ACIT Corporate Circle 3(1), CHENNAI V. TTK Protective Devices Ltd., CHENNAI

ITA 2044/CHNY/2017

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 5311 (ITAT-CHENNAI)
• Duration Of Justice: 4 year(s) 7 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-04-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2014-2015
• Appeal Filed On: 22-08-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

आयकर अपीलीय अिधकरण, ’डी’ Ɋायपीठ, चेɄई IN THE INCOME-TAX APPELLATE TRIBUNAL ‘D’ BENCH, CHENNAI ŵी वी दुगाŊ राव Ɋाियक सद˟ एवं ŵी जी. मंजुनाथा, लेखा सद˟ के समƗ Before Shri V. Durga Rao, Judicial Member & Shri G. Manjunatha, Accountant Member आयकर अपील सं./I.T.A. Nos.2043 & 2044/Chny/2017 िनधाŊरण वषŊ/Assessment Years: 2013-14 & 2014-15 The Assistant Commissioner of Income Tax, Corporate Circle 3(1), New Block, 4 th Floor, 121, M.G. Road, Nungambakkam, Chennai 600 034. Vs. M/s. TTK Protective Devices Ltd. [Formerly known as TTK LIG Ltd.] No. 6, Cathedral Road, Chennai 600 086. [PAN:AABCT1184G] (अपीलाथŎ/Appellant) (ŮȑथŎ/Respondent) अपीलाथŎ की ओर से / Appellant by : Shri G. Johnson, Addl. CIT ŮȑथŎ की ओर से/Respondent by : Shri Vikram Vijayaraghavan, Advocate सुनवाई की तारीख/ Date of hearing : 04.04.2022 घोषणा की तारीख /Date of Pronouncement : 04.04.2022 आदेश /O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: Both the appeals filed by the Revenue are directed against common order of the ld. Commissioner of Income Tax (Appeals) 11, Chennai dated 23.05.2017 relevant to the assessment years 2013-14 and 2014-15. 2. When the appeals were taken up for hearing, the ld. Counsel for the assessee has submitted that the tax effect in the appeals filed by the Revenue are less than the monetary limit of ₹.50,00,000/- fixed by I.T.A. Nos.2043 & 2044/Chny/17 2 the CBDT to file an appeal by the 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. Thus, both the appeals filed by the Revenue are liable to be dismissed as not maintainable. Accordingly, the appeals filed by the Revenue are dismissed. 3. In the result, both the appeals filed by the Revenue are dismissed. Order pronounced on 04 th April, 2022 at Chennai. Sd/- Sd/- (G. MANJUNATHA) ACCOUNTANT MEMBER (V. DURGA RAO) JUDICIAL MEMBER Chennai, Dated, 04.04.2022 Vm/- आदेश की Ůितिलिप अŤेिषत/Copy to: 1. अपीलाथŎ/Appellant, 2.ŮȑथŎ/ Respondent, 3. आयकर आयुƅ (अपील)/CIT(A), 4. आयकर आयुƅ/CIT, 5. िवभागीय Ůितिनिध/DR & 6. गाडŊ फाईल/GF.