Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, ‘B ’ (SMC
Before: SHRI ABRAHAM P. GEORGE]
आदेश / O R D E R
This appeal of the Revenue is directed against an order dated 30.06.2016 of the Commissioner of Income-tax (Appeals)-18, Chennai.
Ld. Counsel for the assessee at the outset submitted that tax on the total income computed by the ld. Assessing Officer was only
ITA No. 2708/Mds/2016 :- 2 -:
�3,10,520/- and accordingly 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 disallowance deleted by the ld. Commissioner of Income Tax (Appeals) in the appeal of the assessee was �3,10,520/- 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.