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Income Tax Appellate Tribunal, DELHI BENCH “D” NEW DELHI
Before: SHRI AMIT SHUKLA & SHRI PRASHANT MAHARISHI
PER AMIT SHUKLA, J.M.: The aforesaid appeal has been filed by the Revenue against the order of Commissioner of Income Tax (Appeals)- VIII, New Delhi dated 11.07.2014 pertaining to the assessment year 2007-08. 2. None appeared on behalf of the assessee. However, since the tax effect involved in the appeal filed by the Revenue is below Rs.20 lac, therefore, the appeal was taken up for hearing in the light of the latest Circular of CBDT.
Learned Department Representative, at the outset, submitted that the tax effect involved in the appeal filed by the Revenue is below Rs. 20 lacs, therefore, in view of the CBDT Circular No.03/2008 [F.NO.279/Misc.142/2007-ITJ (Pt)] dated 11th July, 2018 raising the monetary limits for filing of appeals by the Department before the ITAT has been increased to Rs.20 lacs. 4. As per para 3 of the said Circular, it is also clarified that the pending appeals of the Revenue before the ITAT having monetary limit of Rs.20 lac will be treated as withdrawn. Since in the instant case, the tax effect is admittedly below Rs.20 lac, therefore, in view of the latest CBDT Circular (supra) raising the monetary limits for filing of the appeals before the Tribunal which is applicable even to pending appeals, the appeal filed by the Revenue is dismissed. 5. In the result, the appeal filed by the Revenue is dismissed. Order pronounced in the open Court on 25th July, 2018.