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Income Tax Appellate Tribunal, INDORE BENCH, INDORE
Before: Shri Kul Bharat, Hon’ble & Shri Manish Borad, Hon’ble
per this circular department shall not file the appeal before the
Income Tax Appellate Tribunal (ITAT) in case the effect of tax does
not exceed the monetary limit of Rs.20 lacs. It is further specified
Sanghvi Metal Processing and Manufacturing Pvt.Ltd ITA 416/Ind/2017 in Para 13 of the CBDT Circular No.3/2018 that the circular will
also apply retrospectively on all the pending appeals/cross
objections if the tax effect is below the specified tax limit and such
appeals shall be withdrawn/not processed. It is also accepted by
both the parties that the issue raised in this appeal does not fall in
any of the exceptions provided in para 10 of the circular. We
therefore without going in to the merits of the case, dismiss the revenue’s appeal in lemine on account of low tax effect.
In the result appeal of the revenue is dismissed.
Order pronounced in open Court on 26 July, 2018.
Sd/- Sd/- ( KUL BHARAT) (MANISH BORAD) JUDICIAL MEMBER ACCOUNTANT MEMBER July 26 , 2018 /Dev