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Income Tax Appellate Tribunal, “C’’ BENCH: BANGALORE
Before: SHRI B. R. BASKARAN & SMT. BEENA PILLAI
PER B.R. BASKARAN, ACCOUNTANT MEMBER:
The revenue has filed this appeal challenging the order dated 23-02-2018 passed by Ld CIT(A)-1, Bengaluru and it relates to the assessment year 2012-13. The revenue is challenging the decision of Ld CIT(A) in deleting the addition of Rs.75,15,900/- made by the AO u/s 36(1)(iii) of the Act.
At the outset, the Ld Counsel appearing for the assessee submitted that the tax effect involved in the quantum under dispute is less than Rs.50.00 lakhs and hence the revenue is precluded from pursuing this appeal as per the Circular No.17/2019 dated 08-08-2019 issued by CBDT.
The Ld D.R accepted the facts presented by Ld A.R.
M/s. AMR Power Pvt. Ltd., Bangalore
Page 2 of 2 4. Since the tax effect involved in this appeal is less than Rs.50.00 lakhs, the revenue is precluded from pursuing this appeal as per the Circular No.17/2019 dated 08-08-2019 issued by CBDT. Accordingly, we dismiss the appeal in limine. 5. In the result, the appeal of the revenue is dismissed. Order pronounced in the open court on 5th Nov, 2020