ACIT, COIMBATORE vs. KTM JEWELLERY LIMITED, COIMBATORE

When both the appeals are taken up for hearing, Shri AR.V. Sreenivasan, the Ld. Departmental Representative submitted that the tax effect involved in these appeals is less than the monetary limit fixed by the CBDT for filing appeal before this Tribunal. Therefore

We have also carefully gone through the cross objections filed by the assessee. The assessee has filed the cross objections only to support the order of the CIT(A). There is no independent ground raised. In view of the above, both the appeals of the Revenue and the cross objections of the assessee are dismissed.

In the result, the appeals filed by the Revenue and the cross objections filed by the assessee stand dismissed.