ACIT CORPORATE RANGE 1, CHENNAI vs DHARANI SUGARS AND CHEMICALS PVT. LTD., CHENNAI

Income Tax Appellate Tribunal, ‘B’ BENCH : CHENNAI

Before: SHRI ABRAHAM P. GEORGE & SHRI DUVVURU RL REDDY]

For Respondent: Mr. N. Devanathan, Advocate

आदेश / O R D E R

PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER

This appeal of the Revenue is directed against an order dated 30.03.2018 of the Commissioner of Income-tax (Appeals)-1, Chennai.

Ld. Counsel for the assessee pointed out the tax effect in this case was less than �20,00,000/- and hence an appeal would not lie

ITA No.1890 /2018 :- 2 -: before this Tribunal by virtue of CBDT Circular No.3/2018, dated 11.07.2018.

Per contra, ld. Departmental Representative fairly agreed that the tax effect was less than �20,00,000/- and by virtue of para 13 of the Circular mentioned (supra) pending appeals below the specified tax limit had to be withdrawn/not pressed.

We have considered the rival contentions and perused the 4. orders of the authorities below. Considering the submissions of the ld. Authorised Representative and the tax effect in this appeal which is less than �20,00,000/-, appeal of the Revenue cannot survive.

ACIT CORPORATE RANGE 1, CHENNAI vs. DHARANI SUGARS AND CHEMICALS PVT. LTD., CHENNAI