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Facts
The Revenue filed an appeal against the order of the CIT(A). The Assessing Officer's order was dated 20.02.2024, and the CIT(A)'s order was dated 22.05.2024. The Revenue sought to withdraw the appeal due to low tax effect, in line with CBDT Circular No. 09/2024.
Held
The Tribunal noted the application for withdrawal of the appeal. Following the application and in view of the low tax effect as per the CBDT circular, the appeal was dismissed as withdrawn. The Revenue was granted liberty to seek reinstatement under certain exceptions.
Key Issues
Whether the appeal should be dismissed as withdrawn based on a low tax effect as per CBDT circular.
Sections Cited
Circular No.09/2024
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Income Tax Appellate Tribunal, DELHI
ORDER
PER MANISH AGARWAL AM:
The present appeal is filed by the revenue against the order of Ld. Commissioner of Income Tax (Appeals/ National Faceless Appeal Centre (‘Ld. CIT(A)/NFAC’ for short), Noida dated 22.05.2024 for the Assessment Year 2022-23 arising out of the order of the Assessing Officer vide order dated 20.02.2024 pertaining to A.Y. 2022-23.
At the outset, at the request of the Ld. Sr. DR has moved the following application :-
Noting the contents of the above application, the Appeal of the Revenue is dismissed as withdrawn. However, revenue is at liberty to approach the Tribunal for reinstitution of appeal in case the matter is covered by any exception provided in board circular. Order pronounced in the open court on 12 September, 2025.