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Income Tax Appellate Tribunal, DELHI BENCH ‘F’, NEW DELHI
Before: SHRI R.S.SYAL & SMT. BEENA A. PILLAI
ORDER PER BEENA A PILLAI, JUDICIAL MEMBER
Present appeal has been filed by Revenue against order dated 20.02.2015 of Ld.CIT(A), Meerut pertaining to A.Y. 2008-09. 2. None were present on behalf of assessee. 3. Heard Ld.Sr.D.R. 4. In pursuance to CBDT Circular No.3/2018 [(F.No.279/Misc.142/2007-ITJ(PT)] dated 11.07.2018, revising the monetary limit to Rs.20 lakhs for filing appeals before the Tribunal, it is observed that admittedly the tax effect in the present appeal is less than Rs.20 lakhs.
ITA 2929/Del/2015 A.Y:2008-09 DCIT vs. Prateek Resorts and Builders P Ltd. Going by the prescription of the afore noted Circular, it is palpable that the CBDT Instruction is applicable to the pending appeals also with retrospective effect, and there is a clear-cut direction to the Department to withdraw or not to press such appeals filed before the ITAT, wherein tax effect is less than Rs.20,00,000/-.