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Income Tax Appellate Tribunal, ‘C’ BENCH, CHENNAI
Before: SHRI CHANDRA POOJARI & SHRI G. PAVAN KUMAR
सुनवाई क� तार�ख/Date of Hearing : 31-12-2015 घोषणा क� तार�ख /Date of Pronouncement : 06-01-2016 आदेश / O R D E R PER G. PAVAN KUMAR, JUDICIAL MEMBER:
The appeal filed by the Revenue is directed against order of Commissioner of Income-tax (Appeals)-6, Chennai in Dated 06.03.2015 for the assessment year 2007-2008 passed u/s.143(3) r.w.s.147 and 250 of the Income Tax Act, 1961.
Revenue raised ground against the order of Commissioner of Income Tax (Appeals) deleting the addition of proportionate interest expenditure of the Assessee.
ITA No.1922/Mds/2015. :- 2 -:
None appeared for the assessee. We have taken up the case to decide on merits after hearing the ld. Departmental Representative. As seen from the order of lower authorities, the tax effect in this appeal is �5,53,652/- which is less than monetary limit of � 10,00,000/- fixed by the CBDT to file an appeal by the Revenue before the Tribunal as per the CBDT Circular No.21/2015, Dated 10th December, 2015. Being so, the Revenue authorities are precluded from filing the appeal before the Tribunal, as the tax effect is less than �10,00,000/- in this appeal. Accordingly, this appeal is dismissed as non-admitted.
In the result, the appeal of the Revenue in is dismissed.
Order pronounced on Wednesday, the 6th day of January, 2016, at Chennai.