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Income Tax Appellate Tribunal, DELHI BENCH ‘A’, NEW DELHI
This is an appeal filed by the Revenue against the order dated 21/7/2014 of the Ld.CIT (A)-V, New Delhi. The Ld. AR pointed out that the Tax Effect is less than Rs. 10 lakhs in this appeal. While looking to the appeal papers it was found that the Tax Effect in the present appeal is less than Rs. 10 Lakhs. Admittedly the tax effect in this appeal by the Revenue is less than Rs.10 lakhs.
In terms of CBDT Circular No.21/2015 dated 10th December,2015, F.No. 2. 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 read with S.268 A of the Income Tax Act 1961, this appeal by the Revenue should have been withdrawn or should not be pressed by the Revenue. Accordingly the appeal of the Revenue is dismissed.
In the result Revenue’s appeal is dismissed. .
(Order Pronounced in the Court on 4/11/2016)