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Income Tax Appellate Tribunal, DELHI BENCH: ‘A’ NEW DELHI
Before: SHRI S.V. MEHROTRA & SMT SUCHITRA KAMBLE
This appeals is filed by the Revenue and the Cross Objection is filed by the assessee. Admittedly the tax effect in Revenue’s appeal is less than Rs.10 lakhs.
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 read with S.268 A of the Income Tax Act 1961, this appeal by the Revenue should have been withdrawn or should not have been pressed by the Revenue.
The Ld. AR submitted that since the Appeal of the Revenue is less than Rs. 10 lakhs, the appeal has to be dismissed and the Cross Objection filed by the Assessee is withdrawn by the Ld. AR.
In result, the appeal of the Revenue and the cross objection of the assessee are dismissed.
The order is pronounced in the open court on 29th of June , 2016.