Dismissed

The Commissioner of Income Tax v. M/S. Gita Wind Energy

Madras HC7 Jul 2020TCA/776/2018

Case brief

AI extract

What is this about?

The High Court dismissed the Revenue 's Tax Case Appeal under Section 260A of the Income Tax Act, 1961 because the tax effect was below the Rs.1 Crore threshold specified in Circular No.17/2019 issued by the CBDT, though liberty was granted to restore the appeal if the limit is exceeded.

What did the court decide?

Tax Case Appeal dismissed due to low tax effect; liberty granted to restore if tax effect exceeds limit.

The Commissioner of Income Tax Vs M/S. Gita Wind Energy — Income Tax | Madras HC (2020)

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED : 07.07.2020

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CORAM

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THE HON'BLE MR.JUSTICE T.S.SIVAGNANAM &

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THE HON'BLE MRS.JUSTICE V.BHAVANI SUBBAROYAN

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Tax Case Appeal No.776 of 2018

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The Commissioner of Income Tax, Chennai. ... Appellant Vs.

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M/s.Gita Wind Energy 4/7, Thiru Vi Ka Road Mylapore, Chennai - 600 004. PAN : AAJFG7091A ... Respondent

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Tax Case Appeal is filed under Section 260A of the Income Tax Act 1961 against the order dated 30.11.2017 made in I.T.A.No.750/Mds/2017 on the file of the Income Tax Appellate Tribunal, Madras “D” Bench, Chennai, for the assessment year 2011 – 12 against the order of the Commissioner of Income Tax (Appeals)-2 Chennai dated 13.01.2010 and made in ITA 106 & 11/CIT(A)-2/2014-15 & 2015-16 and against the order of the Income Tax Officer, Busines Ward I(2) Chennai dated 26.03.2014 for the assessment year 2011-12 and the order of Income Tax Officer, Non-Corporate Ward 1(2), Chennai.

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For Appellant: Mrs.R.Hemalatha Senior Standing Counsel

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For Respondent: Mr.A.S.Sriraman For Mr.S.Sridhar

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Judgment (Judgment was delivered by T.S.SIVAGNANAM.J)

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We have heard Mrs.R.Hemalatha, learned Senior Standing Counsel for the appellant and Mr.A.S.Sriraman, learned counsel for the respondent.

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This appeal, filed by the Revenue under Section 260A of the Income Tax Act, 1961 is directed against the order dated 30.11.2017 made in I.T.A.No.750/Mds/2017 on the file of the Income Tax Appellate Tribunal, Madras “D” Bench, Chennai, for the assessment year 2011 - 12.

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https://hcservices.ecourts.gov.in/hcservices/

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The learned Senior Standing Counsel for the appellant submits that the above appeal is not pursued by the Revenue on account of the low tax effect in terms of Circular No.17/2019 dated 08.8.2019 issued by the Central Board of Direct Taxes. By the said Circular, the monetary limit for filing or pursuing an appeal before the High Court has been increased to Rs.1 Crore. It is further submitted that the tax effect in this case is less than the threshold limit.

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In the light of the said submissions, the above tax case appeal is dismissed on account of the low tax effect. In the event the tax effect is above the threshold limit fixed in the said circular, liberty is granted to the Revenue to make a mention to this Court to restore the appeal to be heard and decided on merits.

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Sd/Assistant Registrar(CS-I) //True copy// Sub Assistant Registrar raja Index : yes/no Internet : yes/no Speaking Order/Non-Speaking Order To 1.The Income Tax Appellate Tribunal, “D” Bench, Chennai.

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The Commissioner of Income Tax, (Appeals)-5, Chennai-34. 3. The Income Tax Officer, Busines Ward I(2), Chennai. 4. The Commissioner of Income Tax (Appeals)-2, Chennai.

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The Income Tax Officer, Non-Corporate Ward 2(2), Chennai.

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Tax Case Appeal No.776 of 2018

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MP(CO) https://hcservices.ecourts.gov.in/hcservices/ GMY(10/09/2020)

The Commissioner of Income Tax v. M/S. Gita Wind Energy

Case brief

What is this about?

What did the court decide?

The Commissioner of Income Tax v. M/S. Gita Wind Energy

Case brief

What is this about?

What did the court decide?

What the court decided

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