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Income Tax Appellate Tribunal, DELHI ‘E’ BENCH,
Before: SMT DIVA SINGH, & SHRI N.K. BILLAIYA
These two appeals by the Revenue and cross objection by the assessee are preferred against the common order of the Commissioner of Income Tax [Appeals] – XXVI, New Delhi dated 03.12.2015 pertaining to assessment years 2006-07 & 2007-08.
These two appeals by the Revenue have to be dismissed in the light of the CBDT Circular No. 3/2018 dated 11.07.2018 by which the Board has revised the monetary limit for filing of appeals by the department before the ITAT and the monetary limit has been fixed at Rs. 20 lakhs. The Board at Clause 13 of the said Circular has clarified as under:
“This Circular will apply to SLPs/appeals/cross objections/references to be filed henceforth in Supreme Court/High Court/Tribunal and it shall also apply retrospectively to pending SLPs/appeals/cross objections/ references. The pending appeals below the specified tax limit in para 3 above may be withdrawn/not pressed.”
In the light of the aforesaid CBDT Circular, the appeals filed by the Revenue are dismissed. The cross objection filed by the assessee has become otiose.
The order is pronounced in the open court on 16.08.2018.