ACIT, Central Circle -2, Trichy V. Late T K Vijayaram (Indl.) Represented by Smt.V Vimala, W/o. Late T.K. Vijayaram , Theni

ITA 370/CHNY/2018

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 7322 (ITAT-CHENNAI)
• Duration Of Justice: 5 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-07-2018
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: B
• Assessment Year: 2008-2009
• Appeal Filed On: 30-01-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH : CHENNAI . . . , !' . #$#% , & '' ( [BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI ABRAHAM P. GEORGE, ACCOUNTANT MEMBER ] ./I.T.A. NOS.2118/CHNY/2017, 370, 371, 372, 373 & 374/CHNY/2018 / ASSESSMENT YEARS :2007-08, 2008-09, 2009-10, 2010 -11, 2011-12 AND 2013-2014. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -2, MADURAI. VS. LATE T.K. VIJAYARAM (INDL.) REPRESENTED BY SMT. V. VIMALA W/O. LATE T.K. VIJAYARAM, NO.377, NEW NO.465, AVR COMPOUND, PERIYAKULAM ROAD, THENI 625 531. [PAN ACHPV 9949E] ( )* / APPELLANT) ( +,)* /RESPONDENT) / APPELLANT BY : SHRI. VIJAY KUMAR PUNNA, JR. STANDING COUNSEL. /RESPONDENT BY : SHRI. K.B. MURALIDHARAN, C.A. /DATE OF HEARING : 19-07-2018 ! /DATE OF PRONOUNCEMENT : 23-07-2018 / O R D E R PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER THESE ARE APPEALS OF THE REVENUE FOR ASSESSMENT Y EARS 2007- 08, 2008-09, 2009-10, 2010-11, 2011-12 AND 2013-201 4. ITA NO. 2118/17, 370 TO 374/18 :- 2 -: 2. LD. COUNSEL FOR THE ASSESSEE HAS FILED A CHART ACC ORDING TO WHICH THE TAX EFFECT, CONSIDERING RELIEF GIVEN BY THE LD. CIT(A), FOR EACH OF THE YEAR IS LESS THAN E20,00,000/-. LD. AU THORISED REPRESENTATIVE SUBMITTED THAT BY VIRTUE OF CLAUSE 1 3 OF CBDT CIRCULAR NO.3/2018, DATED 11.07.2018, PENDING APPEALS BELOW THE SPECIFIED TAX LIMIT HAD TO BE WITHDRAWN/NOT PRESSED BY THE REVENU E. 3. PER CONTRA, LD. DEPARTMENTAL REPRESENTATIVE SUBMIT TED THAT IN ONE OF THE YEARS TAX EFFECT MIGHT BE MORE THAN E20,00,000/-. 4. WE HAVE CONSIDERED THE RIVAL CONTENTIONS AND PERUSE D THE ORDERS OF THE AUTHORITIES BELOW. LD. DEPARTMENTAL REPRESENTATIVE WAS UNABLE TO POINT OUT IN WHICH YEAR TAX EFFECT, WAS B EYOND THE SPECIFIED TAX LIMIT FOR FILING AN APPEAL. CHART FILED BY THE ASSESSEE IS REPRODUCED HEREUNDER:- SL. NO A.Y ITA NO ASSESSED INCOME BY AO REVISED INCOME BY CIT(A) RELIEF BY CIT(A) TAX RATE SUR CESS TOTAL TAX EFFECT IN 1 2007-08 2118/CH/17 21,84.072 6,97,479 14,86,593 30% 10% 2% 33.66% 5,00,387 2 2008-09 370/CH/18 96,67,951 48,21,132 48,46,819 30% 10% 3% 33.99% 16,47,434 3 2009-10 371/CH/18 27,04,590 30,52,202 -3,47,612 30% 10% 3% 33.99% -1,18,153 4 2010-11 372/CH/18 63,20,777 38,60,974 24,59,803 30% 0% 3% 30.90% 7,60,079 5 2011-12 373/CH/18 86,62,756 43,17,811 43,44,945 30% 0% 3% 30.90% 13,42,588 6 2013-14 374/CH/18 82,04,512 52,70,012 29,34,500 30% 0% 3% 30.90% 9,06,761 ITA NO. 2118/17, 370 TO 374/18 :- 3 -: CONSIDERING CLAUSE 13 OF CBDT CIRCULAR NO.3/2018, DATED 11.07.2018, WE ARE OF THE OPINION, THAT APPEALS OF THE REVENUE CANNOT SURVIVE FOR ANY OF THE IMPUGNED ASSESSMENT YEARS. 5. IN THE RESULT, APPEALS OF THE REVENUE STAND DISMISS ED. ORDER PRONOUNCED ON MONDAY, THE 23RD DAY OF JULY, 2018, AT CHENNAI. SD/- SD/- ( . . . ' ) (N.R.S. GANESAN) / JUDICIAL MEMBER ( !' . #$#% ) (ABRAHAM P. GEORGE) & / ACCOUNTANT MEMBER #$ / CHENNAI %& / DATED:23RD JULY, 2018. KV &' ()*) / COPY TO: 1 . / APPELLANT 3. +,' / CIT(A) 5. )-. / / DR 2. / RESPONDENT 4. + / CIT 6. .01 / GF