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Income Tax Appellate Tribunal, Hyderabad ‘ B ‘ Bench, Hyderabad
Before: Shri R.K. Panda & Shri Laliet Kumar
आयकर अपील�य अ�धकरण, हैदराबाद पीठ IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ B ‘ Bench, Hyderabad Before Shri R.K. Panda, Accountant Member AND Shri Laliet Kumar, Judicial Member Assessment Year: 2017-18 A.C.I.T Vs. Shri Sunil Narang Central Circle 1(2) Hyderabad Hyderabad PAN:ABFPN3762L (Appellant) (Respondent) Revenue by: Shri K. Madhusudan, CIT(DR) Assessee by: Shri P. Murali Mohan Rao, CA Date of hearing: 19/10/2022 Date of pronouncement: 19/10/2022 ORDER Per R.K. Panda, A.M This appeal filed by the Revenue is directed against the order dated 11.9.2020 of the learned CIT (A)-11, Hyderabad relating to A.Y.2017-18.
At the time of hearing, it has been brought to our notice that as per the CBDT Circulars No.03/2018 dated 11.7.2018 and Circular No.17 of 2019, dated 9th August, 2019, the tax limit for filing of appeal by the Revenue before the Tribunal has been fixed at Rs.50.00 lakhs. Since the tax effect in this appeal is less than Rs.50.00 lakhs, we are dismissing the same on account of low tax effect with the liberty to the Revenue to seek recall of the order, if the appeal falls within the exceptions mentioned in the circulars cited above.
In the result, appeal filed by the Revenue is dismissed as withdrawn. Order pronounced in the Open Court itself i.e. 19th October, 2022.