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Income Tax Appellate Tribunal, HYDERABAD BENCHES “B”, HYDERABAD
Before: SHRI D.KARUNAKARA RAO & SHRI V.DURGA RAO
PER D.KARUNAKARA RAO, A.M. :
This appeal of Revenue is directed against the order of the Commissioner of Income Tax (Appeals)-3, Hyderabad, dated 22-01-2018.
At the time of hearing, it has been brought to our notice that as per the CBDT Circular No.03/2018 dated 11-07-2018 and Circular No.17 of 2019 dated 8th August, 2019, the tax limit for filing of appeal by the Revenue before the Tribunal has been fixed at Rs.50 Lakhs.
:- 2 -: ITA No. 614/Hyd/2018
After hearing Ld.DR and perusing the records as placed before us, we find that this appeal is covered by the aforesaid circulars and therefore, not maintainable, since the tax effect in this appeal is less than Rs.50 Lakhs and apparently the case is not covered by any of the exceptions in the circulars. We therefore dismiss this appeal on account of low tax effect. However, the Revenue is at liberty to seek recall of the order, if the case is found to be falling within the exceptions mentioned in the circulars cited above.
In the result, the appeal filed by Revenue is dismissed.
Order pronounced in the open court on 4th December, 2019
Sd/- Sd/- (V. DURGA RAO) (D. KARUNAKARA RAO) JUDICIAL MEMBER ACCOUNTANT MEMBER
Hyderabad, Dated 4th December, 2019 TNMM
:- 3 -: ITA No. 614/Hyd/2018
Copy to :
The Dy.Commissioner of Income Tax, Circle-3(1), Hyderabad.
Redpine Signals Inc., 9th Floor, Maximus Towers, 2B, Raheja Mind Space IT Park, Hitech City, Madhapur, Hyderabad.
CIT(Appeals)-3, Hyderabad.
Pr.CIT-3, Hyderabad. 5. D.R. ITAT, Hyderabad.
Guard File.