Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, DELHI FRIDAY BENCH ‘A’ : NEW DELHI
Before: SHRI G.S. PANNU & SHRI SUDHANSHU SRIVASTAVA
PER G.S. PANNU, VICE PRESIDENT
This appeal by the Revenue for the assessment year 2014-15 is directed against the order of learned CIT(A)-III, Kanpur dated 24.10.2018.
None appeared on behalf of the assessee on the date of hearing. The learned DR drew our attention to the letter of the Principal Commissioner of Income Tax(A), Ghaziabad wherein tax effect involved in the above case has been calculated at Rs. 46,43,996/-, which is below Rs. 50 lakh.
ITA 164/D/19 Assessment year 2014-15 3. The CBDT in its Circular No.17/2019 dated 8th August, 2019 has revised the monetary limit for filing of the departmental appeals to the ITAT at Rs. 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, as announced in the presence of the Departmental Representative at the conclusion of virtual hearing today.