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Facts
The Revenue filed an appeal for Assessment Year 2016-17 against an order from the Commissioner of Income Tax (Appeals). The grievance involved a tax effect determined to be less than Rs. 60 lakhs.
Held
The Income Tax Appellate Tribunal dismissed the appeal, holding that it was not admissible in light of CBDT Circular No. 09 of 2024, which sets a monetary limit for filing appeals, as the tax effect was below the prescribed threshold.
Key Issues
Whether an appeal filed by the Revenue is admissible if the tax effect is below the monetary limit prescribed by a CBDT circular.
Sections Cited
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Income Tax Appellate Tribunal, DELHI BENCH: ‘A’ NEW DELHI
Before: SH. S. RIFAUR RAHMAN & SHRI YOGESH KUMAR U.S.
This appeal is filed by the Revenue for the Assessment Year 16-17 against the order of the Commissioner of Income Tax (Appeals)-33, Delhi dated 26.08.2020. be less than Rs.60 lacs, therefore, the present appeal filed by the Revenue is not admissible in the light of the CBDT Circular No.09 of 2024 dated 17/09/2024. The appeal is accordingly dismissed.
In the result, the appeal filed by the revenue is accordingly dismissed.
Order pronounced in open Court on 15th October, 2024 .