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Income Tax Appellate Tribunal, KOLKATA BENCH “D”, KOLKATA
Before: SH. P.M.JAGTAP & SH. S.S. VISWANETHRA RAVI
PER BENCH It is noted that each of these 22 appeals filed by the Revenue individually involves tax effect of less than Rs.20 Lacs and this position is not disputed even by Ld.DR. The CBDT vide its recent Circular No.3/2018 issued on 11.07.2018 has revised the monetary limit for filing the appeals of the Revenue before the Tribunal to Rs.20 Lacs. As clarified in the said Circular, the revised monetary limit of Rs.20 Lacs for filing the Revenue’s appeals before the ITAT would apply to the appeals already filed by the Revenue which are pending before the Tribunal and the same are liable to be dismissed as withdrawn/not pressed. We accordingly treat these appeals of the Revenue involving the tax effect of less than Rs.20 Lacs as withdrawn/not pressed keeping in view the Circular No.3/2018 (supra) issued by CBDT and dismiss the same.
As a result of dismissal of the Revenue’s appeal on account of low tax effect, the corresponding 02 cross-objections filed by the assessee have become infructuous and the same are also liable to be dismissed accordingly.
In the result, all the 22 appeals of the Revenue and 02 cross- objections filed by the assessee are dismissed.
Order pronounced in the open court on 30.07.2018.