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Income Tax Appellate Tribunal, DELHI BENCH ‘A’ NEW DELHI
Before: SHRI G.D. AGRAWAL, HON’BLE & SHRI SUDHANSHU SRIVASTAVA
assessee are directed against the order passed by the ld. CIT(A)
Dehradun dated 26.02.2015 for A.Y. 2010-11.
1.1 In , the department has filed an appeal for deletion of addition made by Assessing Officer for Rs. 8 lakh and Rs. 6 lakh u/s 68 on account of low household C.O. 480/Del/2015 Assessment year 2010-11 withdrawals. Admittedly, the tax effect in this appeal is below the monetary limit of Rs. 10 lakhs.
1.2 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 read with Section 268 A of the Income Tax Act, 1961, this appeal by the Revenue should have been withdrawn or should not have been pressed by the Revenue.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.
As in the grounds of cross objection, the assessee has requested for dismissal of the appeal of the department as the tax effect is below Rs. 10 lakh, the cross objection is allowed.
In the result, the appeal of the revenue is dismissed and cross objection of the assessee is allowed.
Order pronounced in the Open Court on 4th July, 2018.