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Income Tax Appellate Tribunal, “B” BENCH : BANGALORE
Before: SHRI N.V. VASUDEVAN & SHRI B.R. BASKARAN
Date of hearing : 26.09.2019 Date of Pronouncement : 27.09.2019 O R D E R
Per N V Vasudevan, Vice President
This appeal by the revenue is against the order dated 10.03.2016 of the CIT(Appeals), Gulbarga relating to assessment year 2008-09.
It is not in dispute before us that the tax effect pertaining to the amount disputed by the Revenue in this appeal is less than the monetary limit of Rs.50 lakhs fixed by the CBDT in Circular No.17/2019, dated 08.08.2019, which is in supersession of its Circular No. 03/2018, dated 11.07.2018, in relation to filing of appeals before the Income Tax Appellate Tribunal. Taking into consideration the above, and also the fact that the CBDT Circular under reference applies retrospectively even to pending appeals, we hold that the above listed appeal filed by the Revenue is not maintainable and is liable to be dismissed in limine. Accordingly, the appeal is dismissed.
In the result, the appeal by the revenue is dismissed.
Pronounced in the open court on this 27th day of September, 2019.