DCIT CORPORATE CIRCLE 2(2), CHENNAI vs. INDIAN ENERGY PRIVATE LTD., CHENNAI

This is an appeal filed by the Revenue against the order of the Commissioner of Income-tax (Appeals)-6, Chennai in dated 26.09.2017 for the assessment year 2008-09.

Mr.B.Ramakrishnan represented on behalf of the Assessee and Mr.B.Sagadevan represented on behalf of the Revenue.

When the appeal of Revenue is taken up for hearing, the representative of the Revenue and the Counsel for the assessee fairly submitted that the tax effect involved in the appeal of Revenue is less than `20 lakhs. It was a submission that the CBDT in its latest 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, the appeal filed by the Revenue stands dismissed.

In the result, the appeal filed by the Revenue is dismissed.