ITO, W-2(5), CHANDIGARH vs. M/S BASSI STEELS LTD., DERABASSI

आदेश/ORDER

PER DIVA SINGH

The present appeal has been filed by the Revenue assailing the correctness of the order dated 13.02.2018 of CIT(A)-I Chandigarh pertaining to 2004-05 assessment year. 2. At the time of hearing, no one was present on behalf of the assessee except an application was placed on record stating that the departmental appeal is not maintainable as the tax effect involved is Rs. 32,440/- and thus, much below the limit of Rs. 20 lacs fixed by the CBDT Circular No. 3/2018 dated 11.07.2018. 3. The ld. Sr.DR Mr.Manjit Singh was heard and on going through the material on record he did not dispute the position as in the copy of the ground raised itself, the AO has mentioned that the tax involved is Rs. 32,440/-. Accordingly, in view thereof, the appeal filed by the Revenue having been filed against the aforesaid circular wherein vide para 10, the tax effect in the appeals filed by the Revenue before the ITAT has been fixed at Rs. 20 lacs. The said circular is retrospective in nature.

ITA 587/CHD/2018 A.Y.2004-05 Page 2 of 2

Accordingly, the appeal of the Revenue is dismissed as having been filed in violation of the CBDT circular. Said order was pronounced in the Open Court at the time of hearing itself. 4. In the result, appeal of the Revenue is dismissed. Order pronounced in the Open Court on 04.10. 2018.

Sd/- Sd/- ( अ�नपूणा� गु�ता ) ( �दवा �संह ) (ANNAPURNA GUPTA) (DIVA SINGH) लेखा सद�य/ Accountant Member �याय�क सद�य/ Judicial Member “पूनम” आदेश क� ��त�ल�प अ�े�षत/ Copy of the order forwarded to :

अपीलाथ�/ The Appellant - 1. ��यथ�/ The Respondent - 2. आयकर आयु�त/ CIT 3. आयकर आयु�त (अपील)/ The CIT(A) 4. �वभागीय ��त�न�ध, आयकर अपील�य आ�धकरण, च�डीगढ़/ DR, ITAT, CHANDIGARH 5. गाड� फाईल/ Guard File 6.

आदेशानुसार/ By order, सहायक पंजीकार/ Assistant Registrar