ITO (Exemptions) Ward 2, CHENNAI V. Young Men's Christian Association, CHENNAI

ITA 2249/CHNY/2018

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 3233 (ITAT-CHENNAI)
• Duration Of Justice: 1 year(s) 6 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-02-2020
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2012-2013
• Appeal Filed On: 27-07-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: VIJAYAPRABHA
• Assessee Lawyers: G REDDY PRAKASH
• Keywords: Tax effect
• Section: 201

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH: CHENNAI , ! ' # , $ %& BEFORE SHRI MAHAVIR SINGH , VICE PRESIDENT AND SHRI M. BALAGANESH, ACCOUNTANT MEMBE R ./ ITA NOS.2245 TO 2249 /CHNY/2018 ' ( )( /ASSESSMENT YEARS: 2008-09 TO 2012-13 THE INCOME TAX OFFICER (EXEMPTIONS), WARD-2, CHENNAI. VS. M/S. YOUNG MENS CHRISTIAN ASSOCIATION, NEW NO.24, (OLD NO.223), N.S.C. BOSE ROAD, CHENNAI 600 001. [PAN: AAATY 0296N] ( *+ /APPELLANT) ( ,-*+ /RESPONDENT) *+ . / / APPELLANT BY : MS. VIJAYAPRABHA, JCIT ,-*+ . / /RESPONDENT BY : SHRI G. REDDY PRAKASH, C.A 0 . 1$ /DATE OF HEARING : 24.02.2020 23) . 1$ / DATE OF PRONOUNCEMENT : 24.02.2020 %# / O R D E R PER BENCH : ALL THE FIVE APPEALS FILED BY THE REVENUE ARE DIREC TED AGAINST THE COMMON ORDER OF THE LD. COMMISSIONER OF INCOME TAX (APPEAL S)-17, CHENNAI DATED 27.03.2018 RELEVANT TO THE ASSESSMENT YEARS 2008-09 TO 2012-13. 2. AT THE TIME OF HEARING, BY WAY OF WRITTEN SUBMIS SION, THE LD. COUNSEL FOR THE ASSESSEE HAS TABULATED THE ADDITION MADE IN THE RESPECTIVE ASSESSMENT ITA NOS.2245 TO 2249/CHNY/2018 (A.YS 2008-09 TO 201 2-13) M/S. YOUNG MENS CHRISTIAN ASSOCIATION :- 2 -: YEARS AND THE TAX EFFECT AS DETAILED BELOW: ASSESSMENT Y EAR ADDITION MADE (INR) TAX EFFECT (INR) 2008-09 84,23,000 25,26,900 2009-10 74,60,000 22,38,000 2010-11 21,12,000 6,33,600 2011 - 12 70,40,600 21,12,180 2012-13 1,43,10,000 42,93,000 3. WITH THE ABOVE, THE LD. COUNSEL HAS SUBMITT ED THAT THE TAX EFFECT IN ALL THE APPEALS FILED BY THE REVENUE ARE LESS THAN THE MONE TARY LIMIT OF .50,00,000/ - FIXED BY THE CBDT TO FILE AN APPEAL BY THE REVENUE BEFORE THE TRIBUNAL AS PER THE CBDT CIRCULAR NO. 17/2019, DATED 08.08.2019. TH E LD. DR FAIRLY CONCEDED THE SUBMISSIONS MADE BY THE LD. COUNSEL FOR THE ASS ESSEE. BEING SO, THE REVENUE AUTHORITIES ARE PRECLUDED FROM FILING THE A PPEAL BEFORE THE TRIBUNAL, SINCE THE TAX EFFECT IS LESS THAN .50,00,000/- IN THESE APPEALS AND THE APPEALS FILED BY THE REVENUE ARE LIABLE TO BE DISMISSED. AC CORDINGLY, ALL THE APPEALS FILED BY THE REVENUE ARE DISMISSED. 4. IN THE RESULT, ALL THE FIVE APPEALS FILED BY THE REVENUE ARE DISMISSED. ORDER PRONOUNCED ON 24 TH DAY OF FEBRUARY, 2020 IN CHENNAI. SD/ - SD/ - ( ) (MAHAVIR SINGH) /VICE PRESIDENT ( ) (M. BALAGANESH) /ACCOUNTANT MEMBER /CHENNAI, 4% /DATED: 24 TH FEBRUARY, 2020 . EDN, SR. P.S %# . ,'15 65)1 /COPY TO: 1. *+ /APPELLANT 2. ,-*+ /RESPONDENT 3. 0 71 ( )/CIT(A) 4. 0 71 /CIT 5. 58' ,'1' /DR 6. '9( : /GF