ACIT Non Corporate Circle 10(1), CHENNAI V. Foresight Corporation Limited, CHENNAI

ITA 2506/CHNY/2017

• Counselvise Citation: [2018] 121 COUNSELVISE.COM (IT) 5165 (ITAT-CHENNAI)
• Duration Of Justice: 7 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-06-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2006-2007
• Appeal Filed On: 16-10-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: B SAGADEVAN
• Keywords: Tax effect

Judgement Text

, / , IN THE INCOME TAX APPELLATE TRIBUNAL B SMC BENCH, CHENNAI . . . , !' .$%$&, ( ) BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI ABRAHAM P. GEORGE, ACCOUNTANT MEMBER ./ ITA NO.2506/CHNY/2017 & +& / ASSESSMENT YEAR : 2006-07 THE ASSISTANT COMMISSIONER OF INCOME TAX, NON-CORPORATE CIRCLE 10(1), CHENNAI - 600 034. V. M/S FORESIGHT CORPORATION LIMITED, NEW NO.98, OLD NO.36, HALLS ROAD, KILPAUK, CHENNAI - 600 010. PAN : AABFF 0215 H (-./ APPELLANT) (/0-./ RESPONDENT) -. 1 2 / APPELLANT BY : SHRI B. SAGADEVAN, JCIT /0-. 1 2 / RESPONDENT BY : NONE 3 1 4( / DATE OF HEARING : 05.06.2018 56+ 1 4( / DATE OF PRONOUNCEMENT : 05.06.2018 / O R D E R PER N.R.S. GANESAN, JUDICIAL MEMBER: THIS APPEAL OF THE REVENUE IS DIRECTED AGAINST T HE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS) -12, CHENN AI, DATED 11.08.2017 AND PERTAINS TO ASSESSMENT YEAR 2006-07. 2. NO ONE APPEARED FOR THE ASSESSEE. WE HEARD SHRI B. SAGADEVAN, THE LD. DEPARTMENTAL REPRESENTATIVE. AD MITTEDLY, THE 2 I.T.A. NO.2506/CHNY/17 TAX EFFECT IN THIS APPEAL IS LESS THAN 10 LAKHS. THE CBDT, BEING THE HIGHEST ADMINISTRATIVE BODY FOR ADMINISTRATION OF DIRECT TAXES, INSTRUCTED ITS OFFICERS NOT TO FILE APPEAL BEFORE T HIS TRIBUNAL WHEREVER THE TAX EFFECT IS LESS THAN 10 LAKHS. IN THIS CASE, THE TAX EFFECT IS LESS THAN 10 LAKHS. SO, IT IS OBVIOUS THAT THE REVENUE AUTHO RITIES FILED APPEAL CONTRARY TO THE INSTRUCTION ISSUED BY THE CBDT. THEREFORE, THE APPEAL IS NOT MAINTAINABLE. ACCORDI NGLY, THE SAME IS DISMISSED. 3. IN THE RESULT, THE APPEAL FILED BY THE REVENUE S TANDS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 5 TH JUNE, 2018 AT CHENNAI. SD/- SD/- (!' .$%$& ) ( . . . ) (ABRAHAM P. GEORGE) (N.R.S. GANESAN) ( / ACCOUNTANT MEMBER /JUDICIAL MEMBER /CHENNAI, 8 /DATED, THE 5 TH JUNE, 2018. KRI. 3 I.T.A. NO.2506/CHNY/17 1 /49: ;:+4 /COPY TO: 1. -. /APPELLANT 2. /0-. /RESPONDENT 3. 3 <4 () /CIT(A)-12, CHENNAI 4. PRINCIPAL CIT-3, CHENNAI 5. := /4 /DR 6. >& ? /GF.