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Income Tax Appellate Tribunal, KOLKATA ‘A’ BENCH, KOLKATA
Before: Shri P.M. Jagtap, Vice-(KZ) & Shri A.T. Varkey
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)-XXXII, Kolkata dated 20.06.2014 on the following grounds:- (i) That on the facts and circumstances of the case and in law, the ld. CIT(A) erred in deleting the addition made by the AO of Rs.12,27,063/- on account of contractual receipt from M/s. Agarwal Merchandise Tie Up Pvt. Ltd. in addition to AY 2007-08. (ii) That on the facts and circumstances of the case and in law, the ld. CIT(A) erred in deleting the addition made by AO of A.Y. 2007-2008 M/s. The Saturday Club Limited
Rs.36,26,790/- on account of rental income received from M/s. Reliance Industries Ltd. in relation to AY 2007-08.
At the time of hearing fixing in this case today, the ld. Counsel for the assessee has filed an application seeking adjournment. 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 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.