ACIT, C-3(1), CHANDIGARH vs. M/S YORK BUILDERS PVT. LTD., ZIRAKPUR

It was a common stand of the parties before the Bench that tax effect involved in the present appeal is much less than the taxable limit of Rs. 20 lacs as fixed by the CBDT Circular No. 3/2018 dated 11.07.2018, therefore, the appeal filed by the Revenue may be dismissed in terms of the above circular.

Accordingly, in view of the above, the appeal of the Revenue is dismissed on the grounds of low tax effect in terms of the aforesaid circular of the CBDT by which the Tax Authorities are bound. The appeal of the Revenue, accordingly, is dismissed as not pressed.

In the result, appeal of the Revenue is dismissed. Said order was pronounced in the Open Court at the time of hearing itself. Order pronounced in the Open Court on 16th Nov., 2018. ( अ"नपूणा" गु"ता ) ( "दवा "संह ) (ANNAPURNA GUPTA) (DIVA SINGH) लेखा सद"य/ Accountant Member "या"यक सद"य/ Judicial Member “पूनम” आदेश क" ""त"ल"प अ"े"षत/ Copy of the order forwarded to : अपीलाथ"/ The Appellant – 2.""यथ"/ The Respondent -3.आयकर आयु"त/ CIT 4.आयकर आयु"त (अपील)/ The CIT(A) 5."वभागीय