The Income-tax Officer, Ward- 1(3), Kochi v. Lumier Film Company
[Citation -2019-LL-0904-29]
Citation | 2019-LL-0904-29 |
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Appellant Name | The Income-tax Officer, Ward- 1(3), Kochi |
Respondent Name | Lumier Film Company |
Court | ITAT-Cochin |
Relevant Act | Income-tax |
Date of Order | 04/09/2019 |
Assessment Year | 2008-09 |
Judgment | View Judgment |
Keyword Tags | monetary limit • tax effect |
Bot Summary: | PAN : AACFL9719R. Appellant by : Smt.A.S.Bindhu, Sr.DR Respondent by : Sri.Prasanth Sreenivas Date of Date of Hearing : 04.09.2019 Pronouncement : 04.09.2019 ORDER Per George George K, JM This appeal at the instance of the Revenue is directed against the order of the Commissioner of Income-tax s dated 13.12.2016. It is observed that the tax effect in the appeal filed by the Revenue is less than Rs.50 lakh, and therefore, the Circular No. 17/2019 dated 8th August, 2019, issued by the Central Board of Direct Taxes in exercise of its power vested under Sec. 2 of the said circular, it is stated that in cases where the tax effect in the appeal to be filed before the Appellate Tribunal does not exceed Rs. 50 lakh, appeal should not be filed. Thus, taking a note of CBDT Circular No. 17/2019 dated 8th August, 2019 and considering the fact that the tax effect in the instant appeal is less than Rs.50 lakh, the present appeal deserve to be dismissed, as not maintainable. At the same time, we also make it clear that if the appeal fall in any of the exceptions referred to in the above said CBDT Circular, the Revenue is at liberty to move an application for recalling the order, if so, advised. Accordingly in the light of CBDT Circular No.17/2019 dated 08th August, 2019, the appeal stands dismissed. In the result, the appeal filed by the Revenue is dismissed. |