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Before: SHRI MAHAVIR SINGH & SHRI ASHWANI TANEJA
Per Ashwani Taneja, AM:- This appeal has been filed by the Revenue against the order of Ld. Commissioner of Income-tax (Appeals)-5 [hereinafter called CIT(A)] dated 27.12.2013 passed against the penalty order dated 24.08.2012 u/s 271(1)(c) for assessment year 2008-09.
2 Mahindra Tele I.T.A.No. 1646/Mum/2014 2. During the course of hearing, both the parties jointly stated that this appeal filed by the Revenue involves penalty of Rs. 5,84,843/- and since the tax effect in this case is less than Rs. 10,00,000/-, therefore the present appeal is not maintainable in view of circular of the Central Board of Direct Taxes [hereinafter called CBDT] No21 of 2015, dated 10.12.2015.
We have gone through the facts of the case and find that the tax effect in this case is less than Rs. 10,00,000/-, therefore the present appeal is not maintainable and dismissed, as such.
Our appeal shall have no bearing on the merits of the issues raised in this appeal.
As a result appeal of the Revenue is dismissed. Order was pronounced in the open court at the conclusion of hearing.