ITO, UTTRAKHAND vs. M/S. SHUBHAM STONE CRUSHER, UTTRAKHAND

This appeal by the Revenue and Cross Objection by the assessee arise out of the order passed by the learned Ld. CIT(A)-II Dehradun dated 06.07.2011 for Assessment Year 2008-09.

The tax effect in this appeal by the Revenue does not exceed the monetary limit of Rs.10 lakhs specified in recent CBDT Circular No.21/2015 dated 10th December, 2015, F.No. 279/Misc./142/2007-ITJ(Pt.) read with S.268 A of the Income & CO No.196/D/12 Assessment Year 2008-09 Tax Act 1961. Further in this CBDT Circular, at para 10 it is specified that the Instruction will apply retrospectively, to all pending appeals.

The Ld. D.R. could not controvert the fact that the tax effect on the quantum of income in dispute is below the monetary limit of Rs.10,00,000/- (Ten lakhs only).

Hence we dismiss this appeal filed by the Revenue on the ground that the tax effect in the present appeal does not exceed the monetary limit specified by the CBDT Circular No.21/2015 dated 10th December,2015, F.No. 279/Misc./142/2007-ITJ(Pt.) read with S.268 A of the Income Tax Act 1961, and hence not maintainable.

In case there is a mistake in the calculation or if the case is covered by any of the exception specified in the Circular, the revenue may file a Misc. Application u/s 254(2) of the Income Tax Act 1961 pointing out the mistake and if the Bench is convinced of the mistake, this order will be recalled and the appeal restored for fresh disposal on merits.

In view of the dismissal of the appeal of the Revenue and the Cross Objection filed by the assessee being only supportive, the same becomes infructuous and is dismissed. & CO No.196/D/12 Assessment Year 2008-09

In the result, both the appeal of the Revenue and Cross Objection of the assessee stand dismissed.