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Facts
The Income Tax Officer, Mumbai filed an appeal against the order dated 28/05/2024 by NFAC, Delhi, pertaining to AY 2017-18. The assessee filed a cross-objection against the same order. The tax effect in the appeal was Rs. 1,23,691/-.
Held
The Tribunal held that the appeal by the revenue must be dismissed in light of Circular No. 09/2024, dated 17th September, 2024, due to the low tax effect. The cross-objection was also dismissed.
Key Issues
Whether the revenue's appeal should be dismissed due to low tax effect as per the circular? Whether the cross-objection should be dismissed?
Sections Cited
Circular No. 09/2024, dated 17th September, 2024
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Income Tax Appellate Tribunal, “J(SMC
Before: SHRI NARENDRA KUMAR BILLAIYA, HON’BLE & SHRI SUNIL KUMAR SINGH, HON’BLE
Assessee by : Shri Rajnikant Chainiyari, A/R Revenue by : Shri Asif karmali, Sr. D/R सुनवाई की तारीख/Date of Hearing : 12/11/2024 घोषणा की तारीख/Date of Pronouncement : 12/11/2024 आदेश/O R D E R PER NARENDRA KUMAR BILLAIYA, AM: & C.O. No. 222/Mum/2024, are appeal by the revenue and cross-objection by the assessee preferred against the order dated 28/05/2024 by NFAC, Delhi, pertaining to AY 2017-18.
The appeal and the cross-objection were heard together and are disposed by way of this common order for the sake of convenience and brevity. & C.O. No. 222/Mum/2024 2