DCIT CORPORATE CIRCLE 3 (3), CHENNAI V. M/S UNICO LEATHER PRODUCTS PRIVATE LTD, CHENNAI

ITA 1684/CHNY/2018

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 4656 (ITAT-CHENNAI)
• Duration Of Justice: 5 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-10-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2014-2015
• Appeal Filed On: 17-05-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: V NANDA KUMAR
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME-TAX APPELLATE TRIBUNAL B BENCH, CHENNAI . , . , BEFORE SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER & SHRI DUVVURU RL REDDY, JUDICIAL MEMBER ./ I.T.A.NO.1684/CHNY/2018 / ASSESSMENT YEAR: 2014-15 THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 3(2), CHENNAI 600 034. VS. M/S. UNICO LEATHER PRODUCTS PVT. LTD., NO. 52/53, COLLEGE ROAD, I FLOOR, PRINCE TOWER, CHENNAI 600 006. [PAN: AAACU0507H] ( APPELLANT ) (R ESPONDENT ) / APPELLANT BY : SHRI V. NANDA KUMAR, JCIT / RESPONDENT BY : NONE / DATE OF HEARING : 17.09.2018 /DATE OF PRONOUNCEMENT : 24.10.2018 / O R D E R PER DUVVURU RL REDDY, JUDICIAL MEMBER: THIS APPEAL FILED BY THE REVENUE IS DIRECTED AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS) 11, CHENNAI DATED 28.02.2018 RELEVANT TO THE ASSESSMENT YEAR 2014-15. 2. DESPITE SERVICE OF NOTICE [RPAD ON RECORD], NONE APPEARED ON BEHALF OF THE ASSESSEE. HENCE, WE PROCEED TO DECIDE THE ISSUE ON MERITS AFTER HEARING THE LD. DR. THE LD. DR HAS FAIRLY CONCEDED THAT THE TAX EFFECT IN THIS APPEAL IS LESS THAN THE MONETARY LIMIT OF .20,00,000/- FIXED BY THE CBDT TO I.T.A. NO. 1684/CHNY/18 2 FILE AN APPEAL BY THE REVENUE BEFORE THE TRIBUNAL AS PER THE CBDT CIRCULAR NO. 03/2018, DATED 11.07.2018. BEING SO, THE REVENUE AUTHORITIES ARE PRECLUDED FROM FILING THE APPEAL BEFORE THE TRIBUNAL, SINCE THE TAX EFFECT IS LESS THAN .20,00,000/- 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 24 TH OCTOBER, 2018 AT CHENNAI. SD/ - SD/ - (A.MOHAN ALANKAMONY) ACCOUNTANT MEMBER (DUVVURU RL REDDY) JUDICIAL MEMBER CHENNAI, DATED, 24.10.2018 VM/- /COPY TO: 1. / APPELLANT, 2. / RESPONDENT, 3. ( ) /CIT(A), 4. /CIT, 5. /DR & 6. /GF.