Income Tax Appellate Tribunal - Chennai
Ito (Exemptions) Ward 1, Chennai vs K.T.A & G.R.S Educational Trust, ... on 24 February, 2020
आयकर अपील य अ धकरण, 'सी' यायपीठ, चे नई IN THE INCOME TAX APPELLATE TRIBUNAL 'C' BENCH : CHENNAI ी इंटूर रामा राव, लेखा सद य एवं ी ध ु व ु आर.एल रे डी, या यक सद य के सम [BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER AND SHRI DUVVURU RL REDDY, JUDICIAL MEMBER] आयकर अपील सं./I.T.A. Nos.1308, 1309, 1310 & 1311/CHNY/2019 नधा$रण वष$ /Assessment years : 2007-08, 2008-09, 2009-10 and 2011-2012.
The Income Tax Officer, Vs. M/s.KTA & GRS Educational Trust.
(Exemptions) MGR Nagar,
Ward 1, Patchur Post,
Chennai. Natrampallai,
Vellore 635 852.
[PAN AAIFK 8399Q]
(अपीलाथ /Appellant) ( यथ /Respondent)
अपीलाथ( क) ओर से/ Appellant by : Shri. I. Dinesh, Advocate
+,यथ( क) ओर से /Respondent by : Ms. S.Vijaya Prabha, Addl. CIT
सन
ु वाई क) तार ख/Date of Hearing : 24-02-2020
घोषणा क) तार ख /Date of Pronouncement : 24-02-2020
आदे श / O R D E R
PER BENCH:
These are appeals filed by the Revenue directed against order of the Learned Commissioner of Income Tax (Appeals)-17, :- 2 -: ITA Nos.1308 to 1311/2019 Chennai, dated 20.02.2019 for assessment years 2007-2008, 2008-09, 2009-10 and 2011-12.
2. It is stated before us that the tax effect in all these cases are less than Rs. 50 lakhs and therefore, the Circular No. 17/2019 dated 08.08.2019 issued by the Central Board of Direct Taxes (CBDT) in exercise of its power vested under Sec. 268A(1) of the IT Act comes into play wherein, the monetary limit for filing the appeal by the Revenue before the ITAT and various High Courts as well as Apex Court are revised with an object of the reducing the tax litigation. Vide para 3 of the said circular (supra) it is stated that in cases where the tax effect in the appeals to be filed before the Appellate Tribunal does not exceed Rs. 50 lakhs appeals should not be filed. Thus taking a note of CBDT Circular No. 17/2019, dated 08.08.2019 and considering the fact that the tax effect in the instant appeals are less than Rs. 50 lakhs, the present appeals deserves to be dismissed as not pressed / not maintainable. However, we make it clear that the issues raised in the instant appeals are left open to be examined in the appropriate proceedings, if arises, in future. At the same time, we also make it clear that if the appeals 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 :- 3 -: ITA Nos.1308 to 1311/2019 light of CBDT circular No.17/2019 dated 08/08/2019, the appeals filed by the Revenue stand dismissed.
3. In the result, the appeals filed by the Revenue stand dismissed.
Order pronounced on 24th day of February, 2020, at Chennai.
Sd/- Sd/-
(ध ु व
ु आर.एल रे डी) (इंटूर रामा राव)
(DUVVURU RL REDDY) (INTURI RAMA RAO)
या"यक सद#य/JUDICIAL MEMBER लेखा सद य/ACCOUNTANT MEMBER
चे नई/Chennai
2दनांक/Dated:24th February, 2020.
KV आदे श क) + त4ल5प अ6े5षत/Copy to:
1. अपीलाथ(/Appellant 3. आयकर आयु7त (अपील)/CIT(A) 5. 5वभागीय + त न<ध/DR
2. +,यथ(/Respondent 4. आयकर आयु7त/CIT 6. गाड$ फाईल/GF