The DCIT, Circle-1(2), Kochi V. M/s.The Fertilizers & Chemicals Travancore Ltd, Udyogamandal, Cochin

ITA 502/COCH/2017

• Counselvise Citation: [2018] 118 COUNSELVISE.COM (IT) 9238 (ITAT-COCHIN)
• Duration Of Justice: 1 year(s) 3 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-12-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 17-12-2018
• Assessment Year: 2005-2006
• Appeal Filed On: 14-09-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: A S BINDHU
• Keywords: Tax effect

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE SHRI CHANDRA POOJAR I, AM & SHRI GEORGE GEORGE K, JM ITA NO. 502 /COCH/201 7 : ASST.YEAR 2005 - 2006 THE ASST.COMMISSIONER OF INCOME - TAX CORP. CIRCLE 2(1) KOCHI. VS. M/S THE FERTILISERS & CHEMICALS TRAVANCORE LIMITED , UDYOGAMANDAL KOCHI 683 501. PAN : AAACT6204C . (APPELLANT) (RESPONDENT) APPELLANT BY : SMT.A.S.BINDHU , SR.DR RESPONDENT BY : SRI. GOPI K DATE OF HEARING : 17.12 .2018 DATE OF PRONOUNCEMENT : 17 . 12 .2018 O R D E R PER GEORGE GEORGE K, JM AT THE TIME OF HEARING BEFORE US, THE LEARNED DEPARTMENTAL REPRESENTATIVE, BY PLACING A LETTER DATED 27.09.2018, REQUESTED FOR PERMISSION TO WITHDRAW THE APPEAL FILED BY THE REVENUE, SINCE THE TAX EFFECT IS BELOW THE TAXABLE LIMIT TO FILE THE APPEAL BEFORE THE TRIBUNAL, AS PER LATEST CIRCULAR NO. 3/2018 DATED 11.07.2018 ISSUED BY THE CENTRAL BOARD OF DIRECT TAXES (CBDT) . WE, THEREFORE, PERMIT THE REVENUE TO WITHDRAW ITS APPEAL , WITH THE PERMISSION TO FILE MIS CELLANEOUS APPLICATION TO RECALL THIS ORDER, IF NECESSARY. ITA NO. 502 / COCH /201 7 M/S. THE FERTILISERS & CHEMICALS TRAVANCORE LTD. 2 2. IN THE RESULT, REVENUES APPEAL IS DISMISSED, AS WITHDRAWN. ORDER PRONOUNCED ON THIS 17 TH DAY OF DECEMBER , 2018 . SD/ - SD/ - ( CHANDRA POOJARI ) ( GEORGE GEORGE K ) ACCOUNTANT MEMBER JUDICIAL MEMBER COCHIN ; DATED : 17 TH DECEMBER , 2018 . DEVDAS* COPY OF THE ORDER FORWARDED TO : BY ORDER, (ASSTT. REGISTRAR) ITAT, COCHIN 1. THE APPELLANT 2. THE RESPONDENT. 3. THE PR.CIT, KOCHI. 4. THE CIT(APPEALS) - I, KOCHI. 5. DR, ITAT, COCHIN 6 . GUARD FILE.