DCIT Corporate Circle 1(1), CHENNAI V. Allied Investment and Housing Pvt Ltd., CHENNAI

ITA 2097/CHNY/2018

• Counselvise Citation: [2018] 118 COUNSELVISE.COM (IT) 9592 (ITAT-CHENNAI)
• Duration Of Justice: 4 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-11-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2013-2014
• Appeal Filed On: 06-07-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, CHENNAI , , $ BEFORE SHRI GEORGE MATHAN, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBER /. I.T.A. NO. 2097/CHNY/2018 / ASSESSMENT YEAR : 2013-14 DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), CHENNAI 600 034. VS. M/S. ALLIED INVESTMENT AND HOUSING PVT. LTD., NO. 13, VENKATRAMAN STREET, T NAGAR, CHENNAI 600 017. [PAN: AAACA 7460P] ( / APPELLANT) ( %&' /RESPONDENT ) REVENUE BY : SHRI. AR. V. SREENIVASAN, JCIT ASSESSEE BY : NONE . /DATE OF HEARING : 27.11.2018 . /DATE OF PRONOUNCEMENT : 27.11.2018 / O R D E R PER S. JAYARAMAN, ACCOUNTANT MEMBER : THE REVENUE FILED THIS APPEAL AGAINST THE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS)-1, CHENNAI IN ITA NO. 192/CIT(A)-1/2016-17 DATED 24.04.2018 FOR ASSESSMEN T YEAR 2013- 14. :-2-: ITA NO. 2097/CHNY/2018 2. ON HEARING THE LD. DR, WE FIND THAT THE TAX EFFE CT IN THIS CASE IS LESS THAN RS. 20 LAKHS. THE CBDT IN ITS CIRCULAR N O. 3/2018 DATED 11.07.2018 INSTRUCTED ITS OFFICERS TO WITHDRAW ALL THE APPEALS PENDING BEFORE THE ITAT WHERE THE TAX EFFECT IS LESS THAN R S. 20 LAKHS. THIS TRIBUNAL IS OF THE CONSIDERED OPINION THAT THIS CIR CULAR OF CBDT IS BINDING ON THE OFFICERS OF THE DEPARTMENT. THEREFO RE, THE REVENUE CANNOT PROCEED FURTHER IN THIS APPEAL. ACCORDINGLY , THIS APPEAL STANDS DISMISSED. 3. IN THE RESULT, THE REVENUES APPEAL IS DISMISSED . ORDER PRONOUNCED IN THE OPEN COURT ON 27 TH NOVEMBER, 2018 AT CHENNAI. SD/- ( ) (GEORGE MATHAN) ! /JUDICIAL MEMBER SD/- ( ) (S. JAYARAMAN) ! /ACCOUNTANT MEMBER /CHENNAI, 3 /DATED: 27 TH NOVEMBER, 2018 JPV .%5676 /COPY TO: 1. ' / APPELLANT 2. %&' /RESPONDENT 3. 9 ) ( /CIT(A) 4. 9 /CIT 5. 6% /DR 6. /GF