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Income Tax Appellate Tribunal, “F”
Before: SHRI C. N. PRASAD, JM & SHRIS. RIFAUR RAHMAN, AM
M/s Future Digital DCIT – 12 (2) (1) Room No. 223, 2nd Floor, Infotainment Pvt. Ltd. बिधम/ Sonali Nivas-2, Sonali AayakarBhavan, M. K. House, Durga Lane, Marg, Mumbai 400 020. Vs. Liberty Lane, Malad(E), Mumbai-400 064 स्थायीलेखासं./जीआइआरसं./ PAN No. AABCF3234D (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : अपीलाथीकीओरसे/ Appellant : Ms. Samatha M, DR by प्रत्यथीकीओरसे/Respondentby : None सुनवाईकीतारीख/ : 20.10.2020 Date of Hearing घोषणाकीतारीख / : 04.11.2020 Date of Pronouncement आदेश / O R D E R
Per S. Rifaur Rahman, Accountant Member:
The presentAppeal has been filed by the revenue against the order of Ld. Commissioner of Income Tax (Appeals) - 20 in short referred as ‘Ld. CIT(A)’, Mumbai, dated 20.02.2018 for Assessment Year (in short AY) 2013-14. M/s Future Digital Infotainment Pvt. Ltd.
At the outset, we notice none has appeared on behalf of the assessee inspite of calls. On the other hand, Ld. DR is present in the court. It is brought to our notice by Ld. DR that the tax effect of the relief granted by the Ld. Commissioner of Income Tax (Appeals) is below Rs. 50 lacs and as per Circular No.17 of 2019 dated 08.08.2019 issued by the Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, Government of India, the CBDT has revised the monetary limit for filing appeals before the ITAT from the existing limit of Rs. 20 lacs to Rs. 50 lacs.
The Ld. Departmental Representative (DR) submitted that due to low tax effect in this appeal, the revenue is withdrawing the present appeal by filing the withdrawal letter for the records.
We have gone through the order of the Ld. Commissioner of Income Tax (Appeals) and the grounds of appeals. We find that the tax effect in the above referred appeal is less than Rs. 50 lacs. Accordingly, we allow the department to withdraw the present appeal.