ACIT Corporate Circle 6(1) , CHENNAI V. Samco Metals & Alloys Pvt. Ltd. , CHENNAI

MA 48/CHNY/2020

• Counselvise Citation: [2022] 103 COUNSELVISE.COM (IT) 9602 (ITAT-CHENNAI)
• Duration Of Justice: 2 year(s) 8 month(s) 7 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 27-10-2022
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: D
• Next Hearing Date: 27-10-2022
• Assessment Year: 2004-2005
• Appeal Filed On: 19-02-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Audit objection; Tax effect

Judgement Text

आयकर अपीलीय अिधकरण, ’डी’ Ɋायपीठ, चेɄई IN THE INCOME-TAX APPELLATE TRIBUNAL ‘D’ BENCH, CHENNAI ŵी वी दुगाŊ राव Ɋाियक सद˟ एवं ŵी जी. मंजुनाथा, लेखा सद˟ के समƗ Before Shri V. Durga Rao, Judicial Member & Shri G. Manjunatha, Accountant Member M.P. No.48/Chny/2020 [In I.T.A. No.1782/Chny/2019] Assessment Year: 2004-05 The Deputy Commissioner of Income Tax, Corporate Circle 6(1), Chennai Vs. M/s. Samco Metals & Alloys Pvt. Ltd., Plot No. 29, III Cross Street, VGP Murthy Square, St. Thomas Mount, Chennai 600 116. [PAN:AAACS3109F] (Petitioner) (ŮȑथŎ/Respondent) Petitioner by : Shri AR V Sreenivasan, Addl. JCIT ŮȑथŎ की ओर से/Respondent by : None सुनवाई की तारीख/ Date of hearing : 28.10.2022 घोषणा की तारीख /Date of Pronouncement : 28.10.2022 आदेश /O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: The Revenue has filed the present Miscellaneous Petition against the order passed by the Tribunal in I.T.A. No. 1782/Chny/2019 dated 22.08.2019 relevant to the assessment year 2004-05. 2. By referring to the miscellaneous petition, the ld. DR has submitted the ITAT has dismissed the appeal of the Revenue on low M.P. No.48/Chny/20 2 tax effect as per CBDT Circular No. 17/2019 dated 08.08.2019 in conjunction with CBDT circular No. 3/2018 dated 11.07.2018 without considering the exceptional clause 10(c) of the circular, which is not in accordance with law. The ld. DR has submitted that on perusal of the records, this case comes under exception as stated in Para 10 of Circular No. 3/2018-19 (RAP audit objection involved) and prayed for recalling the appeal order for fresh adjudication. 3. None appeared on behalf of the assessee despite issuance of various notice of hearing. Hence, we proceed to decide the petition after hearing the ld. DR and considering the materials brought on record. 4. We have heard the ld. DR. We have also perused the copy of letter dated 30.10.2019 of the Assistant Commissioner of Income Tax, Corporate Circle 6(1), Chennai, wherein, the audit objection has been accepted by the Department and the case squarely falls under Para 10(c) of exceptions laid down in CBDT’s circular 3 of 2018 dated 11.12.2018. Under the above facts and circumstances, we, hereby, recall the order of the Tribunal in I.T.A. No.1782/Chny/2019 dated 22.08.2019 and restore the same for fresh adjudication. The Registry is M.P. No.48/Chny/20 3 directed to the post the appeal on regular course by issuing notices to both the parties. 5. In the result, the MP filed by the Revenue is allowed. Order pronounced in the open Court on 28 th October, 2022 at Chennai. Sd/- Sd/- (G. MANJUNATHA) ACCOUNTANT MEMBER (V. DURGA RAO) JUDICIAL MEMBER Chennai, Dated, 28.10.2022 Vm/- आदेश की Ůितिलिप अŤेिषत/Copy to: 1. अपीलाथŎ/Appellant, 2.ŮȑथŎ/ Respondent, 3. आयकर आयुƅ (अपील)/CIT(A), 4. आयकर आयुƅ/CIT, 5. िवभागीय Ůितिनिध/DR & 6. गाडŊ फाईल/GF.