DCIT 4 (3)(1), MUMBAI vs. QUEST PROFIN ADVISORS PVT LTD., MUMBAI

The Revenue has filed the appeal against order of CIT(A)-9, Mumbai passed u/s 143(3) r.w.s 147 and 250 of the Income Tax Act, 1961.

At the time of hearing, it was brought to the knowledge of the Bench that, the tax effect in the Quest Profin Advisors Pvt Ltd., Mumbai - 2 - appeal is below Rs.50 lakhs, therefore covered by CBDT Circular No. 17/2019. We find as per the CBDT Circular dated 08.08.2019, no appeal shall be filed by the revenue before the Hon’ble Tribunal where the tax effect is below Rs 50 lakhs. Further the circular of the CBDT is also applicable to the pending cases. Accordingly,we dismiss the revenue appeal on maintainability and low tax effect.

Incase, if the revenue is able to provide evidence that the case falls under any of the exceptions provided in the circular issued by the CBDT. The revenue may prefer miscellaneous application for recalling of this order, if they so desire, in which circumstances, this order shall be recalled by the Hon’ble Tribunal.