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Income Tax Appellate Tribunal, ‘B’ BENCH, CHENNAI
Before: SHRI N.R.S. GANESAN & SHRI D.S. SUNDER SINGH
आयकर अपीलीय अिधकरण, ‘बी’ �यायपीठ, चे�ई IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH, CHENNAI �ी एन.आर.एस. गणेशन, �याियक सद�य एवं �ी िड.एस. सु�दर �संह, लेखा सद�य केसम� BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI D.S. SUNDER SINGH, ACCOUNTANT MEMBER आयकर अपील सं./ITA No. 3039/Mds/2016 िनधा�रण वष� / Assessment Year : 2000-01 The Asst. Commissioner of M/s. Chona Financial Services Pvt. Income Tax, v. Ltd., Corporate Circle 1(2), New No.46, Old No.19, Prakasam Chennai – 600 034 Street, T.Nagar, Chennai – 600 017. PAN:AAACC3031C (अपीलाथ�/Appellant) (��यथ�/Respondent) अपीलाथ� क� ओर से/Appellant by : Dr.B. Nischal, JCIT ��यथ� क� ओर से/Respondent by : Shri Ashit Agarwal, CA सुनवाई क� तारीख/Date of Hearing : 24.04.2017 घोषणा क� तारीख/Date of Pronouncement : 31.05.2017 आदेश आदेश /O R D E R आदेश आदेश PER N.R.S. GANESAN, JUDICIAL MEMBER:
This appeal of the Revenue is directed against the order of the Commissioner of Income Tax (Appeals)-1, Chennai dated 12.08.2016 and pertains to the assessment year 2000-01.
When the appeal is taken for hearing both the Ld. representative for the assessee Shri Ashit Agarwal and the Ld. representative for the Revenue Dr.B. Nischal submitted that the tax effect involved in this appeal is less than Rs.10 lakhs. In view of the latest circular issued by the Central Board of Direct Taxes (CBDT), instructed its officers not to file an appeal before this Tribunal, wherein the tax effect is less than Rs.10 lakhs. This Tribunal is of the considered opinion that the appeal filed by the Revenue is not maintainable. Accordingly the appeal of the Revenue stands dismissed.
In the result, the appeal of the Revenue stands dismissed.
Order pronounced on 31st May, 2017 at Chennai.