ACIT Corporate Circle 6(1), CHENNAI V. Shriram EPC Limited, CHENNAI

ITA 1935/CHNY/2018

• Counselvise Citation: [2019] 115 COUNSELVISE.COM (IT) 6596 (ITAT-CHENNAI)
• Duration Of Justice: 1 year(s) 4 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-10-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2005-2006
• Appeal Filed On: 14-06-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: A SUNDARAJAN
• Assessee Lawyers: R SIVARAMAN
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME-TAX APPELLATE TRIBUNAL C BENCH, CHENNAI , . , BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER & SHRI DUVVURU R.L. REDDY, JUDICIAL MEMBER ./ I.T.A.NOS.1935, 1936, 1937 & 1938/CHNY/2018 / ASSESSMENT YEARS :2005-06 TO 2008-09 THE ASSISTANT COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 6(1), AAYAKAR BHAVAN, WANAPARTHY BLOCK, 7 TH FLOOR, 121, M.G. ROAD, CHENNAI - 34. VS. M/S. SHRIRAM EPC LIMITED, NO. 18/3, SIGAPPIACHI BUILDING, RUKMANILAKSHMIPATHY ROAD, EGMORE, CHENNAI 600 008. [PAN:AAFCS1410C] ( /APPELLANT ) ( / RESPONDENT ) / APPELLANT BY : SHRI A. SUNDARAJAN, JCIT / RESPONDENT BY : SHRI R. SIVARAMAN, ADVOCATE / DATE OF HEARING : 15.10.2019 /DATE OF PRONOUNCEMENT : 17.10.2019 / O R D E R PER DUVVURU RL REDDY, JUDICIAL MEMBER: ALL THE FOUR APPEALS FILED BY THE REVENUE RELATING TO SAME ASSESSEE ARE DIRECTED AGAINST TWO DIFFERENT ORDERS OF THE LD. COMMISSIONER OF INCOME TAX (APPEALS) 15, CHENNAI DATED 26.02.2018 RELEVANT TO THE ASSESSMENT YEARS 2005-06, 2006-07, 2007-08 AND 2008-2009. 2. AT THE TIME OF HEARING THE LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT IN THESE APPEALS FILED BY THE REVENUE ARE LESS THAN THE MONETARY LIMIT OF .50,00,000/- FIXED BY THE CBDT TO FILE AN APPEAL BY THE I.T.A. NOS. 1935 TO 1938/CHNY/18 2 REVENUE BEFORE THE TRIBUNAL AS PER THE CBDT CIRCULAR NO. 17/2019, DATED 08.08.2019. THE LD. DR FAIRLY CONCEDED THE SUBMISSIONS MADE BY THE LD. COUNSEL FOR THE ASSESSEE. BEING SO, THE REVENUE AUTHORITIES ARE PRECLUDED FROM FILING THE APPEAL BEFORE THE TRIBUNAL, SINCE THE TAX EFFECT IS LESS THAN .50,00,000/- IN THESE APPEALS. ACCORDINGLY, THE APPEALS FILED BY THE REVENUE ARE DISMISSED AS UN-ADMITTED. 4. IN THE RESULT, ALL THE APPEALS FILED BY THE REVENUE ARE DISMISSED. ORDER PRONOUNCED ON THE 17 TH OCTOBER, 2019 AT CHENNAI. SD/- SD/- (INTURI RAMA RAO) ACCOUNTANT MEMBER (DUVVURU RL REDDY) JUDICIAL MEMBER CHENNAI, DATED, THE 17.10.2019 VM/- /COPY TO: 1. / APPELLANT, 2. / RESPONDENT, 3. ( ) /CIT(A), 4. /CIT, 5. /DR & 6. /GF.