED 11.07.2018. 4. LD.DR FAIRLY AGREED THAT THE TAX EFFECT WAS LESS THAN RS.20.00 LAKHS. 5. WE HAVE HEARD THE RIVAL CONTENTIONS AND PERUSED THE ORDERS OF THE AUTHORITIES BELOW. 6. THE TAX EFFECT IN THE APPEAL OF THE REVENUE BEIN G LESS THAN RS.20.00 LAKHS, IT CANNOT SURVIVE. 7. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED. ORDER PRONOUNCED ON THE 24 TH DAY OF SEPTEMBER, 2018 IN CHENNAI. SD/- SD/- ( . ) ( A. MOHAN ALANKAMONY ) 1 /ACCOUNTANT MEMBER ( . . ) ( DUVVURU R.L.REDDY ) # 1 /JUDICIAL MEMBER /CHENNAI, 2 /DATED: SEPTEMBER 24, 2018. TLN * (#34 54 /COPY TO: 1. ' /APPELLANT 4. 6 /CIT 2. ()' /RESPONDENT 5. 4 (## /DR 3. 6 ( ) /CIT(A) 6. $ /GF