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Income Tax Appellate Tribunal, DELHI BENCH “A”: NEW DELHI
Before: SHRI SHAMIM YAHYA & SHRI ANUBHAV SHARMA
O R D E R PER ANUBHAV SHARMA, J. M.:
1. 1. Heard and perused the record.
2. The appeal has been preferred in regard to Assessment Year 2012- 13 and impugned assessment order dated 30.12.2016 u/s 143(3) of the Act has set aside the by the ld CIT(A)-23, New Delhi vide order dated 12.05.2017 in appeal No. 379/2016-17.
3. As the matter was called for hearing it surfaced that ld AO had made addition u/s 68 to the extent of Rs. 18 lakhs and under section 69 of Rs. 13,200/- total taxable income was rounded off to Rs. 17,81,330/-. The First Appellate Authority while passing its order dated 12.05.017 in 16 consolidated cases also referred to the fact that the assessed income was at Rs. 17,81,330/- and income tax effect of Rs. 9,56,813/-.
4. CBDT, vide Circular No.17/2019 dated 08.08.2019 has decided that the Revenue would not prefer an appeal before the Tribunal if the tax effect is less than Rs.50 lakhs. Page | 1