ACIT, CHENNAI v. Gulf Ashley Motor Ltd., CHENNAI

ITA 2066/CHNY/2016 | 2006-2007
Pronouncement Date: 18-10-2016 | Result: Dismissed

Appeal Details

RSA Number 206621714 RSA 2016
Assessee PAN AACCG1194Q
Bench Chennai
Appeal Number ITA 2066/CHNY/2016
Duration Of Justice 3 month(s) 12 day(s)
Appellant ACIT, CHENNAI
Respondent Gulf Ashley Motor Ltd., CHENNAI
Appeal Type Income Tax Appeal
Pronouncement Date 18-10-2016
Appeal Filed By Department
Order Result Dismissed
Bench Allotted C
Tribunal Order Date 18-10-2016
Date Of Final Hearing 18-10-2016
Next Hearing Date 18-10-2016
Assessment Year 2006-2007
Appeal Filed On 06-07-2016
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH CHENNAI . . . . . ! ' # $% BEFORE SHRI N.R.S. GANESAN JUDICIAL MEMBER AND SHRI D.S. SUNDER SINGH ACCOUNTANT MEMBER ./ ITA NO.2066/MDS/2016 & CO NO.122/MDS/2016 & '& /ASSESSMENT YEAR : 2006-07 THE ASSISTANT COMMISSIONER OF INCOME TAX CORPORATE CIRCLE 2(1) CHENNAI 600 034. V. M/S.GULF ASHLEY MOTOR LIMITED 1 SARDAR PATEL ROAD GUINDY CHENNAI 600 032. PAN : AACCG 1194 Q ( () /APPELLANT) ( *+() /RESPONDENT/ CROSS OBJECTOR) ASSESSEE BY : SHRI N. VENKATARAMAN C.A. DEPARTMENT BY : SHRI A.V.SREEKANTH JCIT -# /DATE OF HEARING : 18.10.2016 ./' -# /DATE OF PRONOUNCEMENT : 18.10.2016 /O R D E R PER N.R.S. GANESAN JUDICIAL MEMBER: THE REVENUE FILED THE PRESENT APPEAL AGAINST THE ORDER OF CIT (A) -6 CHENNAI DATED 29.04.2016 FOR THE ASSESSMENT YEA R 2006-07. THE ASSESSEE HAS ALSO FILED CROSS OBJECTION. THEREFORE WE HEARD THE APPEAL 2 I.T.A. NO.2066/MDS/2016 & C.O. 122/MDS/2016 OF THE REVENUE AND CROSS OBJECTION OF THE ASSESSEE TOGETHER AND DISPOSING OFF THE SAME BY THIS COMMON ORDER. 2. WHEN THE APPEAL WAS TAKEN UP FOR HEARING SHRI A .V.SREEKANTH THE LEARNED DEPARTMENT REPRESENTATIVE VERY FAIRLY C ONCEDED THAT THE TAX EFFECT INVOLVED IN THIS CASE IS LESS THAN RS.10 00 000/-. WE HAVE ALSO CAREFULLY GONE THROUGH THE MATERIAL AVAILABLE ON RE CORD INCLUDING THE IMPUGNED ORDER OF BOTH THE AUTHORITIES BELOW. AS RI GHTLY SUBMITTED BY THE LEARNED DEPARTMENT REPRESENTATIVE AND SHRI N.VE NKATARAMAN THE LEARNED REPRESENTATIVE FOR THE ASSESSEE THE TAX EF FECT INVOLVED IN THIS APPEAL IS LESS THAN RS.10 00 000/-. THEREFORE THIS TRIBUNAL IS OF THE CONSIDERED OPINION THAT IN VIEW OF THE CIRCULAR OF THE CBDT INSTRUCTING ITS OFFICERS NOT TO FILE AN APPEAL BEFORE THIS TRIBUNAL WHEREVER THE TAX EFFECT IS LESS THAN RS.10 00 000/- THE APPEAL FILED BY TH E REVENUE IS NOT MAINTAINABLE BEFORE THIS TRIBUNAL. ACCORDINGLY THE APPEAL OF REVENUE STANDS DISMISSED. 3. THE ASSESSEE HAS FILED THE CROSS OBJECTION ONLY TO SUPPORT THE ORDER OF THE CIT(A). THEREFORE THE CROSS OBJECTION BECOMES INFRUCTUOUS. 3 I.T.A. NO.2066/MDS/2016 & C.O. 122/MDS/2016 4. IN THE RESULT BOTH THE APPEAL OF THE REVENUE AN D CROSS OBJECTION OF THE ASSESSEE ARE DISMISSED. ORDER PRONOUNCED ON 18 TH OCTOBER 2016 AT CHENNAI. SD/- SD/- ( . . ! ' ) ( . . . ) (D.S. SUNDER SINGH) (N.R.S. GANESAN) # /ACCOUNTANT MEMBER /JUDICIAL MEMBER /CHENNAI 1 /DATED THE 18 TH OCTOBER 2016. SP. *-!2 32'- /COPY TO: 1. () /APPELLANT 2. *+() /RESPONDENT 3. 4- ( )/CIT(A) 4. 4- /CIT 5. 25 *- /DR 6. & 6 /GF.