DCIT, Madurai V. Subburaj Textile Mills pvt Ltd., Tirunelveli

ITA 1716/CHNY/2016

• Counselvise Citation: [2016] 131 COUNSELVISE.COM (IT) 7901 (ITAT-CHENNAI)
• Duration Of Justice: 6 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-12-2016
• Appeal Filed By: Department
• Bench Allotted: C
• Next Hearing Date: 15-12-2016
• Assessment Year: 2012-2013
• Appeal Filed On: 07-06-2016
• Court: TRIBUNAL
• Department Lawyers: A V SREEKANTA
• Assessee Lawyers: V SRIKRISHNAN
• Keywords: Tax effect
• Section: 143(3)

Judgement Text

, ' ' , IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH, CHENNAI . , . , $ % BEFORE SHRI ABRAHAM P. GEORGE, ACCOUNTANT MEMBER AND SHRI G. PAVAN KUMAR, JUDICIAL MEMBER ' ( / APPELLANT BY : SHRI A V SREEKANTA, JCIT +,' ( / RESPONDENT BY : SHRI V SRI KRISHNAN, CA ( /DATE OF HEARING : 15.12.2016 ( /DATE OF PRONOUNCEMENT : 16.12.2016 /O R D E R PER BENCH: THE APPEAL FILED BY THE REVENUE IS DIRECTED AGAIN ST ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS) -1, CHENNAI, I N ITA NO. 0031/2015-16, DATED ./ I.T.A. NO. 1716/MDS/2016 / ASSESSMENT YEAR : 2012-13 THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE - 2, MADURAI. VS. M/S. SUBBURAJ TEXTILE MILLS PVT LTD., MADURAI ROAD, SANKAR NAGAR, TRIUNELVELI - 637 357. [PAN: AAECS 2563F] ( / APPELLANT) ( /RESPONDENT) :-2-: I.T.A. NO. 1716/MDS/2016 09.03.2016 FOR THE ASSESSMENT YEAR 2012-13 PASSED U /S. 143(3) AND 250 OF THE INCOME TAX ACT, 1961 (HEREIN AFTER REFERRED TO AS ' THE ACT'). 2. AT THE TIME OF HEARING, BOTH THE PARTIES FAIRLY CONCEDED THAT TAX EFFECT IN THIS APPEAL IS LESS THAN MONETARY LIMIT OF RS. 10,0 0,000/- FIXED BY THE CBDT TO FILE AN APPEAL BY THE REVENUE BEFORE THE TRIBUNAL AS PER TH E CBDT CIRCULAR NO. 21/2015, DATE 10TH DECEMBER, 2015 AND THE REVENUE AUTHORITIE S ARE PRECLUDED FROM FILING AND PROSECUTING THE APPEAL BEFORE THE TRIBUNAL. AC CORDINGLY, REVENUE APPEAL IS DISMISSED AS UN-ADMITTED 3. IN THE RESULT, THE APPEAL OF THE REVENUE IS DISM ISSED. ORDER PRONOUNCED ON FRIDAY, THE 16TH DAY OF DECEMBE R, 2016 AT CHENNAI. SD/ - ( . ) (ABRAHAM P. GEORGE) ! / ACCOUNTANT MEMBER SD/ - ( . ) (G. PAVAN KUMAR) $ ! /JUDICIAL MEMBER /CHENNAI, 2 /DATED: 16TH DECEMBER, 2016 JPV ( +$45 65 /COPY TO: 1. ' /APPELLANT 2. +,' /RESPONDENT 3. 7 ( )/CIT(A) 4. 7 /CIT 5. 5 +$$ /DR 6. /GF.