ITO (EXEMPTIONS), WARD-I,, CHENNAI vs. THE SOUTH INDIAN FILM CHAMBER OF COMMERCE, CHENNAI

Both the appeals filed by the Revenue are directed against the common order of the ld. Commissioner of Income Tax (Appeals) 17, Chennai dated 09.04.2019 relevant to the assessment years 2012-13 and 2013-14.

At the time of hearing the ld. Counsel for the assessee has submitted that the tax effect in both appeals filed by the Revenue are less than the monetary limit of ₹.50,00,000/- fixed by the CBDT to file an appeal by the Revenue before the Tribunal as per the CBDT Circular No. 17/2019, dated 08.08.2019. 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 appeal before the Tribunal, since the tax effect is less than ₹.50,00,000/- in these appeals and the appeals filed by the Revenue are liable to be dismissed. Accordingly, both the appeals filed by the Revenue are dismissed.

In the result, both the appeals filed by the Revenue are dismissed. Order pronounced on the 18th February, 2020 at Chennai.