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Income Tax Appellate Tribunal, ‘C’ BENCH : CHENNAI
Before: SHRI ABRAHAM P.GEORGE & SHRI GEORGE MATHAN
आदेश / O R D E R
PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER:
This appeal of the Revenue is directed against an order dated 19.05.2017 of the Commissioner of Income-tax (Appeals)-1, Chennai.
Ld. Counsel for the assessee at the outset submitted that 2.
Departmental appeal was against deletion of an addition of . :- 2 -: �14,47,931/-, by the ld. Commissioner of Income Tax (Appeals). As
per ld. Authorised Representative tax effect being less than twenty lakhs, by virtue of CBDT Circular No.3/2018, dated 11.07.2018, the appeal will not lie.
Per contra, ld. Departmental Representative fairly agreed 3.
that the tax effect thereof was less than the limit mentioned in the CBDT circular.
We have considered the rival contentions and perused the orders of the authorities below. By virtue of Circular No.03/2018, dated 11.07.2018, an appeal of the Revenue will not lie before this Tribunal where the tax effect is less than �20,00,000/-.
In the result, the appeal of the Revenue stands dismissed 5.
Order pronounced in the open court at the time of hearing on Thursday, the 12th June, 2018, at Chennai.