DCIT Corporate Circle 1(1), CHENNAI V. ACSYS Investments Private Limited, CHENNAI

ITA 2512/CHNY/2018

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 5988 (ITAT-CHENNAI)
• Duration Of Justice: 4 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-01-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2014-2015
• Appeal Filed On: 29-08-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: N ARJUN RAJC A S SRIDHAR
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, CHENNAI ... , , # BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBER /. I.T.A. NO. 2512/CHNY/2018 / ASSESSMENT YEAR : 2014-15 DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), CHENNAI 600 034. VS. M/S ACSYS INVESTMENTS PVT LTD., F 79, SPENCER PLAZA, PHASE II, NEW NO. 172, OLD NO. 769, ANNA SALAI, CHENNAI 600 002. [PAN: AAACA 6235E] ( / APPELLANT) ( / RESPONDENT) %& / APPELLANT BY : SHRI. AR V SREENIVASAN, JCIT )*%& / RESPONDENT BY : SHRI. N. ARJUN RAJ, CA FOR S. SRIDHAR, ADVOCATE & /DATE OF HEARING : 02.01.2019 & /DATE OF PRONOUNCEMENT : 02.01.2019 / O R D E R PER S. JAYARAMAN, ACCOUNTANT MEMBER: THE REVENUE FILED THIS APPEAL AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)-1, CHENNAI IN ITA NO. 168/CIT(A)-1/17-18 DATED 21.06.2018 FOR ASSESSMENT YEAR 2014-15. :-2-: ITA NO.2512/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. THEREFORE, THE REVENUE CANNOT PROCEED FURTHER IN THIS APPEAL. ACCORDINGLY, THIS APPEAL STANDS DISMISSED. 3. IN THE RESULT, THE REVENUES APPEAL IS DISMISSED . ORDER PRONOUNCED ON WEDNESDAY, THE 02 ND DAY OF JANUARY, 2019 AT CHENNAI. SD/- ( . . . ) (N.R.S. GANESAN) ! /JUDICIAL MEMBER SD/- ( ) (S. JAYARAMAN) ! /ACCOUNTANT MEMBER /CHENNAI, 0 /DATED: 02 ND JANUARY, 2019 JPV &)1232 /COPY TO: 1. % / APPELLANT 2. )*% /RESPONDENT 3. 4 ) ( /CIT(A) 4. 4 /CIT 5. 2) /DR 6. 7 /GF