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Income Tax Appellate Tribunal, DELHI BENCH ‘G’ NEW DELHI
Before: SHRI G.D. AGRAWAL, HON’BLE & SHRI SUDHANSHU SRIVASTAVA
PER SUDHANSHU SRIVASTAVA, J.M. The appeal filed by the Revenue is directed against the order passed by the ld. CIT(A)-XI, New Delhi dated 23.06.2014 for A.Y. 2011-12.
1.2 At the outset, it was submitted by the ld. AR that the tax effect in the present appeal is less than Rs.20 lacs as the issue involved is only disallowance of depreciation of Rs.59,13,821/-.
The calculation of tax effect submitted by the ld. AR is as under:-
Total addition : Rs. 59,13,821/- Tax (@30%) : Rs. 18,92,423/- Education & higher : Rs. 56,773/- education cess Total Tax Effect : Rs. 19,49,196/- 1.3 In terms of CBDT Circular No. 21/2015 dated 10th December, 2015, F. No. 279/Misc./142/2007-ITJ(Pt.) read with Section 268 A of the Income Tax Act, 1961, this appeal by the Revenue should have been withdrawn or should not have been pressed by the Revenue.
In view of the above, this appeal by the Revenue is dismissed in limine.