ITO vs M/S Graduates Co-Operative Credit… | ITAT Bangalore 2017

Income Tax Appellate Tribunal, BANGALORE BENCH ‘SMC-B’, BANGALORE

Before: SHRI A.K.GARODIA, ACCOUNANT MEMBER

For Appellant: Shri Ramasubramanian, C. A

For Respondent: Shri Palani Kumar, Addl. CIT

O R D E R PER A. K. GARODIA, A.M.: This appeal is filed by the revenue which is directed against the order of CIT (A) – (6) Bengaluru dated 20.02.2017 for A. Y. 2012 – 13.

At the very outset, it was pointed out by the bench that the assessed income is Rs. 17,66,930/- only as against returned income of Rs. NIL and therefore, even if the entire addition is deleted by CIT (A) and appeal is filed by the revenue for entire such deletion than also, the tax effect will be much below Rs. 10 lacs and as peer the latest CBDT instructions, the revenue is not supposed to file an appeal before the tribunal if tax effect is less than Rs. 10 Lacs. The bench wanted to know as to how this appeal is maintainable because of low tax effect. In reply, Learned DR of the revenue had nothing to say and he simply supported the assessment order.

In view of the above discussion, this appeal of the revenue is dismissed as not maintainable on account of low tax effect.

In the result, the appeal of the revenue is dismissed.

Order pronounced in the open court on the date mentioned on the caption page.

INCOME TAX OFFICER WARD-6(2)(1), BANGALORE vs. M/S GRADUATES CO-OPERATIVE CREDIT SOCIETY LTD , BANGALORE