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Income Tax Appellate Tribunal, DELHI BENCH: ‘G’ NEW DELHI
Before: SHRI SAKTIJIT DEY & DR. BRR KUMAR
Revenue by Shri H.K. Chaudhary, CIT(DR) Respondent by S/Shri Ved Jain & Shri Ashish Sachdeva, Adv. Date of hearing 28.02.2022 Date of pronouncement 28.02.2022 ORDER
PER SAKTIJIT DEY : JUDICIAL MEMBER
This is an appeal by the Revenue against order dated 28.09.2017 of learned Commissioner of Income-Tax(Appeals)-40, Delhi, pertaining to the assessment year 2014-15.
At the outset, learned counsel for the assessee submitted that the tax effect on the amount disputed by the Revenue in the appeal is below the monetary limit of Rs.50,00,000. Thus, he submitted that the appeal of the Revenue is not maintainable.
Learned Departmental Representative fairly accepted the aforesaid factual position.
We have considered rival submissions and perused the material available on record. We find that the quantum of dispute in the present appeal is an amount of Rs.40,45,109.
Undisputedly, the tax effect on the quantum disputed works out to Rs.13,74,933, which is much below the monetary limit of Rs.50,00,000 fixed for filing of appeal before Income-Tax Appellate Tribunal, in terms of Circular No. 17/2019 of CBDT dated 8th August 2019.
In view of the aforesaid, the present appeal of the Revenue is deemed to have been withdrawn and accordingly dismissed.
In the result, the appeal is dismissed.
Order pronounced in the open court on 28.02.2022.