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Income Tax Appellate Tribunal, DELHI BENCH: ‘A’, NEW DELHI
Before: SHRI H.S. SIDHU & SHRI ANIL CHATURVEDI
filed the Cross Objection against the impugned order dated 25.7.2016 passed by the Ld. CIT(A)-24, New Delhi relevant to assessment year 2012-13.
At the time of hearing both the parties agreed that in the aforesaid Revenue Appeal the tax effect involved is less than Rs. 50 lacs and therefore, the same should be dismissed. At the same time, Ld. AR for the assessee submitted that he is not pressing the Cross Objection filed by the Assessee in the aforesaid Revenue Appeal, hence, the same may also be dismissed as not pressed.
Keeping in view of the statements made by both the partiers and in view of the Instructions of CBDT circulated vide Circular No.17/2019 Dated 08.08.2019, the Revenue’s Appeal as well as Assessee’s Cross Objection stand dismissed.
In the result, the Revenue’s Appeal as well as Assessee’s Cross Objection stand dismissed.
The decision was pronounced in the Open Court on 17.12.2020.