Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, IN THE INCOME TAX APPELLATE TRIBUNAL
Before: SHRI G.S. PANNU, VICE SHRI G.S. PANNU & BEFORE SHRI G.S. PANNU, VICE SHRI G.S. PANNU & SHRI SUDHANSHU SRIVASTAVASHRI SUDHANSHU SRIVASTAVASHRI SUDHANSHU SRIVASTAVASHRI SUDHANSHU SRIVASTAVA
PER G.S. PANNU, VICE PRESIDENT PER G.S. PANNU, VICE PRESIDENT : PER G.S. PANNU, VICE PER G.S. PANNU, VICE PRESIDENT PRESIDENT
This appeal by the Revenue for the assessment year 2004-05 is directed against the order of learned CIT(A)-11, New Delhi dated 27th October, 2017.
At the time of hearing, the learned counsel for the assessee has submitted that the tax effect in this appeal by the Revenue is below `50 lakhs. The CBDT in its Circular No.17/2019 dated 8th August, 2019 has revised the monetary limit for filing of the departmental appeals to 2 ITA-7852/Del/2017 the ITAT at `50 lakhs. He has, therefore, requested that the Revenue’s appeal may be dismissed.
Learned Senior DR agreed that the tax effect in this appeal of the Revenue is below `50 lakhs.
In view of the above position, we deem it proper to dismiss the appeal of the Revenue in the light of the Circular No.17/2019 of the CBDT dated 8th August, 2019, as not maintainable.
In the result, the appeal of the Revenue is dismissed.
Above decision was announced in the presence of both the parties on conclusion of Virtual Hearing on 28th October, 2020.