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Income Tax Appellate Tribunal, DELHI BENCH: ‘E’, NEW DELHI
Before: SHRI H.S. SIDHU & SHRI ANADEE NATH MISSHRA
The Revenue has filed the Appeal and the Assessee has filed the Cross Objection against the impugned order dated 27.02.2015 passed by the Ld. CIT(A)-24, New Delhi relevant to assessment year 2010-11.
At the time of hearing both the parties agreed that in the aforesaid Revenue Appeal the tax effect involved is less than Rs. 50 lacs and therefore, the same should be dismissed. At the same time, Ld. AR for the assessee also stated that he is withdrawing the Cross Objection by endorsing the remarks on the Form No. 36A i.e. “CO is withdrawn”.
Keeping in view of the statements made by both the parties; in view of the Instructions of CBDT circulated vide Circular No.17/2019 dated 08.08.2019 and after perusing the remarks made by the AR of the assessee on the Form No. 36A of the Cross Objection, the Revenue’s Appeal as well as Assessee’s Cross Objection stand dismissed.
In the result, the Revenue’s Appeal as well as Assessee Cross Objection stand dismissed. The decision is pronounced on 04.12.2019.