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Facts
The Revenue preferred an appeal against the order dated 31.05.2023, passed by the National Faceless Appeal Center. The tax effect involved in the appeal was admitted by both parties to be not more than Rs.60,00,000/-.
Held
The tribunal held that in view of the latest CBDT Circular No.9/2024 dated 17.09.2024, the appeal was liable to be dismissed as withdrawn. The appeal was pronounced in the open court on 15.10.2024.
Key Issues
Whether the appeal should be dismissed as withdrawn in light of the admitted tax effect and the prevailing CBDT circular.
Sections Cited
250 of the Income Tax Act, 1961
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Income Tax Appellate Tribunal, MUMBAI BENCH “D”, MUMBAI
Before: SHRI NARENDER KUMAR CHOUDHRY & SHRI GAGAN GOYAL
Per : Narender Kumar Choudhry, Judicial Member:
This appeal has been preferred by the Revenue against the order dated 31.05.2023, impugned herein, passed by the National Faceless Appeal Center (NFAC)/ Ld. Commissioner of Income Tax (Appeals) (in short Ld. Commissioner) under section 250 of the Income Tax Act, 1961 (in short ‘the Act’) for the A.Y. 2011-12.
M/s. Michael Page International Recruitment P. Ltd. 2. Both the parties have admitted that the tax effect involved is not more than Rs.60,00,000/- and therefore in view of the latest CBDT Circular No.9/2024 dated 17.09.2024, this appeal is liable to be dismissed as withdrawn.
In the result, this appeal of the Revenue is dismissed as withdrawn
Order pronounced in the open court on 15.10.2024.