ACIT, CHENNAI V. M/s. Brakes India Ltd., CHENNAI

ITA 1719/CHNY/2008

• Counselvise Citation: [2019] 115 COUNSELVISE.COM (IT) 6662 (ITAT-CHENNAI)
• Duration Of Justice: 11 year(s) 2 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-10-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 1995-1996
• Appeal Filed On: 14-08-2008
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: R ANITHAJCITD R
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH: CHENNAI , , ( BEFORE SHRI GEORGE MATHAN , JUDICIAL MEMBER AND SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER ITA NOS.1719,1720,1721,1722 & 1723 / CHNY /20 08 ASSESSMENT YEARS: 1995-96,1996-97,1997-98,1998-99 & 2004-05 THE ASSISTANT COMMISSIONER OF INCOME TAX , LARGE TAXPAYER UNIT, CHENNAI-600 101 VS. M/S.BRAKES INDIA LTD, PADI, CHENNAI 600 050. [ PAN AAACB 2533 Q ] ( ) /APPELLANT) ( *+) /RESPONDENT) ) , / APPELLANT BY : MS.R.ANITHA,JCIT,D.R *+) , /RESPONDENT BY : MR.SAROJKUMAR PARIDA, ADVOCATE , /DATE OF HEARING : 15.10.2019 , /DATE OF PRONOUNCEMENT : 15.10.2019 / O R D E R PER GEORGE MATHAN, JUDICIAL MEMBER : ALL THESE APPEALS ARE FILED BY THE ASSISTANT COMMI SSIONER OF INCOME TAX, LARGE TAX PAYER UNIT, CHENNAI, THESE AP PEALS CALL INTO QUESTION CORRECTNESS OF THE RELIEF GRANTED TO THE T AXPAYERS BY THE COMMISSIONERS OF INCOME TAX (APPEALS) AND, MOST IMP ORTANTLY, THE TAX EFFECT INVOLVED IN ALL THESE APPEALS DOES NOT EXCEE D RS.50,00,000/- IN EACH OF THESE APPEALS. ITA NOS.1719 TO 1723 /CHNY/2008 TAX EFFECT