ITO WARD 3, NAMAKKAL vs. S 318 RASIPURAM AGRICULTURAL PRODUCERS CO-OP. MARKETING SOCIETY LTD., NAMAKKAL

This appeal by the Revenue is directed against the order passed by the learned Commissioner of Income Tax(Appeals), Salem, dated 20.09.2018 in for the assessment year 2013-14 passed U/s. 250(6) r.w.s. 143(3) of the Act. At the time of hearing none appeared on behalf of the assessee, however on perusing the appeal it was observed that the appeal is not maintainable since the tax effect is below Rs.20 lakhs. The Ld.DR also could not controvert to the finding of the Bench.

The CBDT in its latest Circular No.3/2018 dated 11.07.2018 had fixed the monetary tax effect as Rs.20 lakhs for filing appeal before the Tribunal. Further, it is apparent from the orders of the Ld.Revenue Authorities that in the case of the assessee, tax effect is below Rs.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.