ITAT dismissed appeal as tax effect was less than Rs 10 lakhs
ITAT dismissed appeal as tax effect was less than Rs 10 lakhs
The tax effect involved in the Revenue's appeal was below Rs.10 lakhs. On appeal, the ITAT held that in accordance with the CBDT Circular No 21/2015 dated 10.12.2015, where the tax effect after the order of CIT(A) would be less than Rs 10 lakhs, the appeal of the Revenue deserves to be dismissed. It dismissed the appeal.-501655
1. The tax effect involved in the Revenue's appeal was below Rs.10 lakhs.
On appeal, the ITAT held as under:
2. In accordance with the above CBDT Circular the tax effect after the order of the ld.CIT(A) would be less than Rs.10 lakhs, and therefore, the present appeal of the Revenue deserves to be dismissed being treated to be filed in violation of CBDT Instructions.
Case Reference - Income Tax Officer Vs. Shri Nain Singh.
IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH 'E E' : NEW DELHI
BEFORE SHRI G.D. AGRAWAL, VICE PRESIDENT AND
SMT. BEENA A. PILLAI, PILLAI, JUDICIAL MEMBER
ITA No. 2612/Del/2011
(Assessment Year : 1998-99)
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