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Income Tax Appellate Tribunal, KOLKATA ‘A’ BENCH, KOLKATA
Before: SRI SANJAY GARG & SRI SANJAY AWASTHI
Date of concluding the hearing : October 3rd, 2024 Date of pronouncing the order : October 3rd, 2024 ORDER
Per Sanjay Awasthi, Accountant Member:
The present appeal filed by the Revenue is directed against the order dated 20.05.2024 of the Commissioner of Income Tax (Appeals), Kolkata-21 [hereinafter referred to as ld. 'CIT(A)'].
It is seen, at the outset, that the tax effect on the disputed additions before us is less than Rs. 60 lakh as prescribed in the CBDT’s latest I.T.A. No.: 1691/KOL/2024 Assessment Year: 2013-14 Aditya Vikaram Lakhotia Circular No. 09/2024 dated 17.09.2024 for filing appeals by the Revenue before this Tribunal. 2.1. This circular prescribes that the revised monetary limits shall apply retrospectively to pending appeals as well.
The ld. DR has also fairly stated that tax effect involved in appeal is less than the prescribed limit.
In view of above stated position, the appeal of the Revenue is dismissed u/s 268A of the Act because of low tax effect than the prescribed limits as per CBDT Circular No. 09/2024 (supra).