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Income Tax Appellate Tribunal, HYDERABAD BENCH “B”, HYDERABAD
Before: SHRI P. MADHAVI DEVI & SHRI A. MOHAN ALANKAMONY
ORDER PER P. MADHAVI DEVI, J.M.:
This appeal is filed by the revenue directed against the order of CIT(A) – 1, Hyderabad, dated 23/02/2015.
At the time of hearing it has been brought to our notice that as per the CBDT Circulars No.03/2018 dated 11.07.2018 and Circular No.17 of 2019 dated 9th August, 2019, the tax limit for filing of appeal by the Revenue before the Tribunal has been fixed at Rs.50.00 lakhs. Since the tax effect in this appeal is less than Rs.50.00 lakhs, we are dismissing the same on account of low tax effect with the liberty to the Revenue to seek recall of the order, if any of these cases falls within the exceptions mentioned in the Circulars cited above.
2 ITA.No. 668/Hyd/2015 Sri Nimmala Anjaiah, Hyd. 3. In the result, this appeal filed by the Revenue is dismissed.
3 ITA.No. 668/Hyd/2015 Sri Nimmala Anjaiah, Hyd. 4. In the result, appeal of the revenue is liable to be dismissed.
Pronounced in the open court on 5th October, 2020.