DCIT CORPORATE RANGE 1, CHENNAI vs. DISCOUNT STORE INDIA PVT LTD., CHENNAI

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ITA 1201/CHNY/2018Status: DisposedITAT Chennai20 December 2018AY 2014-152 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 the CBDT Circular No. 3/2018 instructs officers to withdraw appeals with a tax effect below Rs. 20 lakhs. The Tribunal considered this circular binding on the Department.

What were the facts?

The Revenue filed an appeal before the ITAT against the order of the CIT(A) for the assessment year 2014-15. The tax effect in this case was less than Rs. 20 lakhs.

What were the issues?

Whether the appeal filed by the Revenue should be withdrawn in light of the CBDT circular regarding appeals with low tax effect.

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, ‘C’ BENCH, CHENNAI

Before: SHRI N.R.S. GANESAN & SHRI ABRAHAM P. GEORGE

For Appellant: Shri V.M. Mahidar, JCIT
For Respondent: Shri K. Balasubramanian, Advocate
Hearing: 20.12.2018Pronounced: 20.12.2018

आदेश /O R D E R

PER N.R.S. GANESAN, JUDICIAL MEMBER:

1.

This appeal of the Revenue is directed against the order of the Commissioner of Income Tax (Appeals)-1, Chennai, dated 31.01.2018 and pertains to assessment year 2014-15.

2.

On hearing the Ld. Departmental Representative, we find that the tax effect in this case is less than `20 lakhs. The CBDT in its Circular No.3/2018 dated 11.07.2018 instructed its officers to withdraw all the appeals pending before the ITAT where the tax effect is less than `20 lakhs. This Tribunal is of the considered opinion that this Circular of CBDT is binding on the officers of the Department. Therefore, the Revenue cannot proceed further in this appeal. Accordingly, this appeal stands dismissed.

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