DCIT CORPORATE CIRCLE 1(1), CHENNAI vs. V.SHANKAR, CHENNAI

This appeal filed by the Revenue is directed against the order of the Commissioner of Income Tax (Appeals) 1, Chennai dated 28.03.2018 relevant to the assessment year 2012-13.

At the time of hearing, the ld. Counsel for the assessee has submitted that the appeal filed by the Revenue is not maintainable since the tax effect is below ₹.20 lakhs. The Ld. DR also could not controvert to the finding of the ld. AR.

The CBDT in its latest Circular No.3/2018 dated 11.07.2018 had fixed the monetary tax effect as ₹.20 lakhs for filing appeal before the Tribunal. Further, it is apparent from the orders of the Revenue Authorities that in the case of the assessee, the tax effect is below ₹.20 lakhs which is also conceded by the ld. DR. Hence due to the instructions issued by the CBDT vide its Circular mentioned herein above, we hereby hold that the appeal filed by the Revenue is not maintainable and accordingly the appeal of the Revenue is dismissed.

In the result, the appeal filed by the Revenue is dismissed. Order pronounced on the 31st October, 2018 at Chennai.