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Income Tax Appellate Tribunal, DIVISION BENCHES ‘A, CHANDIGARH
Before: MS. DIVA SINGH & Dr. B.R.R.KUMAR
PER DIVA SINGH
The present appeal has been filed by the Revenue assailing the correctness of the order dated 29.12.2017 of CIT(A)-2 Chandigarh pertaining to 2014-15 assessment year.
At the time of hearing, no one was present on behalf of the assessee. The ld. Sr.DR inviting attention to the departmental ground submitted that the Revenue has challenged the addition of Rs. 6,18,120/-. The tax effect involved was much below the limit of Rs. 20 lacs as fixed by the CBDT vide Circular No.3/2018 dated 11.07.2018. 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. Said order was pronounced in the Open Court at the time of hearing itself.
In the result, the appeal of the Revenue is dismissed. Order pronounced in the Open Court on 03.10. 2018. ( Dr.B.R.R.KUMAR) JUDICIAL MEMBER ‘Poonam’ Copy to:
The Appellant
The Respondent
The CIT
The CIT(A)
The DR Asstt.