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Income Tax Appellate Tribunal, ‘A’ BENCH : CHENNAI
Before: SHRI N.R.S. GANESAN & SHRI ABRAHAM P. GEORGE]
आदेश / O R D E R PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER
This appeal filed by the Revenue is directed against an order dated 31.08.2017 of ld. Commissioner of Income Tax (Appeals)- 2, Chennai for the impugned assessment year.
Ld. Counsel for the assessee at the outset submitted that 2.
Departmental appeal was against disallowance of �1,30,090/- under Section 14A of the Income Tax Act, 1961 (in short ‘’the Act’’) which ITA No. 2968/2017 :- 2 -: was deleted by the ld. Commissioner of Income Tax (Appeals). As per ld. Authorised Representative tax effect was less than ten lakhs, by virtue of CBDT Circular No.21/2015, dated 10.12.2015, the appeal will not lie.
Per contra, ld. Departmental Representative fairly agreed 3.
the tax effect was less than the limit mentioned in the CBDT circular.
We have considered the contentions and perused the orders 4. of the authorities below. By virtue of Circular No.21/2015, dated 10.12.2015, an appeal of the Revenue would not lie before this Tribunal where the tax effect is less than �10,00,000/-.
In the result, the appeal of the Revenue stands dismissed Order pronounced on Wednesday, the 30th day of May, 2018, at Chennai.