The Income-tax Officer, Non-Corporate Ward 1(2), Chennai v. A.P. Jayashri
[Citation -2019-LL-0903-83]
| Citation | 2019-LL-0903-83 |
|---|---|
| Appellant Name | The Income-tax Officer, Non-Corporate Ward 1(2), Chennai |
| Respondent Name | A.P. Jayashri |
| Court | ITAT-Chennai |
| Relevant Act | Income-tax |
| Date of Order | 03/09/2019 |
| Assessment Year | 2011-12 |
| Judgment | View Judgment |
| Keyword Tags | monetary limit • tax effect |
| Bot Summary: | P AN: AGUPJ6983F / Appellant by : Shri AR.V. Sreenivasan, JCIT /Respondent by : Shri S. Sridhar, Advocate /Date of hearing : 03.09.2019 /D at e o f Prono uncement : 03.09.2019 / ORDER Per S.JAYARAMAN, AM: The Revenue filed this appeal against the order of the learned Commissioner of Income Tax-2, Chennai in ITA No.104/CIT(A)-2/2014-15 dated 29.06.2016 for the assessment year 2011-12. At the time of hearing, the Ld.AR submitted that the tax effect is below Rs.50 lakhs and hence the Revenue s appeal would be covered by the CBDT Circular No.17/2019 dated 08.08.2019, fixing the 2 ITA No.2734/Chny/2016 monetary limit of Rs.50 lakhs. The Ld.DR on verification admitted that the tax effect involved in the appeal is less than Rs.50 lakhs. On hearing both sides, we find that the tax effect in this case is less than Rs. 50 lakhs. The CBDT in its Circular No. 17/2019 dated 08.08.2019 instructed its officers to withdraw all the appeals pending before the ITAT where the tax effect is less than Rs. 50 lakhs. The Revenue cannot proceed further in this appeal. In the result, the appeal of the Revenue is dismissed. |