ACIT, Non Corporate Circle-1, Coimbatore V. Sri Vigneshwara Foundry, Coimbatore

ITA 60/CHNY/2018

• Counselvise Citation: [2018] 118 COUNSELVISE.COM (IT) 9624 (ITAT-CHENNAI)
• Duration Of Justice: 11 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-12-2018
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2012-2013
• Appeal Filed On: 04-01-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R CLEMENT RAMESH KUMAR ADL
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL C ( SMC ) BENCH : CHENNAI . . . , ! . '#'$ , % !& ' [BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI ABRAHAM P. GEORGE, ACCOUNTANT MEMBER ] ./I.T.A. NO.60/CHNY/2018 / ASSESSMENT YEAR : 2012-2013. THE ASSISTANT COMMISSIONER OF INCOME TAX, NON CORPORATE CIRCLE 1, COIMBATORE. VS. M/S. SRI VIGNESHWARA FOUNDRY, 1095A, AVINASHI ROAD, P.N. PALAYAM, COIMBATORE 37. [PAN AALFS 5096H] ( () / APPELLANT) ( *+() /RESPONDENT) / APPELLANT BY : SHRI. R. CLEMENT RAMESH KUMAR, ADL CIT /RESPONDENT BY : NONE /DATE OF HEARING : 12-12-2018 ! /DATE OF PRONOUNCEMENT : 12-12-2018 / O R D E R PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER THIS APPEAL OF THE REVENUE IS DIRECTED AGAINST AN ORDER DATED 28.09.2017 OF THE COMMISSIONER OF INCOME-TAX (APPEALS)-2, COIMBATORE. 2. LD. DEPARTMENTAL REPRESENTATIVE FAIRLY AGREED THAT THE TAX EFFECT WAS LESS THAN @20,00,000/- AND BY VIRTUE OF PARA 13 OF CBDT ITA NO.60/2018. :- 2 -: CIRCULAR NO.3/2018, DATED 11.07.2018, PENDING APPEA LS BELOW THE SPECIFIED TAX LIMIT HAD TO BE WITHDRAWN/NOT PRESSED . 3. NONE APPEARED ON BEHALF OF THE ASSESSEE. 4. WE HAVE CONSIDERED THE SUBMISSION OF THE LD. DEPART MENTAL REPRESENTATIVE. SINCE THE TAX EFFECT IN THIS APPEAL IS LESS THAN @20,00,000/-, APPEAL OF THE REVENUE CANNOT SURVIVE . 5. IN THE RESULT, THE APPEAL OF THE REVENUE STANDS DIS MISSED . ORDER PRONOUNCED ON WEDNESDAY, THE 12TH DAY OF DEC EMBER, 2018, AT CHENNAI. SD/- SD/- ( . . . ' ) (N.R.S. GANESAN) / JUDICIAL MEMBER ( ! . '#'$ ) (ABRAHAM P. GEORGE) % / ACCOUNTANT MEMBER #$ / CHENNAI %& / DATED:12 TH DECEMBER, 2018. K V &' ()*) / COPY TO: 1 . / APPELLANT 3. +,' / CIT(A) 5. )-. / / DR 2. / RESPONDENT 4. + / CIT 6. .01 / GF