DCIT Corporate Circle 2(1), CHENNAI V. Fitness One Group India Ltd., CHENNAI

ITA 711/CHNY/2018

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 4985 (ITAT-CHENNAI)
• Duration Of Justice: 5 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-08-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2013-2014
• Appeal Filed On: 26-02-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: R KUMAR
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : CHENNAI . , .. , !' $ BEFORE SHRI ABRAHAM P.GEORGE, ACCOUNTANT MEMBER AND SHRI DUVVURU RL REDDY, JUDICIAL MEMBER ./I.T.A. NO. 711/CHNY/2018 ' / ASSESSMENT YEAR : 2013-2014. THE DY. COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE-2(1), WANAPARTHY BLOCK, 121, M.G.ROAD, CHENNAI-34. VS. M/S. FITNESS ONE GROUP INDIA LTD., NO.17, LAKSHMI STREET, KILPAUK, CHENNAI 600 010. [PAN: AAACF 7733 Q] ( / APPELLANT) ( /RESPONDENT) DEPARTMENT BY : MR. CLEMENT RAMESH KUMAR, JCIT. ASSESSEE BY : MR. R. KUMAR, ADV. > @ /DATE OF HEARING : 30-07-2018 > @ /DATE OF PRONOUNCEMENT : 01-08-2018 / O R D E R PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER THIS APPEAL OF THE REVENUE IS DIRECTED AGAINST AN ORDER DATED 27.11.2017 OF THE COMMISSIONER OF INCOME-TAX (APPEALS)-06, CHENNAI. 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ITA NO.711/2018 :- 2 -: CIRCULAR NO.3/2018, DATED 11.07.2018, PENDING APPEA LS BELOW THE SPECIFIED TAX LIMIT HAD TO BE WITHDRAWN/NOT PRESSED . 3. 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 . 4. IN THE RESULT, THE APPEAL OF THE REVENUE STANDS DIS MISSED. ORDER PRONOUNCED ON THE DAY OF 1 ST AUGUST, 2018, AT CHENNAI. SD/- SD/- ( . . ' ) (DUVVURU R.L. REDDY) , . /JUDICIAL MEMBER ( 6 . ; ) (ABRAHAM P. GEORGE) . / ACCOUNTANT MEMBER ! / CHENNAI D / DATED: 01 AUGUST, 2018 TLN > F'GH IH / COPY TO: 1 . K / APPELLANT 3. L () / CIT(A) 5. H F''Q / DR 2. FRK / RESPONDENT 4. L / CIT 6. / GF