DCIT, CHENNAI V. K.K.Krishnan, CHENNAI

ITSSA 12/CHNY/2015

• Counselvise Citation: [2016] 122 COUNSELVISE.COM (IT) 1692 (ITAT-CHENNAI)
• Duration Of Justice: 8 month(s) 11 day(s)
• Appeal Type: Income Tax (Search & Seizure) Appeal
• Pronouncement Date: 31-03-2016
• Appeal Filed By: Department
• Bench Allotted: C
• Next Hearing Date: 23-03-2016
• Assessment Year: misc
• Appeal Filed On: 20-07-2015
• Court: TRIBUNAL
• Department Lawyers: PATHLAVATH PEERYA
• Assessee Lawyers: N VIJAYAKUMAR
• Keywords: Block assessment; Tax effect

Judgement Text

, , IN THE INCOME - TAX APPELLATE TRIBUNAL C BENCH, CHENNAI , . , BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER & SHRI DUVVURU RL REDDY , JUDICIAL MEMBER I.T. (SS) A.NO. 12 /MDS/2015 BLOCK ASSESSMENT PERIOD : 1991 - 92 TO 2001 - 02 THE DEPUTY COMMISSIONER OF INCOME TAX OFFICER , CENTRAL CIRCLE I(1), CHENNAI. VS. SHRI K.K. KRISHNAN, 284/1, TRIVENI COLONY, BALLY AREA, ANNA NAGAR WEST, CHENN AI 600 040. [PAN: A APPK2511D ] ( / APPELLANT ) ( / RESPONDENT ) / APPELLANT BY : SHRI PATHLAVATH PEERYA , CIT / RESPONDENT BY : SHRI N. VIJAYA KUMAR, C.A. / DATE OF HEARING : 23 . 0 3 .201 6 / DATE OF P RONOUNCEMENT : 31 . 0 3 .201 6 / O R D E R PER DUVVURU RL REDDY , JUDICIAL MEMBER : THIS APPEAL FILED BY THE REVENUE IS DIRECTED AGAINST THE ORDER OF THE LD. COMMISSIONER OF INCOME TAX (APPEALS) 18 , CHENNAI DATED 2 6 . 0 2 .201 5 RELEVANT TO THE BLOCK ASSESSMENT PERIOD 1991 - 92 TO 2001 - 02 (PART). 2. AT THE TIME OF HEARING THE LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT THE TAX EFFECT IN THE APPEAL FILED BY THE REVENUE IS LESS THAN THE MONETARY LIMIT OF .10,00,000/ - FIXED BY THE CBDT TO FIL E AN APPEAL BY THE I.T. (SS) A. NO . 12 /M/ 1 5 2 REVENUE BEFORE THE TRIBUNAL AS PER THE CBDT CIRCULAR NO. 21/2015, DATED 10.12.2015. THE LD. DR FAIRLY CONCEDED THE SUBMISSIONS MADE BY THE LD. COUNSEL FOR THE ASSESSEE. BEING SO, THE REVENUE AUTHORITIES ARE PRECLUDED FROM FILING THE APPE AL BEFORE THE TRIBUNAL, SINCE THE TAX EFFECT IS LESS THAN .10,00,000/ - IN THIS APPEAL. ACCORDINGLY, THE APPEAL FILED BY THE REVENUE IS DISMISSED AS UN - ADMITTED. 3 . IN THE RESULT, THE APPEAL FILED BY THE REVENUE IS DISMISSED. ORDER PRONOUNCED ON THE 31 S T MARCH , 20 16 AT CHENNAI. SD/ - SD/ - ( CHANDRA POOJARI ) ACCOUNTANT MEMBER ( DUVVURU RL REDDY ) JUDICIAL MEMBER CHENNAI, DATED, THE 31 . 0 3 .201 6 VM/ - / COPY TO: 1. / APPELLANT , 2. / RESPONDENT , 3. ( ) / CIT(A) , 4. / CIT , 5. / DR & 6. / GF.