DCIT vs M/S the Ajay G Piramal… | ITAT Delhi 2019

Income Tax Appellate Tribunal, DELHI BENCH “G” NEW DELHI

Before: SHRI AMIT SHUKLA & SHRI L.P. SAHU

For Appellant: Shri F.R. Meena, Sr.D.R

For Respondent: Shri Ankit Agarwal, C.A

O R D E R PER AMIT SHUKLA, JUDICIAL MEMBER:

The aforesaid appeal has been filed by the Revenue against the impugned order dated 08.07.2016 passed by Commissioner of Income Tax (Appeals)-XL, New Delhi.

Admittedly, the tax effect on the disputed issue raised in the grounds of appeal is much below the new prescribed monetary limit for filing of appeal by the Department before the ITAT of Rs.20 lac vide CBDT Circular No. 03/2008 [F.No.279/Misc.142/2007-ITJ (Pt)] dated 11th July, 2018. Accordingly, the appeal of the Revenue is dismissed as non maintainable because of low tax effect.

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

DCIT (E), NEW DELHI vs. M/S THE AJAY G PIRAMAL FOUNDATION,, NEW DELHI