The Deputy Commissioner of Income-tax, Circle–7(1)(2), Bangalore v. Veveo India Pvt. Ltd
[Citation -2019-LL-0828-27]
| Citation | 2019-LL-0828-27 |
|---|---|
| Appellant Name | The Deputy Commissioner of Income-tax, Circle–7(1)(2), Bangalore |
| Respondent Name | Veveo India Pvt. Ltd. |
| Court | ITAT-Bangalore |
| Relevant Act | Income-tax |
| Date of Order | 28/08/2019 |
| Assessment Year | 2012-13 |
| Judgment | View Judgment |
| Keyword Tags | income declared • tax effect |
| Bot Summary: | PAN: AABCV9504G APPELLANT RESPONDENT Assessee by Shri T. Suryanarayana, Advocate Revenue by Shri Ujjwal Kumar, JCIT Date of hearing 14.08.2019 Date of Pronouncement 28.08.2019 ORDER Per Shri A.K. Garodia, Accountant Member This appeal is filed by the revenue and the C.O. is filed by the assessee and these are directed against the order of ld. We find that in this case, as per the return of income filed by the assessee, income declared was Rs. 2,38,10,300/- and assessed income was Rs. 3,22,27,430/- after making addition of Rs. 84,17,130/-. CIT(A) and against the same, the appeal was filed by the revenue and the C.O. is filed by the assessee which is merely in support of the order of ld. As per the latest notification issued by CBDT, no appeal is required to be filed by the revenue before the Tribunal if the tax effect is below Rs. 50 Lakhs and since in the present case, the tax effect is below Rs. 50 Lakhs, the appeal of the revenue is not maintainable because of low tax. The C.O. filed by the assessee is in support of the order of ld. CIT(A) and since, the appeal of the revenue is dismissed as not maintainable, the C.O. is also not maintainable and dismissed accordingly. In the result, the appeal filed by the revenue and the C.O. filed by the assessee are dismissed. |