ACIT Circle 1, Salem V. Geetha Ramakrishna Spinning Mills Pvt. Ltd., Salem

ITA 865/CHNY/2018

• Counselvise Citation: [2018] 121 COUNSELVISE.COM (IT) 7911 (ITAT-CHENNAI)
• Duration Of Justice: 6 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-09-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2008-2009
• Appeal Filed On: 12-03-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: B SAGADEVAN
• Assessee Lawyers: T VASUDEVAN
• Keywords: Tax effect

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL A/SMC BENCH: CHENNAI . , .. ', BEFORE SHRI ABRAHAM P.GEORGE, ACCOUNTANT MEMBER AND SHRI DUVVURU R.L.REDDY, JUDICIAL MEMBER ./ ITA NO.865/CHNY/2018 $% % /ASSESSMENT YEAR: 2008-09 THE ASST. COMMISSIONER OF- INCOME TAX, CIRCLE-1, SALEM. VS. M/S.GEETHA RAMAKRISHNA- SPINNING MILLS PVT. LTD., NO.316, MAIN ROAD, SHEVAPET, SALEM-636 002. [PAN: AAAC G 6943 M ] ( ( /APPELLANT) ( )*( /RESPONDENT) DEPARTMENT BY : MR.B.SAGADEVAN, JCIT ASSESSEE BY : MR.T.VASUDEVAN, ADV. 3 /DATE OF HEARING : 08.08.2018 3 /DATE OF PRONOUNCEMENT : 19.09.2018 / O R D E R PER DUVVURU R.L.REDDY, JUDICIAL MEMBER : THIS APPEAL FILED BY THE REVENUE IS DIRECTED AGAIN ST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS), SALEM, IN APP EAL NO.22/2015-16 DATED 22.12.2017 FOR THE AY 2008-09. 2. THE COUNSEL FOR THE ASSESSEE POINTED OUT THAT TH E TAX EFFECT IN THIS CASE WAS LESS THAN RS.20.00 LAKHS. HENCE, THE APPE AL OF THE REVENUE WOULD NOT LIE BEFORE THIS TRIBUNAL BY VIRTUE OF CBD T CIRCULAR NO.3/2018 DATED 11.07.2018. ::2:: ITA NO.865/CHNY/2018 3. LD. DEPARTMENTAL REPRESENTATIVE FAIRLY AGREED TH AT THE TAX EFFECT WAS LESS THAN RS.20.00 LAKHS. 4. WE HAVE HEARD THE RIVAL CONTENTIONS AND PERUSED THE ORDERS OF THE AUTHORITIES BELOW. 5. THE TAX EFFECT IN THE APPEAL OF THE REVENUE BEIN G LESS THAN RS.20.00 LAKHS, IT CANNOT SURVIVE. 6. IN THE RESULT, THE APPEAL FILED BY THE REVENUE I S DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THE 19 TH DAY OF SEPTEMBER, 2018 IN CHENNAI. SD/- SD/- ( . ) ( ABRAHAM P.GEORGE ) /ACCOUNTANT MEMBER ( . . ' ) ( DUVVURU R.L. REDDY ) $ /JUDICIAL MEMBER /CHENNAI, 8 /DATED: SEPTEMBER 19, 2018. TLN 3 )$9: ;: /COPY TO: 1. ( /APPELLANT 4. < /CIT 2. )*( /RESPONDENT 5. : )$$ /DR 3. < ( ) /CIT(A) 6. % /GF