ITO, NEW DELHI vs. M/S. COCO INTERNATIONAL LTD., NEW DELHI

This appeal was filed by the Revenue in respect of the relief given by the CIT(A) to the extent of Rs.27,78,300/-. The same was pointed out the Ld. DR and the Ld. DR also submitted that the Revenue is challenging the relief given by CIT(A) to the extent of Rs. 27,78,300/- which comes under the purview of the low tax effect Circular of CBDT dated 10.12.2015. Thus, this appeal comes under the purview of CBDT Circular dated 10th December 2015 being Circular No. 21/2015 regarding tax effect of less than 10 lakhs.

We have heard the Ld. DR. At the time of hearing none appeared for the assessee despite notice is served. Since the Tax effect is less than Rs. 10,00,000/- in light of Circular dated 10/12/2015, this appeal filed by the Revenue comes under the purview of Tax Effect below 10 lakhs. In result, appeal of the Revenue is dismissed for low tax effect as per Circular dated 10/12/2015. We are not deciding this issue on merit as the appeal is dismissed for low tax effect.