THE DEPUTY COMMISSIONER OF INCOME TAX, BHILAI(CG) vs. M/S P.S. STEEL TUBES LTD, BHILAI(CG)

IN THE INCOME TAX APPELLATE TRIBUNAL RAIPUR BENCH, RAIPUR BEFORE SHRI R. K. PANDA, ACCOUNTANT MEMBER AND MS. SUCHITRA KAMBLE, JUDICIAL MEMBER ITA No.109/RPR/2016 Assessment Year : 2012-13 DCIT- 1(1), M/s. P.S. Steel Tubes Ltd., Bhilai (CG). 27, Akash Ganga Complex, Vs. Supela, Bhilai (CG).

PAN : AABCP9233A (Appellant) (Respondent)

Department by : Shri Rituparan Namdeo, DR : Assessee by Shri R. B. Doshi, CA Date of hearing : 17-08-2018 Date of pronouncement : 17-08-2018 O R D E R PER R. K. PANDA, AM : This appeal filed by the Revenue is directed against the order dated 14.02.2016 of CIT(A)-II, Raipur (CG) relating to assessment year 2012-13. 2. The ld. counsel for the assessee, at the outset, submitted that the tax effect involved in the grounds raised by the Revenue is below Rs.20 lakhs. Therefore, in view of the latest CBDT Circular No.03/2018 [F.No.279/Misc.142/2007-ITJ (Pt)] dated 11th July, 2018 which is applicable even to pending appeals, the appeal filed by the Revenue is not maintainable. 3. The ld. DR on the other hand fairly conceded that the tax effect involved in the grounds raised by the Revenue is admittedly below Rs.20 lakhs.

2 ITA No.109/RPR/2016

admitted fact that the tax effect involved in the grounds raised by the Revenue is

less than Rs.20 lakhs. Therefore, in view of the latest CBDT Circular cited

(supra) raising the monetary limits for filing of the appeals before the Tribunal

which is applicable even to pending appeals, the appeal filed by the Revenue is

dismissed.

Order pronounced in the open Court at the time of hearing itself i.e. on this 17th August, 2018.

Sd/- Sd/- (SUCHITRA KAMBLE) (R. K. PANDA) JUDICIAL MEMBER ACCOUNTANT MEMBER Dated: 17-08-2018. Sujeet Copy of order to: - 1) The Appellant 2) The Respondent 3) The CIT 4) The CIT(A) 5) The DR, I.T.A.T., Raipur. By Order //True Copy// Sr. Private Secretary ITAT, Raipur