INCOME TAX OFFICER, WARD -3(2)(2), SURAT vs. SHRI PRAVINBHAI RATILAL PATEL, SURAT

िनधा�रतीकीओर से /Assessee by None राज�कीओर से /Revenue by Ms. Anupma Singla – Sr. DR सुनवाई की तारीख/ Date of hearing: 07.05.2021 उद्घोषणा की तारीख/Pronouncement on: 07.05.2021 आदेश /O R D E R PER PAWAN SINGH, JUDICIAL MEMEBER:

1. 1. This appeal by Revenue is directed against the order of ld. Commissioner of Income Tax (Appeals)-2, Surat, hereinafter referred as “Ld.CIT(A)”, dated 23.05.2017 for assessment year (AY) 2013-14.

2. This appeal comes up hearing on 29.04.2021. On perusal of grounds of appeal, we noted that the revenue has challenged the order of Ld. CIT(A) for allowing exemption under section 54B of Rs. 1,61,56,000/-, tax effect on which appears to be less than the monetary limit of Rs.50 lakhs, for filing appeal by revenue before Tribunal, as fixed by Central Board of Direct Taxes (CBDT) in its Circular No.17/2019 dated 08.08.2019. This fact was confronted with the Ld. Senior Departmental Representative (Sr.DR) for the Revenue. The Sr. DR for Revenue submitted that she may be allowed to call the working of the tax effect from the assessing officer. On her request the appeal was adjourn for 07/05/2021. On the direction of the Ld. Sr DR the assessing officer furnished the working of the tax effect vide his application dated 04.05.2021. As per the working of the