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Income Tax Appellate Tribunal, ‘C’ BENCH : CHENNAI
Before: SHRI N.R.S. GANESAN & SHRI ABRAHAM P. GEORGE]
आदेश / O R D E R PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER
This appeal of the Revenue is directed against an order dated 15.03.2016 of the Commissioner of Income-tax (Appeals)-6, Chennai.
Ld. Counsel for the assessee at the outset pointed out that tax effect in this case was less than �10,00,000/- and by virtue of CBDT Circular No.21/2015, dated 10.12.2015, the appeal will not lie. . :- 2 -: 3. The ld. Departmental Representative fairly agreed that disallowance deleted by the ld. Commissioner of Income Tax (Appeals) in the appeal of the assessee was �12,28,135/- and tax effect thereof was less than the tax effect.
We have considered the rival contentions and perused the 4. orders of the authorities below. The ld. Commissioner of Income Tax (Appeals) has confirmed disallowance of �12,92,385/- out of total disallowance of �25,20,520/-. The amount of disallowance deleted came to �12,28,135/-. By virtue of Circular No.21/2015, dated 10.12.2015, the appeal of the Revenue would not lie before this Tribunal since the tax effect is less than �10,00,000/-.
In the result, the appeal of the Revenue is dismissed. 5. Order pronounced on Wednesday, the 23rd day of November, 2016, at Chennai.