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Income Tax Appellate Tribunal, KOLKATA ‘A’ BENCH, KOLKATA
Before: Shri P.M. Jagtap, Vice-(KZ) & Shri S.S. Viswanethra Ravi
Per Shri P.M. Jagtap, Vice-President (KZ):- This appeal is preferred by the Revenue against the order of ld. Commissioner of Income Tax (Appeals)-5, Kolkata dated 31.08.2017.
At the time of hearing fixing in this case today, none has appeared on behalf of the assessee. The ld. D.R., however, has pointed out from the grounds raised by the Revenue in this appeal that the tax effect involved in this appeal is less than the monetary limit of Rs.20 lakhs fixed by the CBDT vide Circular No. 3/2018 dated 11.07.2018 for filing the appeal before the Tribunal. Since the said Circular issued by the CBDT is made applicable to M/s. Cordlife Science Pvt. Limited all the pending appeals also, we treat this appeal of the Revenue as not maintainable on account of low tax effect and dismiss the same.
In the result, the appeal of the Revenue is dismissed. Order pronounced in the open Court on March 11, 2019.