ACIT, NEW DELHI vs. M/S. LEKHRAJ AND SONS, NEW DELHI

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ITA 4617/DEL/2016Status: DisposedITAT Delhi16 September 2019AY 2008-092 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, dismissed the appeal filed by the revenue. The circular mandates dismissal of pending appeals where the tax effect is below the specified monetary limit.

What were the facts?

The revenue filed an appeal before the ITAT. The tax effect in the appeal was below the monetary limit prescribed by CBDT circular No. 17/2019. The circular was clarified to be applicable to all pending appeals.

What were the issues?

Whether the appeal filed by the revenue is to be dismissed based on the CBDT circular regarding monetary limits for appeals.

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, DELHI BENCH ‘D’, NEW DELHI

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

For Appellant: Dr. Vijay Kumar Chadha, Sr. DR
Hearing: 16/09/2019Pronounced: 16/09/2019

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 16.09.2019.

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