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Income Tax Appellate Tribunal, DELHI BENCH: ‘D’ NEW DELHI
Before: SHRI R. S. SYAL & MS SUCHITRA KAMBLE
This appeal is filed by the Revenue. The Ld. AR filed adjournment application as he was recently engaged by the Assessee. The Ld. DR pointed out that the tax effect in this appeal filed by the Revenue is less than Rs. 10 lacs. The application for adjournment is rejected as the tax amount under dispute is below ten lacs.
In terms of CBDT Circular No.21/2015 dated 10th December, 2015, F.No. 279/Misc./142/2007-ITJ(Pt.) read with S.268 A of the Income Tax Act 1961, this appeal by the Revenue should have been withdrawn or should not be pressed by the Revenue.
In the result Revenue’s appeal is dismissed.
Order pronounced in the Open Court on 17th April, 2017.