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Before: SHRI J. SUDHAKAR REDDY & SMT SUCHITRA KAMBLE
Rs.10 lakhs. Thus, we are of the opinion that there is no necessity for adjourning the appeal and rejected the adjournment application.
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 read with S.268 A of the Income Tax Act 1961, this appeal by the Revenue should have been withdrawn or should not be pressed by the Revenue.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 view of the above this appeal by the Revenue is dismissed in limini.
In the result Revenue’s appeal is dismissed in limini. Order pronounced in the Open Court on 30th May, 2016.