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Income Tax Appellate Tribunal, IN THE INCOME TAX APPELLATE TRIBUNAL
Before: SHRI & AND & SHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVASHRI SUDHANSHU SRIVASTAVA SHRI SUDHANSHU SRIVASTAVA
PER G.D. AGRAWAL, PER G.D. AGRAWAL, VICE PER G.D. AGRAWAL, PER G.D. AGRAWAL, VICE VICE PRESIDENT VICE PRESIDENT PRESIDENT :- PRESIDENT
This appeal by the Revenue for the assessment year 2011-12 is directed against the order of learned CIT(A)-10, New Delhi dated 30th June, 2016.
We find that in the present case, the total disputed addition before the ITAT is `49,44,510/-, on which the tax effect would be less than `20 lakhs. The CBDT in its Circular No.3/2018 dated 11th July, 2018 has revised the monetary limit for filing of the departmental appeals to the ITAT at `20 lakhs. Learned CIT-DR agreed with the same.
2 ITA-4724/Del/2016
In view of the above position, we deem it proper to dismiss the appeal of the Revenue in the light of the Circular No.3/2018 of CBDT dated 11th July, 2018.
In the result, the appeal of the Revenue is dismissed. Decision pronounced in the open Court on 15.01.2019.