ACIT, CORP CIR-5(1), CHENNAI V. REYMOUNT COMMODITIES PV LTD, CHENNAI

ITA 3444/CHNY/2018

• Counselvise Citation: [2019] 115 COUNSELVISE.COM (IT) 4399 (ITAT-CHENNAI)
• Duration Of Justice: 3 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 20-03-2019
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2010-2011
• Appeal Filed On: 18-12-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: S BHARATH
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL , A B ENCH, CHENNAI . . . , . , # BEFORE SHRI N.R.S.GANESAN, JUDICIAL MEMBER AND SHRI S.JAYARAMAN, ACCOUNTANT MEMBER / I.T.A. NO.3444/CHNY/2018 '' /ASSESSMENT YEAR : 2010-11 THE ASSISTANT COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE-5(1), CHENNAI-600 034 VS M/S.REYMOUNT COMMODITIES PVT. LTD 935, GKS TOWERS, 5 TH FLOOR, POONAMALLEE HIGH COURT, CHENNAI-600 084. PAN: AACCR4892C ( /APPELLANT) ( /RESPONDENT) / APPELLANT BY : MR.S.BHARATH, CIT /RESPONDENT BY : NONE /DATE OF HEARING : 20.03.2019 /DATE OF PRONOUNCEMENT : 20.03.2019 / O R D E R PER S.JAYARAMAN, AM: THE REVENUE FILED THIS APPEAL AGAINST THE ORDER O F COMMISSIONER OF INCOME TAX (APPEALS)-3, CHENNAI, IN ITA NO. 28/2 016-17/A-3 DATED 31.08.2018 FOR ASSESSMENT YEAR 2010-11. 2. AT THE TIME OF HEARING, THE LD. DR SUBMITTED THAT THE TAX EFFECT IN THIS APPEAL IS LESS THAN 20,00,000/- AND HENCE THE APPEAL WOULD NOT LIE BEFORE THIS TRIBUNAL BY VIRTUE OF CBDT CIRCULAR NO.3/2018, DATED 11.07.2018. SINCE THE TAX EFFECT IN THIS APPEAL BEI NG LESS THAN 20,00,000/-, SUCH APPEAL CANNOT SURVIVE. 2 ITA NO.3444/CHNY/2018 3. IN THE RESULT, THE APPEAL OF THE REVENUE STAN DS DISMISSED . ORDER PRONOUNCED ON 20 TH MARCH, 2019 AT CHENNAI. SD/- SD/- ( . . . ) ( . ) (N.R.S.GANESAN) (S.JAYARAMAN) ( ! / JUDICIAL MEMBER) ( ! / ACCOUNTANT MEMBER) /CHENNAI, $ /DATED 20 TH MARCH, 2019 SOMU () *) /COPY TO: 1. APPELLANT 2. RESPONDENT 3. + () /CIT(A) 4. + /CIT 5. ) / /DR 6. 2 /GF