DCIT NON CORPORATE CIRCLE-1(1), CHENNAI V. KUNNAM GRANITE WORKS, CHENNAI

ITA 358/CHNY/2020

• Counselvise Citation: [2021] 104 COUNSELVISE.COM (IT) 6314 (ITAT-CHENNAI)
• Duration Of Justice: 1 year(s) 10 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-12-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2012-2013
• Appeal Filed On: 13-02-2020
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: RAMANA KUMAR
• Keywords: Tax effect; Tax effect

Judgement Text

आयकर अपील य अ धकरण, ‘ए’ यायपीठ, चे नई IN THE INCOME TAX APPELLATE TRIBUNAL , ‘A’ BENCH, CHENNAI ी वी .द ु गा राव, या यक सद य एवं ी जी.मंज ु नाथ, लेखा सद य के सम$ BEFORE SHRI V.DURGA RAO, JUDICIAL MEMBER AND SHRI G.MANJUNATHA, ACCOUNTANT MEMBER आयकरअपीलसं./I . T. A. No. 3 5 8/ Chn y/ 2 0 2 0 ( नधा रणवष / As s e s s m en t Ye a r : 20 12 - 1 3) The Deputy Commissioner of Income Tax, Non-Corporate Circle-1(1), Chennai-600 034. V s M/s. Kunnam Granite Works 24 / Old No. 22A, Sankaralaya Malony Road, T.Nagar, Chennai-600 0017. PA N: A AA FK 06 5 9 H (अपीलाथ /Appellant) ( यथ /Respondent) अपीलाथ क ओरसे/ Appellant by : Mr. AR.V.Sreenivasan, Addl.CIT यथ क ओरसे/Respondent by : Mr. Ramana Kumar, Advocate स ु नवाईक तार ख/D a t e o f h e a r i n g : 16.12.2021 घोषणाक तार ख /D a t e o f P r o n o u n c e m e n t : 16.12.2021 आदेश / O R D E R PER G.MANJUNATHA, AM: This appeal filed by the Revenue is directed against order passed by the learned Commissioner of Income Tax(Appeals)-2, Chennai, dated 29.11.2019 and pertains to assessment year 2012-13. 2. It is stated before us that the tax effect in the above appeal is less than Rs. 50 lakhs and therefore, the Circular No. 17 of 2019 dated 08.08.2019 issued by the Central Board of Direct Taxes (CBDT) in exercise of its power vested under section 268A(1) of the Income Tax Act, 1961 comes into play wherein, the monetary limit for filing the appeal by the Revenue before the ITAT and various High Courts as well as Apex Court are revised with an object of the reducing the tax litigation. In the said circular, it is stated that in cases where the tax effect in the appeal to 2 ITA No.358/Chny/2020 be filed before the Appellate Tribunal does not exceed Rs. 50 lakhs appeals should not be filed. Thus, taking note of CBDT Circular No. 17 of 2019 dated 08.08.2019 and considering the fact that the tax effect in the instant appeal is less than Rs. 50 lakhs, the present appeal deserves to be dismissed as not pressed / not maintainable. However, we make it clear that issues raised in the instant appeal is left open to be examined in the appropriate proceedings, if arises, in future. At the same time, we also make it clear that if the appeal fall in any of the exceptions referred to in the above said CBDT Circular, the Revenue is at liberty to move an application for recalling the order, if so advised. Accordingly, in the light of CBDT circular No. 17 of 2019 dated 08.08.2019, this appeal stands dismissed. 3. In the result, appeal filed by the Revenue is dismissed. Order pronounced in the open court on 16 th December, 2021 Sd/- Sd/- ( वी.द ु गा राव) ( जी. मंज ु नाथ) (V.Durga Rao) ( G.Manjunatha ) #या यक सद%य /Judicial Member लेखा सद%य / Accountant Member चे#नई/Chennai, (दनांक/Dated 16 th December, 2021 DS आदेश क त*ल+प अ,े+षत/Copy to: 1. Appellant 2. Respondent 3. आयकर आय ु -त (अपील)/CIT(A) 4. आयकर आय ु -त/CIT 5. +वभागीय त न1ध/DR 6. गाड फाईल/GF.