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Income Tax Appellate Tribunal, DELHI ‘C’ BENCH,
Before: SHRI N.K. BILLAIYA, & SHRI SUDHANSHU SRIVASTAVA
PER N.K. BILLAIYA, ACCOUNTANT MEMBER,
This appeal by the Revenue is directed against the order dated 28.11.2014 of Commissioner of Income Tax[Appeals], New Delhi pertaining to assessment year 2010-11.
The only grievance of the Revenue is that the ld. CIT(A) erred in directing to recompute the disallowance of Rs. 18,20,821/- made u/s 36(1)(iii) of the Income-tax Act, 1961.
A perusal of the grievance of the Revenue shows that tax effect would be less than Rs. 10 lakhs and, therefore, this appeal by the Revenue is not maintainable in light of the CBDT in its Circular No. 21/2015 dated 10.12.2015 by which the Board has instructed the Revenue not to prefer appeal before the Tribunal where the tax effect is less than Rs.10 lakhs. Accordingly, ground raised by the revenue is dismissed.
In the result, the appeal of the Revenue is dismissed.
The order is pronounced in the open court on 19.06.2018.