ITO 20(2)(1), MUMBAI vs. DARSHANA P. BRAHMBHATT, MUMBAI

Keeping in view the CBDT Circular No. 21/2015 dated 10th December, 2015 which is applicable from retrospective effect and is also applicable to pending appeals and also in view of ld. Senior DR stating before us that this appeal is now not maintainable/not pressed in view of the above CBDT Circular, we hold that this appeal filed by the Revenue which is covered by this order involving tax effect of less than Rs. 10 lacs is not maintainable and is dismissed being not pressed. However, the Revenue is at liberty to file an application for recall of this appeal in accordance with law, if at any the Revenue wants to agitate the matter in accordance with the provisions/clauses as contained in the afore-stated circular. We order accordingly.

In the result, the appeal filed by the Revenue is dismissed. Order pronounced in the open court on 16th May 2016. आदेश क� घोषणा खुले �यायालय म� �दनांकः 16-05-2016 को क� गई ।