The Assistant Commissioner of Income-tax, Central Circle- 3(1), Chennai v. Kaivallya Entertainment (P) Ltd
[Citation -2019-LL-0903-94]

Metadata

Citation 2019-LL-0903-94
Appellant Name The Assistant Commissioner of Income-tax, Central Circle- 3(1), Chennai
Respondent Name Kaivallya Entertainment (P) Ltd.
Court ITAT-Chennai
Relevant Act Income-tax
Date of Order 03/09/2019
Assessment Year 2010-11
Judgment View Judgment
Keyword Tags monetary limit • tax effect
Bot Summary: Date of Pronouncement : 03.09.2019 ORDER PER N.R.S. GANESAN, JUDICIAL MEMBER: This appeal of the Revenue is directed against the order of the Commissioner of Income Tax-19, Chennai, dated 06.07.2017 and pertains to assessment year 2010-11. The assessee has filed a cross-objection against the very same order of the CIT(Appeals). The CBDT in its Circular No.17/2019 dated 08.08.2019 increased the monetary limit for filing appeal before this Tribunal and instructed its officers to withdraw all the appeals pending before the ITAT where the tax effect is less than 50 lakhs. The Revenue cannot proceed further in this appeal. The assessee has filed the cross-objection only to support the order of the CIT(Appeals). In the result, both the appeal of the Revenue and the cross- objection of the assessee stand dismissed. Order pronounced in the open court on 3rd September, 2019 at Chennai.

Judgment



,, IN INCOME TAX APPELLATE TRIBUNAL D BENCH, CHENNAI BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER ITA No.2449/Chny/2017 & C.O. No.8/Chny/2018 (in I.T.A. No.2449/Chny/2017) Assessment Year : 2010-11 Assistant Commissioner of M/s Kaivallya Entertainment (P) Ltd., Income Tax, v. 65/216, Srirambhavanam, Central Circle 3(1), Alwarpet Street, Chennai - 600018. Chennai - 600 034. PAN : AADCK0637K (Appellant) (Respondent & Cross-objector) Appellant by : Ms. R. Anitha, JCIT 01 Respondent by : Sh. J. Chandrashekharan, CA Date of Hearing : 03.09.2019 . Date of Pronouncement : 03.09.2019 ORDER PER N.R.S. GANESAN, JUDICIAL MEMBER: This appeal of Revenue is directed against order of Commissioner of Income Tax (Appeals)-19, Chennai, dated 06.07.2017 and pertains to assessment year 2010-11. assessee has filed cross-objection against very same order of CIT(Appeals). Hence, we heard both appeal and cross-objection together and disposing same by this common order. 2 I.T.A. No.2449/Chny/17 C.O. No.8/Chny/18 2. On hearing Ld. Departmental Representative, we find that tax effect in this case is less than `50 lakhs. CBDT in its Circular No.17/2019 dated 08.08.2019 increased monetary limit for filing appeal before this Tribunal and instructed its officers to withdraw all appeals pending before ITAT where tax effect is less than `50 lakhs. This Tribunal is of considered opinion that this Circular of CBDT is binding on officers of Department. Therefore, Revenue cannot proceed further in this appeal. Accordingly, this appeal stands dismissed. 3. assessee has filed cross-objection only to support order of CIT(Appeals). Therefore, cross-objection of assessee becomes infructuous. 4. In result, both appeal of Revenue and cross- objection of assessee stand dismissed. Order pronounced in open court on 3rd September, 2019 at Chennai. sd/- sd/- (Inturi Rama Rao) (N.R.S. Ganesan) Accountant Member Judicial Member Chennai, rd 7 Dated, 3 September, 2019. 3 I.T.A. No.2449/Chny/17 C.O. No.8/Chny/18 Kri. . 0 8 9 : 9 Copy to: 1. Appellant 2. 01 Respondent 3. ; CIT(A)-19, Chennai-34 4. Principal CIT, Central-2, Chennai 5. 9 0 DR 6. ) GF. Assistant Commissioner of Income-tax, Central Circle- 3(1), Chennai v. Kaivallya Entertainment (P) Ltd
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