DCIT Corporate Circle 4(1), CHENNAI V. Minvesta Infotech Limited, CHENNAI

ITA 2829/CHNY/2017

• Counselvise Citation: [2018] 121 COUNSELVISE.COM (IT) 7992 (ITAT-CHENNAI)
• Duration Of Justice: 10 month(s) 1 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-09-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 23-11-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: MRS SUMATHY VENKATARAMAN
• Assessee Lawyers: ABHINAYA RAMANUJAM; NISA NIRMAL
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: CHENNAI . , . . , ! BEFORE SHRI A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER AND SHRI DUVVURU R.L.REDDY, JUDICIAL MEMBER ./ ITA NO.2829/CHNY/2017 #$ $ /ASSESSMENT YEAR: 2013-14 THE DY. COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE-4(1), CHENNAI. VS. M/S.MINVESTA INFOTECH LTD., OLD NO.5, 5A, NEW NO.9, RANDSTAD HOUS, PYCROFTS GARDEN, NUNGAMBAKKAM, CHENNAI-600 006. [PAN: AAECM 5527 F ] ( ' /APPELLANT) ( ()' /RESPONDENT) DEPARTMENT BY : MRS.SUMATHY VENKATARAMAN, JCIT ASSESSEE BY : MS.NISA NIRMAL, CA & MR.ABHINAYA RAMANUJAM, CA * /DATE OF HEARING : 19.09.2018 * /DATE OF PRONOUNCEMENT : 24.09.2018 / O R D E R PER DUVVURU R.L.REDDY, JUDICIAL MEMBER : THIS APPEAL FILED BY THE REVENUE IS DIRECTED AGAIN ST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)-8, CHENNAI, IN ITA NO.215/16-17 DATED 12.09.2017 FOR THE AY 2013-14. 2. THE COUNSELS FOR THE ASSESSEE POINTED OUT THAT T HE TAX EFFECT IN THIS CASE WAS LESS THAN RS.20.00 LAKHS. HENCE, THE APPE AL OF THE REVENUE ITA NO.2829/CHNY/2017 :- 2 -: WOULD NOT LIE BEFORE THIS TRIBUNAL BY VIRTUE OF CBD T CIRCULAR NO. 3/2018 DATED 11.07.2018. 3. LD.DR FAIRLY AGREED THAT THE TAX EFFECT WAS LESS THAN RS.20.00 LAKHS. 4. WE HAVE HEARD THE RIVAL CONTENTIONS AND PERUSED THE ORDERS OF THE AUTHORITIES BELOW. 5. THE TAX EFFECT IN THE APPEAL OF THE REVENUE BEIN G LESS THAN RS.20.00 LAKHS, IT CANNOT SURVIVE. 6. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED. ORDER PRONOUNCED ON THE 24 TH DAY OF SEPTEMBER, 2018 IN CHENNAI. SD/- SD/- ( . ) ( A. MOHAN ALANKAMONY ) 1 /ACCOUNTANT MEMBER ( . . ) ( DUVVURU R.L.REDDY ) # 1 /JUDICIAL MEMBER /CHENNAI, 2 /DATED: SEPTEMBER 24, 2018. TLN * (#34 54 /COPY TO: 1. ' /APPELLANT 4. 6 /CIT 2. ()' /RESPONDENT 5. 4 (## /DR 3. 6 ( ) /CIT(A) 6. $ /GF