DCIT CENTRAL CIRCLE 2(4), CHENNAI vs. KERRY RELIABLE LOGISTICS P LTD., CHENNAI

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ITA 1956/CHNY/2018Status: DisposedITAT Chennai15 October 2019AY 2014-153 pages

In favour of the assessee: the Revenue's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal noted that as per CBDT Circular No. 17/2019, appeals with a tax effect below ₹50 lakhs should not be filed. Therefore, the appeals were dismissed as not maintainable.

What were the facts?

The Revenue filed appeals before the ITAT for assessment years 2011-12 to 2014-15. The tax effect in all these appeals was less than ₹50 lakhs.

What were the issues?

Whether appeals with a tax effect below the prescribed monetary limit by CBDT are maintainable before the ITAT.

Which sections of the Income-tax Act were involved?

Section 268A(1)

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, ‘C’ BENCH : CHENNAI

Before: SHRI INTURI RAMA RAO & SHRI DUVVURU RL REDDY]

For Respondent: Shri. S. Sridhar, Advocate

आदेश / O R D E R PER INTURI RAMA RAO, ACCOUNTANT MEMBER These are appeals filed by the Revenue directed against common order of the Learned Commissioner of Income Tax to 1956 /2018 :- 2 -:

1.

(Appeals)-18, Chennai, dated 05.03.2018 for the assessment years 2011-12, 2012-13, 2013-14 & 2014-2015.

It is stated before us that the tax effect in all these cases 2. are less than �50 lakhs and therefore, the Circular No. 17/2019 dated 08.08.2019 issued by the Central Board of Direct Taxes (CBDT) in exercise of its power vested under Sec. 268A(1) of the IT Act comes into play wherein, the monetary limit for filing the appeal by the Revenue before the ITAT and various High Courts as well as Apex Court are revised with an object of the reducing the tax litigation. Vide para 3 of the said circular (supra) it is stated that in cases where the tax effect in the appeals to be filed before the Appellate Tribunal does not exceed � 50 lakhs appeals should not be filed. Thus taking a note of CBDT Circular No. 17/2019, dated 08.08.2019 and considering the fact that the tax effect in the instant appeals are less than �50 lakhs, the present appeals deserves to be dismissed as not pressed / not maintainable. However, we make it clear that the issues raised in the instant appeals are left open to be examined in the appropriate proceedings, if arises, in future. At the same time, we also make it clear that if the appeals fall in any of the exceptions referred to in the above said CBDT Circular, the Revenue is at liberty to move an application for recalling the order if so advised. Accordingly, in the to 1956 /2018 :- 3 -: light of CBDT circular No.17/2019 dated 08/08/2019, the appeals filed by the Revenue stand dismissed.

3.

In the result, the appeals filed by the Revenue stand dismissed.

Order pronounced on 15th day of October 2019, at Chennai.

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