ITO Corporate Ward 1(3), CHENNAI V. C.S.Housing Property Development Pvt. Ltd., CHENNAI

ITA 2427/CHNY/2018

• Counselvise Citation: [2018] 118 COUNSELVISE.COM (IT) 8687 (ITAT-CHENNAI)
• Duration Of Justice: 3 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-12-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2012-2013
• Appeal Filed On: 23-08-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: GAUTHAM VENKATA NARAYANAN
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH: CHENNAI , , ' BEFORE SHRI GEORGE MATHAN , JUDICIAL MEMBER AND SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER ./ ITA NO.2427/CHNY/2018 /ASSESSMENT YEAR: 2012-13 THE INCOME TAX OFFICER, CORPORATE WARD-1(3), CHENNAI-34. VS. M/S.C.S.HOUSING PROPERTY- DEVELOPMENT PVT. LTD., NEW NO.4, OLD NO.33, KRISHNA STREET, T.NAGAR, CHENNAI-600 017. [PAN: AADCC 8013 B ] ( ) /APPELLANT) ( *+) /RESPONDENT) DEPARTMENT BY : MR.AR.V.SREENIVASAN, JCIT ASSESSEE BY : MR.GAUTHAM VENKATA NARAYANAN, ADV. - /DATE OF HEARING : 18.12.2018 - /DATE OF PRONOUNCEMENT : 18.12.2018 / O R D E R PER INTURI RAMA RAO, ACCOUNTANT MEMBER : THIS APPEAL OF THE REVENUE IS DIRECTED AGAINST AN ORDER DATED 24.05.2018 OF THE COMMISSIONER OF INCOME-TAX (APPEA LS)-1, CHENNAI. 2. LD. DEPARTMENTAL REPRESENTATIVE FAIRLY AGREED T HAT THE TAX EFFECT WAS LESS THAN RS.20,00,000/- AND BY VIRTUE O F PARA 13 OF CBDT ITA NO.2427/CHNY/2018 :- 2 -: CIRCULAR NO.3/2018, DATED 11.07.2018, PENDING APPEA LS BELOW THE SPECIFIED TAX LIMIT HAD TO BE WITHDRAWN/NOT PRESSED . 3. WE HAVE CONSIDERED THE SUBMISSION OF THE LD. DEP ARTMENTAL REPRESENTATIVE. SINCE THE TAX EFFECT IN THIS APPEAL IS LESS THAN RS.20,00,000/-, APPEAL OF THE REVENUE CANNOT SURVI VE. 4. IN THE RESULT, THE APPEAL OF THE REVENUE STANDS DISMISSED. ORDER PRONOUNCED ON THE 18 TH DECEMBER, 2018 IN CHENNAI. SD/- SD/- ( ) (GEORGE MATHAN) /JUDICIAL MEMBER ( ) ( INTURI RAMA RAO ) /ACCOUNTANT MEMBER /CHENNAI, 2 /DATED: DECEMBER 18, 2018. TLN - *34 54 /COPY TO: 1. ) /APPELLANT 4. 6 /CIT 2. *+) /RESPONDENT 5. 4 * /DR 3. 6 ( ) /CIT(A) 6. /GF