DCIT Corporate Circle 4(1), CHENNAI V. Mediclone Biotech Pvt. Limited, CHENNAI

ITA 2600/CHNY/2017

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 2296 (ITAT-CHENNAI)
• Duration Of Justice: 10 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-09-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2013-2014
• Appeal Filed On: 30-10-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: CLEMNT RAMESH KUMAR
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, C BENCH : CHENNAI . , ! ' # ' $ . %& , ( * + [BEFORE SHRI ABRAHAM P. GEORGE, ACCOUNTANT MEMBE R AND SHRI DUVVURU RL REDDY , JUDICIAL MEMBER ] ./I.T.A. NO.2600/CHNY/2017. / ASSESSMENT YEAR : 2013-2014 THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 4(1) CHENNAI. VS. M/S. MEDICLONE BIOTECH PVT. LIMITED, BLOCK B, 36/37, MILLENIUM HOUSE, M.K. SRINIVASAN NAGAR MAIN ROAD, PERUNGUDI, CHENNAI 600 096. [PAN AAACM 5301R] ( ,- / APPELLANT) ( ./,- /RESPONDENT) / APPELLANT BY : SHRI.CLEMNT RAMESH KUMAR, ADDL. CIT /RESPONDENT BY : NONE /DATE OF HEARING : 30-08-2018 ! /DATE OF PRONOUNCEMENT : 03-09-2018 0 / O R D E R PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER THIS APPEAL OF THE REVENUE IS DIRECTED AGAINST AN ORDER DATED 03.08.2017 OF THE COMMISSIONER OF INCOME-TAX (APPEALS)-08, CHENNAI. 2. LD. DEPARTMENTAL REPRESENTATIVE FAIRLY AGREED THAT THE TAX EFFECT WAS LESS THAN @20,00,000/- AND BY VIRTUE OF PARA 13 OF CBDT ITA NO.2600 /2017 :- 2 -: CIRCULAR NO.3/2018, DATED 11.07.2018, PENDING APPEA LS BELOW THE SPECIFIED TAX LIMIT HAD TO BE WITHDRAWN/NOT PRESSED . 3. NONE APPEARED ON BEHALF OF THE ASSESSEE. 4. WE HAVE CONSIDERED THE SUBMISSION OF THE LD. DEPART MENTAL REPRESENTATIVE. SINCE THE TAX EFFECT IN THIS APPEAL IS LESS THAN @20,00,000/-, APPEAL OF THE REVENUE CANNOT SURVIVE . 5. IN THE RESULT, THE APPEAL OF THE REVENUE STANDS DIS MISSED. ORDER PRONOUNCED ON MONDAY, THE 3RD DAY OF SEPTEMB ER, 2018, AT CHENNAI. SD/- SD/- ( ' # ' $ . %& ) ( DUVVURU RL REDDY ) ( / JUDICIAL MEMBER ( . ) (ABRAHAM P. GEORGE) / ACCOUNTANT MEMBER '# / CHENNAI $% / DATED:3 RD SEPTEMBER, 2018. KV %& '()( / COPY TO: 1 . / APPELLANT 3. *+, / CIT(A) 5. (-. / / DR 2. / RESPONDENT 4. * / CIT 6. .01 / GF