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Income Tax Appellate Tribunal, DELHI BENCH: ‘I’ NEW DELHI
Before: SHRI G.S. PANNU & SHRI SAKTIJIT DEY
ORDER PER SAKTIJIT DEY, JUDICIAL MEMBER: This is an appeal by the Revenue against order dated 16.06.2014 of learned Commissioner of Income-Tax (Appeals)-2, Faridabad for the assessment year 2005-06.
We have heard Shri G.C. Srivastava, learned counsel appearing for the assessee and Shri Marinal Kumar Das, learned Departmental Representative.
It is a common point between the parties that the tax effect on the dispute arising in the present appeal is below the monetary limit of Rs.50,00,000 fixed for maintaining an appeal before the Tribunal in Circular No.17/2019 dated 08.08.2019 issued by the Central Board of Direct Taxes.
In view of the aforesaid submission of the parties, the present appeal having become infructuous is deemed to have been withdrawn, hence, dismissed.
In the result, the appeal is dismissed.
Order pronounced in the open court on 19th July, 2022.