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Income Tax Appellate Tribunal, DELHI BENCH ‘G’, NEW DELHI
Before: MS. SUSHMA CHOWLA & Sh. N.K. BILLAIYA
आदेश / ORDER आदेश आदेश आदेश
PER SUSHMA CHOWLA, JM:
The appeal filed by Revenue is against order of CIT(A)- 15, New Delhi, dated 29/12/2017 relating to assessment year 2014-15.
Despite of service of notice, none appeared on behalf of the assessee.
However, Ld. DR for the Revenue pointed out that the present appeal is to be withdrawn as the tax effect involved in the case is below Rs.50 Lakhs.
The CBDT vide Circular No.17/2019 dated 08/08/2019 has revised the monetary limit for filing the appeal before the Tribunal to Rs.50 Lakhs.
Further, CBDT vide letter dated 20/08/2019 has also clarified that Circular No.17/2019 would be applicable to all pending appeals. In such circumstances, the present appeal filed by the Revenue in case of low tax effect is not maintainable.
Before parting, we clarify here that the Revenue shall be at liberty to approach the Tribunal for re-institution of appeal, if the requisite material is brought to show that the appeal is protected by the exceptions prescribed in para 10 of the Circular dated 11/07/2018.
In conclusion, by applying the CBDT Circular dated 08/08/2019 and letter dated 20/08/2019 (supra), the appeal of the Revenue is dismissed as withdrawn/not pressed.