Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, DELHI BENCH ‘G’ NEW DELHI
Before: SHRI G.D. AGRAWAL, HON’BLE & SHRI SUDHANSHU SRIVASTAVA
order of the ld. CIT(A)-8, New Delhi dated 8.1.2015 for assessment year 2010-11.
The computation of tax effect has been submitted on behalf of the assessee as under:- “COMPUTATION OF TAX EFFECT
Addition made under the normal provision of Income Tax Act - On account of foreign travelling expenses Rs. 16,12,941/-
Tax on above @ 33.33% Rs.5,37,593/-
Addition made under MAT provision u/s 115JB On account of Gratuity Rs.51,72,000/- - On account of leave Encashment Rs.4,49,000/- Rs.56,21,000/-
Tax on above @ 16.99% Rs. 9,55,008/- TOTAL Rs.14,92,601/-”
2.1 Admittedly, the tax effect in this appeal is below the monetary limit of Rs. 20 lakhs.
2.2 In terms of CBDT 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dated 11th July, 2018 read with Section 268 A of the Income Tax Act, 1961, this appeal by the Revenue should have been withdrawn or should not have been pressed by the Revenue.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 above, the appeal by the Revenue is dismissed in limine.
Order pronounced in the Open Court on 18th July, 2018.