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Income Tax Appellate Tribunal, DELHI BENCHES: ‘C’, NEW DELHI
Before: SHRI RS SYAL & SMT. BEENA A PILLAI
ORDER
PER BEENA A PILLAI, JUDICIAL MEMBER
The appeal is filed by Revenue against order dated 08.12.2011 of Ld.CIT(A)-XV, New Delhi in relation to A.Y. 2003-04. Assessee has filed Cross Objection. Admittedly the tax effect in the present appeal is less than Rs.20 lakhs.
In terms of CBDT Circular No. 03 of 2018, dated 11th July, 2018 read with S.268A of the Income Tax Act, 1961, the Revenue should have either C.O.No.157/Del/12, A.Y. 2003-04 High Sky Finance & Investment Pvt.Ltd. not filed the present appeal, or should have withdrawn the same, as tax effect in this appeal is admittedly less than Rs. 20,00,000/-.
In view of the above, the appeal filed by Revenue is dismissed.
As we have dismissed revenue’s appeal, the Cross Objection filed by assessee becomes ‘infructuous’ and is dismissed as such.
In the result, appeal filed by Revenue as well as the C.O. filed by assessee both are dismissed.
Order pronounced in the Open Court on 20th September, 2018.