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Income Tax Appellate Tribunal, MUMBAI BENCHES “A”, MUMBAI
Before: SHRI MAHAVIR SINGH & SHRI ASHWANI TANEJA
Date of hearing : 07-12-2016 Date of order : 15-12-2016
O R D E R Per ASHWANI TANEJA, AM: During the course of hearing it was pointed out by the Ld. Counsel of the assessee that tax effect in this case is less than Rs.10 lacs. Therefore, appeal filed by the Revenue is not maintainable in view of circular of the CBDT No.21 of 2015 dated 10-12-2015.
Per contra, Ld. DR endorsed the submissions of the assessee.
We find that tax effect in this case is less than Rs.10 lacs. Therefore, appeal filed by the Revenue is not maintainable. Thus, the present appeal
is dismissed as withdrawn. Our order shall have no bearing on the merits of the case.
As a result appeal is hereby dismissed. Order was pronounced in the open court at the conclusion of the hearing.