DCIT, NEW DELHI vs M/S. SAHARA INDIA MASS COMMUNICATION, LUCKNOW

Income Tax Appellate Tribunal, DELHI BENCH “D”: NEW DELHI

Before: SHRI AMIT SHUKLA & SHRI PRASHANT MAHARISHI

For Appellant: Shri Dinesh Verma, Adv

For Respondent: Shri Amit Jain, Sr. DR, Shri Dinesh Verma, Adv

Hearing: 26/07/2018Pronounced: 01/08/2018

PER PRASHANT MAHARISHI, A. M. 1. This appeal filed by the Department is directed against the order dated 20.02.2014 of ld CIT(A)-I, New Delhi for the Assessment Year 2000-01, wherein, penalty u/s 271(1)(c) of Rs. 19,50,000/- levied by the ld AO is deleted. 2. At the outset of the hearing itself, the ld. DR brought to our attention that CBDT vide Circular No.03/2018 dated 11TH July 2018 has decided that the revenue would not prefer an appeal before the Tribunal if the tax effect is less than Rs.20 lakhs. Therefore, he pleaded that the appeal of the revenue be decided as per the instruction of the CBDT. Ld AR also reiterated same facts. 3. We have heard both the sides on the issue and perused the material. We find that the CBDT vide circular dated 11th July 2018 has revised the monetary limit for filing the appeal by the department before Income Tax Page | 1

DCIT, NEW DELHI vs. M/S. SAHARA INDIA MASS COMMUNICATION, LUCKNOW