ASSISTANT COMMISSIONER OF INCOME-TAX, CORPORATE CIRCLE 1(1), CHENNAI vs. DHANALAXMI JEWELLWERS (INDIA) PRIVATE LIMITED, CHENNAI
Facts
The revenue filed an appeal against the order of the CIT (NFAC) for assessment year 2017-18. The appeal was filed by the revenue with a tax effect less than Rs. 60,00,000/- and did not fall under any exceptions mentioned in the circular.
Held
The Tribunal heard both parties and, in light of Circular No. 9/2024 dated 17.09.2024, found the revenue's appeal to be not maintainable.
Key Issues
Whether the appeal filed by the revenue is maintainable considering the tax effect and relevant circulars.
Sections Cited
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, ‘A’ BENCH, CHENNAI
Before: SHRI MANU KUMAR GIRI, HON’BLE & SHRI S. R. RAGHUNATHA, HON’BLE
आयकर अपीलीय अिधकरण,‘ए’ �यायपीठ,चे�ई IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH, CHENNAI �ी मनु कुमार िग�र, �याियक सद�य एवं�ी एस. आर.रघुनाथा, लेखा सद�य के सम� BEFORE SHRI MANU KUMAR GIRI, HON’BLE JUDICIAL MEMBER AND SHRI S. R. RAGHUNATHA, HON’BLE ACCOUNTANT MEMBER आयकरअपीलसं./ITA No.: 421/Chny/2024 िनधा�रणवष� / Assessment Year: 2017-18 Dhanalaxmi Jewellers (India) Assistant Commissioner of v. Private Limited, Income Tax, 118, NSC Bose Road, Corporate Circle -1(1), Sowcarpet, Chennai. Tamil nadu – 600 079. [PAN: AADCD-8049-G] (अपीलाथ�/Appellant) (��यथ�/Respondent) अपीलाथ�क�ओरसे/Appellant by : Dr. Samuel Pitta, JCIT ��यथ�क�ओरसे/Respondent by : Shri. D. Anand, Advocate सुनवाई क� तारीख/Date of Hearing : 25.09.2024 घोषणा क� तारीख/Date of Pronouncement : 28.11.2024 आदेश /O R D E R PER S. R. RAGHUNATHA, ACCOUNTANT MEMBER:
This appeal by the revenue is filed against the order of the Commissioner of Income Tax, National Faceless Appeal Centre (NFAC), Delhi, for the assessment year 2017-18, vide order dated 23.12.2023.
At the outset, the ld.AR pointed out that being this appeal is filed by the revenue, wherein the tax effect is less
:-2-: ITA. No:421/Chny/2024 than Rs.60,00,000/- as shown in Form 36 and also does not come under the exception given in the circular.
The ld.DR fairly argued to the submissions of the ld.AR.
We have heard both the parties. Hence, in the light of Circular no. 9/2024 fated 17.09.2024, the appeal of the revenue is dismissed as not maintainable.
In the result, the appeal filed by the revenue is dismissed. Order pronounced in the open court on 28th November, 2024 at Chennai. Sd/- Sd/- (एस.आर.रघुनाथा) (मनु कुमार िग�र) (S. R. RAGHUNATHA) (MANU KUMAR GIRI) लेखा सद�/Accountant Member �ाियक सद�/Judicial Member चे�ई/Chennai, �दनांक/Dated, the 28th November, 2024 JPV आदेशकी�ितिलिपअ�ेिषत/Copy to: 1. अपीलाथ�/Appellant 2. ��थ�/Respondent 3.आयकर आयु�/CIT– Chennai 4. िवभागीय �ितिनिध/DR 5. गाड� फाईल/GF
