Appeal details
Counselvise Citation
[2020] 111 COUNSELVISE.COM (IT) 3308 (ITAT-CHENNAI)
Assessee PAN
Bench
Appeal Number
Duration Of Justice
1 year(s) 15 day(s)
Appellant
Respondent
Appeal Type
Income Tax Appeal
Pronouncement Date
04-03-2020
Appeal Filed By
Department
Order Result
Dismissed
Bench Allotted
A
Assessment Year
2014-2015
Appeal Filed On
18-02-2019
Judgement Text
, , IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, CHENNAI , , $ BEFORE SHRI GEORGE MATHAN, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBER /. I.T.A. NO. 405/CHNY/2019 / ASSESSMENT YEAR : 2014-15 DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 3(2), CHENNAI 600 034. VS. M/S. VISHRANTHI HOMES PVT. LTD., NO. 351, VADHIRAJA CENTRE, AVVAI SHANMUGAM SALAI, GOPALAPURAM, CHENNAI 600 086. [PAN: AABCV 3915D] ( / APPELLANT) ( %&' /RESPONDENT ) ' ( / APPELLANT BY : SHRI. AR.V. SREENIVASAN, JCIT %&' ( / RESPONDENT BY : SHRI. M. KAUSHIK, ADVOCATE ( /DATE OF HEARING : 18.12.2019 ( /DATE OF PRONOUNCEMENT : 04.03.2020 / O R D E R PER S. JAYARAMAN, ACCOUNTANT MEMBER : THE REVENUE FILED THIS APPEAL AGAINST THE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS)-7, CHENNAI IN ITA NO. 222(T)/C IT(A)-7/2016-17 DATED 26.11.2018 FOR ASSESSMENT YEAR 2014-15. :-2-: ITA NO. 405/CHNY/2019 2. AT THE TIME OF HEARING, THE LD.AR SUBMITTED THA T THE TAX EFFECT IS BELOW RS.50 LAKHS AND HENCE THE REVENUES APPEAL WO ULD BE COVERED BY THE CBDT CIRCULAR NO.17/2019 DATED 08.08.2019, F IXING THE MONETARY LIMIT OF RS.50 LAKHS. THE LD.DR ON VERIFI CATION ADMITTED THAT THE TAX EFFECT INVOLVED IN THE APPEAL IS LESS THAN RS.50 LAKHS. 3. ON HEARING BOTH SIDES, WE FIND THAT THE TAX EFF ECT IN THIS CASE IS LESS THAN RS. 50 LAKHS. THE CBDT IN ITS CIRCULAR NO . 17/2019 DATED 08.08.2019 INSTRUCTED ITS OFFICERS TO WITHDRAW ALL THE APPEALS PENDING BEFORE THE ITAT WHERE THE TAX EFFECT IS LESS THAN R S. 50 LAKHS. THIS TRIBUNAL IS OF THE CONSIDERED OPINION THAT THIS CIR CULAR OF CBDT IS BINDING ON THE OFFICERS OF THE DEPARTMENT. THEREFOR E, THE REVENUE CANNOT PROCEED FURTHER IN THIS APPEAL. ACCORDINGLY, THE APPEAL STANDS DISMISSED. 4. IN THE RESULT, THE APPEAL OF THE REVENUE IS DIS MISSED. ORDER PRONOUNCED ON WEDNESDAY, 04 TH MARCH, 2020 AT CHENNAI. SD/- ( ) (GEORGE MATHAN) ! /JUDICIAL MEMBER SD/- ( ) (S. JAYARAMAN) ! /ACCOUNTANT MEMBER /CHENNAI, 0 /DATED: 04 TH MARCH, 2020 JPV (%2343 /COPY TO: 1. ' / APPELLANT 2. %&' /RESPONDENT 3. 5 ) ( /CIT(A) 4. 5 /CIT 5. 3% /DR 6. /GF
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