THE INCOME TAX OFFICER, WARD-2(1), , VISAKHAPATNAM vs. PYDI GIRIDHAR BABU,, VISAKHAPATNAM

The Revenue Department has preferred this appeal against the order dated 14-09-2020 impugned herein passed by the Ld. Commissioner of Income Tax (Appeals)-1 [(for short, “ld. Commissioner”], Visakhapatnam u/s 250(6) of the Act, 1961 (hereinafter called as the „Act‟) for the A.Y. 2012-13.

2 (Pydi Giridhar Babu) 2. At the outset it is observed that tax effect involved in the appeal under consideration is neither more than Rs. 50 lacs nor the case is based upon any of the exceptions prescribed in CBDT Circular No.17/2019, dated 08.08.2019 read with Circular No.03/2018, whereby the Revenue Department is precluded from filing the appeal before appellate tribunal against the order of ld. Commissioner, in which the tax effect does not exceed Rs.50,00,000/- as specified in the Circular and the CBDT Clarification dated 20th August 2019 whereby it is clarified that revised monetary limits so mentioned in the circular 17/2019 is applicable to all pending SLPs/Appeals/ Cross Objections/ References. Hence the instant appeal deserves dismissal as withdrawn being not maintainable.