ACIT NON CORPORATE CIRCLE 5, COIMBATORE vs. SHRI. SP VELU, COIMBATORE

This appeal by the Revenue is directed against the order passed by the learned Commissioner of Income Tax(Appeals), Coimbatore, dated 16.11.2017 in Appeal No.05/16-17 for the assessment year 2013-14 passed U/s. 250(6) r.w.s. 143(3) of the Act. At the time of hearing the Ld.AR was not present before the Bench, however on perusing the file and the submission of the Ld.DR the Bench decided to hear the appeal ex-parte.

At the outset, we find that the CBDT in its latest Circular No.3/2018 dated 11.07.2018 had fixed the monetary tax effect as Rs.20 lakhs for filing appeal before the Tribunal. It is also apparent from the orders of the Ld.Revenue Authorities that in the case of the assessee, tax effect is below Rs.20 lakhs which is conceded by the Ld.DR. Hence due to the instructions issued by the CBDT vide its Circular mentioned herein above, we hereby hold that the appeal filed by the Revenue is not maintainable and accordingly the appeal of the Revenue is dismissed.

In the result the appeal filed by the Revenue is dismissed.