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Income Tax Appellate Tribunal, “B’’ BENCH: BANGALORE
Before: SHRI CHANDRA POOJARI & SMT. BEENA PILLAI
PER CHANDRA POOJARI, ACCOUNTANT MEMBER:
The revenue has filed this appeal challenging the order dated 25.08.2021 passed by Ld. CIT(A), National Faceless Appeal Centre, New Delhi and it relates to assessment year 2014-15.
At the time of hearing, the Ld. A.R. submitted that the tax effect involved in the quantum disputed by the revenue is less than Rs.50 lakhs and hence in view of the circular no.17/2019 dated 8.8.2019, the revenue is precluded from pursuing this appeal.
M/s. Canara Education Trust, Bangalore Page 2 of 2 3. We heard Ld. D.R. who did not dispute the factual aspects presented by Ld. A.R. Since the tax effect on the quantum in dispute is less than the monetary limit of Rs.50 lakhs prescribed by the CBDT in the circular referred above for preferring appeal before Tribunal by the revenue, the present appeal is liable to be dismissed. However, the revenue is given liberty to move appropriate application in accordance with law for recall of this order, if it is later found that the issue contested in the appeal is covered by any of the exceptions given in the circular.
In the result, the appeal of the revenue is dismissed. Order pronounced in the open court on 31st Mar, 2022