DCIT (EXEMPTION), UTTAR PRADESH vs. M/S. WOODSTOCK SCHOOL, MUSSOORIE

We find that the assessee filed the return declaring nil income. The Assessing Officer made the addition of 64,26,645/- by disallowing the payment made to MARCPL. On appeal, learned CIT(A) allowed the same. The Revenue is in appeal against the relief allowed by the learned CIT(A). Thus, the total disputed addition before the ITAT is `64,26,645/-, 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 Senior DR agreed with the same.

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 11.01.2019.