ACIT, NEW DELHI vs. M/S. ADITYA INFRADEVELOPERS PVT. LTD., NEW DELHI

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ITA 2541/DEL/2015Status: DisposedITAT Delhi01 August 2018AY 2010-113 pages

In favour of the assessee: the Revenue's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal held that the tax effect was below the monetary limit prescribed by CBDT Circular No. 3/2018 for preferring appeals. The Circular was binding on tax authorities and applied retrospectively to pending appeals.

What were the facts?

The Revenue filed an appeal before the ITAT challenging an order of the CIT(A). The tax effect involved in the appeal was Rs. 16,99,500.

What were the issues?

Whether the Revenue's appeal was maintainable given the low tax effect as per CBDT Circular No. 3/2018.

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, DELHI BENCH: ‘G’ NEW DELHI

Before: SHRI G.D. AGRAWAL & SHRI K.NARASIMHA CHARY

For Appellant: Shri V.N. Marwah, CA
For Respondent: DR Assessee by Shri V.N. Marwah, CA
Hearing: 11.07.2018Pronounced: 01.08.2018

ORDER PER K.NARASIMHA CHARY, JM Challenging the order of the learned Commissioner of Income-tax (Appeals)-23, New Delhi (for short “Ld. CIT(A)) dated 27.02.2015, Revenue preferred this appeal. 2. We have heard both the parties and perused the material on record. As is seen from the record, it came to our notice that the tax effect involved in this case is Rs.16,99,500/-, being less than Rs.20 lacs, which squarely falls within the ambit of Circular No.3/2018 dated 11.07.2018 issued by the Central Board of Direct Taxes prescribing the tax effect for preferring appeals before Tribunal by the revenue.

3.

After perusing the materials available on record, we find that the amount disputed before us is below the tax effect limit prescribed by CBDT vide Circular No.3/2018 dated 11.07.2018 for preferring appeals before tribunal by the revenue. On perusal of the Circular No.3/2018 dated 11.07.2018 and the materials available on record, Ld. DR could not point out as to how and why such a Circular is not applicable to the facts of the case. We also find that the Circular makes it very clear that the revised monetary limits shall apply retrospectively to pending appeals also. We find that the Circular is binding on the tax authorities. Hence, we hold that the appeal of the revenue deserves to be dismissed in terms of low tax effect vide Circular No.3/2018 dated 11.07.2018. Accordingly, this being a low tax effect case, we dismiss this appeal of revenue in limine, as unadmitted, without going into the merits of the case.

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