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Income Tax Appellate Tribunal, “D” BENCH, CHENNAI
Before: SHRI CHANDRA POOJARI & SHRI CHALLA NAGENDRA PRASAD
आदेश / O R D E R
PER CHANDRA POOJARI, ACCOUNTANT MEMBER
This appeal by the Revenue is directed against the order of the Commissioner of Income Tax (Appeals)-VI, Chennai, dated 26.04.2013 for the assessment year 2003-2004.
I.T.A.No.1735/Mds/2013 :- 2 -:
The crux of the ground of the Revenue is that the Commissioner of Income Tax (Appeals) erred in allowing deduction @10% u/s. 80HHC by accepting the workings furnished by the assessee.
We have heard both the parties and perused the material on record. As seen from the order of Commissioner of Income Tax (Appeals), the tax effect from this appeal is �3,65,698/- which is less than monetary limits fixed by the CBDT to file appeal by the Revenue as per CBDT circular No.5/2014, dated 10th July, 2014 wherein the monetary limit fixed at �4,00,000/- to file appeal before the Tribunal.
Being so, the Revenue authorities are precluded from filing of appeal in this case. Accordingly, this appeal is dismissed as non-admitted.
In the result, the Revenue’s appeal No. ITA 1735/Mds/2013 is dismissed.
Order pronounced on Monday, the 13th day of April, 2015, at Chennai.