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Income Tax Appellate Tribunal, DELHI BENCH ‘G’ NEW DELHI
Before: SHRI G.D. AGRAWAL, HON’BLE & SHRI SUDHANSHU SRIVASTAVA
assessee are directed against the order passed by the Ld. CIT (Appeals)-I, New Delhi dated 3.6.2014 for A.Y. 2009-10.
In , admittedly, the tax effect is below the monetary limit of Rs. 20 lakhs. In terms of CBDT CO 176/D/2017 Assessment year 2009-10 Circular No. 3/2018 dated 11th July, 2018 read with Section 268 A of the Income Tax Act, 1961, this appeal by the Revenue should have been withdrawn or should not have been pressed by the Revenue.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 said Circular, the appeal by the Revenue is dismissed in limine.
As far as the CO of the assessee is concerned, the same, being supportive to the department’s appeal, also stands dismissed.
In the result, the appeal of the revenue and the cross objection of the assessee are dismissed.
Order pronounced in the Open Court on 19th July, 2018.