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Facts
The Revenue filed an appeal against an order under section 154 of the Income-tax Act, 1961. The case was called twice, but the assessee did not appear. The Departmental Representative stated that the tax effect in the appeal was less than the minimum prescribed by a CBDT circular.
Held
The Tribunal acknowledged the Departmental Representative's fairness in not disputing the applicability of the CBDT circular to pending appeals. Based on the low tax effect, the Tribunal decided to reject the Revenue's appeal.
Key Issues
Whether the appeal should be dismissed on account of low tax effect as per CBDT Circular No. 9/2024.
Sections Cited
154, Income-tax Act, 1961
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Income Tax Appellate Tribunal, AGRA BENCH, “SMC” AGRA
Before: SHRI SATBEER SINGH GODARA & SHRI M. BALAGANESH
This Revenue’s appeal for assessment year 2021-21, arises against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre [in short, the “CIT(A)/NFAC”], Delhi’s DIN and order no. ITBA/NFAC/S/250 /2024-25/1067070329(1) dated 26.07.2024 involving proceedings under section 154 of the Income- tax Act, 1961 (hereinafter referred to as ‘the Act’).
Case called twice. None appears at the assessee’s behest.