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Income Tax Appellate Tribunal, AHMEDABAD “B” BENCH
Before: SHRI RAJPAL YADAV & SHRI N.K. BILLAIYA
PER N.K. BILLAIYA, ACCOUNTANT MEMBER
This appeal by the Revenue is preferred against the order of the Ld. CIT(A)-1, Vadodara dated 13.07.2015 pertaining to A.Y. 2007-08.
ITA No. 2737/Ahd/2015 2 . A.Y. 2007-08 2. The only grievance of the revenue is that the ld. CIT(A) erred in allowing relief of 20% value out of Staff Welfare Expenditures without appreciating the findings of A.O. and facts of the case.
The grievance of the revenue suggest that the tax effect on the impugned relief would come to less than Rs. 10 lacs and therefore this appeal by the Revenue has to be dismissed in the light of the CBDT Circular No. 21 of 2015 dated 10.12.2015.
However, if the revenue finds that the appeal is not hit by the aforementioned Circular, it may approach the Tribunal as per the provisions of the law.
In the light of the aforesaid Circular, this appeal by the Revenue is dismissed.
Order pronounced in Open Court on 18 - 12- 2017
Sd/- Sd/- (RAJPAL YADAV) (N. K. BILLAIYA) JUDICIAL MEMBER True Copy ACCOUNTANT MEMBER Ahmedabad: Dated 18 /12/2017 Rajesh Copy of the Order forwarded to:- 1. The Appellant. 2. The Respondent. 3. The CIT (Appeals) – 4. The CIT concerned. 5. The DR., ITAT, Ahmedabad. 6. Guard File. By ORDER
Deputy/Asstt.Registrar ITAT,Ahmedabad