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Income Tax Appellate Tribunal, “A’’ BENCH: BANGALORE
Before: SHRI GEORGE GEORGE K. & SHRI B.R. BASKARAN
PER B.R. BASKARAN, ACCOUNTANT MEMBER:
The revenue has filed this appeal challenging the order dated 16.01.2008 passed by Ld. CIT(A)-1, Bengaluru.
This appeal was originally disposed of by this Tribunal on 21.08.2009, wherein appeal filed by the revenue was allowed. Hence, the assessee challenged the order passed by the Tribunal by filing appeal before Hon’ble High Court of Karnataka. The Hon’ble High Court, vide its order dated 10.01.2020 passed in of 2010 set aside the order passed by the Tribunal and restored all the issues to the file of the Tribunal for adjudicating them afresh. Accordingly, this appeal came to be placed before the Bench.
M/s. The Estate Sherieff Centre, Bangalore Page 2 of 2 3. At the time of hearing, the Ld. A.R. submitted that the tax effect involved in this appeal is less than Rs.50 lakhs being the monetary limit prescribed by CBDT in its Circular No.17/2019 dated 08.08.2019 for pursuing the appeal filed by the revenue.
The Ld. D.R. fairly admitted that the tax effect involved in this appeal is less than Rs.50 lakhs.
In view of the above, the revenue is precluded from pursuing this appeal as per the CBDT instructions referred above. Accordingly, we dismiss the appeal of the revenue being below monetary limit.
In the result, the appeal filed by the revenue is dismissed. Order pronounced in the open court on 22nd Apr, 2021