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Income Tax Appellate Tribunal, ‘A’ (SMC
Before: SHRI ABRAHAM P. GEORGE]
आदेश / O R D E R
This appeal of the Revenue is directed against an order dated 08.12.2016 of the Commissioner of Income-tax (Appeals)-6, Chennai.
Ld. Counsel for the assessee at the outset submitted that 2.
Departmental appeal was against disallowance of �13,82,159/- levied u/s. 40(a)(ia) of the Income Tax Act, 1961 (in short ‘’the Act’’) which was deleted by the ld. Commissioner of Income Tax (Appeals). As per
ITA No. 308/Mds/2017 :- 2 -: ld. Authorised Representative tax effect was less than ten lakhs, by virtue of CBDT Circular No.21/2015, dated 10.12.2015, the appeal will not lie.
Per contra, ld. Departmental Representative fairly agreed that �13,82,159/- disallowance deleted by the ld. Commissioner of Income Tax (Appeals) and tax effect thereof was less than the limit mentioned in the CBDT circular.
We have considered the rival contentions and perused the 4. orders of the authorities below. By virtue of Circular No.21/2015, dated 10.12.2015, an appeal of the Revenue would not lie before this Tribunal where the tax effect is less than �10,00,000/-.
In the result, the appeal of the Revenue stands dismissed Order pronounced on Wednesday, the 12th day of April, 2017, at Chennai.