ITO, NEW DELHI vs. SH. NARENDRA BHUTANI, NEW DELHI

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ITA 6523/DEL/2015Status: DisposedITAT Delhi24 September 2019AY 2012-132 pages

In favour of the assessee: the Revenue's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal, in light of CBDT Circular No. 17/2019, which is applicable to pending appeals, decided to dismiss the revenue's appeal.

What were the facts?

The revenue filed an appeal before the Income Tax Appellate Tribunal. The tax effect in the appeal was below the monetary limit prescribed by the CBDT.

What were the issues?

The primary issue was whether the revenue's appeal should be dismissed due to the low tax effect, as per CBDT circulars.

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, DELHI ‘D’ BENCH,

Before: SHRI N.K. BILLAIYA & SH. KULDIP SINGH

Hearing: 24.09.2019Pronounced: 24.09.2019

PER N. K. BILLAIYA, AM:

1.

The above captioned appeal by the revenue is taken up as in this appeal the tax effect is less than the monetary limit fixed by the CBDT in its circular No.17/2019 dated 08.08.2019.

2.

Vide letter dated 20.08.2019 addressed to all the Principal Chief Commissioners of Income Tax, the board has clarified that circular No.17/2019 is applicable to all pending appeals.

3.

In the light of the CBDT Circular No.17/2019 the above appeal by the revenue is dismissed.

4.

In the result, the appeal filed by the Revenue stand dismissed.

The order is pronounced in the open court on 24.09.2019.

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