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Income Tax Appellate Tribunal, CHANDIGARH
Before: SH. SANJAY GARG
आदेश/ORDER
The present appeal has been preferred by the Revenue against the order dated 05.11.2019 of the Commissioner of Income Tax (Appeals)-1, Chandigarh. Hearing of the appeal has been done through Video Conferencing.
Shri Ashok Kumar Khanna, appearing on behalf of the Revenue inviting attention to the record submitted that in the facts of the present case, the tax effect involved is Rs. 3,53,080/-. Accordingly, in terms of the latest CBDT Circular dated 08.08.2019 wherein the Department has specified the monetary limit for an appeal to be filed by the Revenue
ITA-129/CHD/2020 A.Y. 2014-15 Page 2 of 2 before the ITAT as Rs. 50 lacs, permission to withdraw the appeal may be granted.
In view of the above submissions, the present appeal filed by the Department is dismissed due to low tax effect. It is, however, clarified that the dismissal of the above appeal shall not be taken to be affirmation of the order of the CIT(A) on merits. The legal issue raised by the Revenue is being left open to be adjudicated in an appropriate case.
In the result the appeal of the Revenue is dismissed.
Order pronounced in the Court on 26th November,2020.