Commr. of Income Tax I, Vs Haritha Finance Ltd.

"Whether in the circumstances of the case, the Tribunal was right in holding that service charges can be accounted for over the tenure of the contract ?"

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Heard Mrs.R.Hemalatha, learned Standing Counsel for the

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(2)

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V.RAMASUBRAMANIAN,J AND N.KIRUBAKARAN,J

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RS

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Department and Mr.R.Venkatanarayanan, learned counsel for the respondent.

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The dispute that has led to the Revenue filing of the above appeal is with respect to the service charges to the extent of Rs.37,23,000/-. Since the amount of dispute is only to that extent, the tax liability arising out of the same would be less than Rs.20 lakhs.

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In view of the circular in Circular No.21/2015 dated 10.12.2015

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issued by the Central Board of Direct Taxes, the appeal is dismissed. The question of law is left unanswered. No costs.

03.2.2016

Internet : Yes

To

The Income Tax Appellate Tribunal, 'A' Bench, Chennai.

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T.C.A.No.987 of 2007

Commr. of Income Tax I, v. Haritha Finance Ltd.

Case brief

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Commr. of Income Tax I, v. Haritha Finance Ltd.

Case brief

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What did the court decide?

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