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Income Tax Appellate Tribunal, AHMEDABAD “A” BENCH AHMEDABAD
PER S. S. GODARA, JUDICIAL MEMBER
This Revenue’s appeal for assessment year 2008-09 arises against the CIT(A)-V, Baroda’s order dated 29.06.2014, in case no. CAB/(A)V/216/13-14, in proceedings u/s. 143(3) r.w.s. 263 of the Income Tax Act, 1961; in short “the Act”.
The Revenue’s substantive ground pleaded in the instant appeal challenges the CIT(A)’s order inter alia restricting the addition of Rs.9,95,299/-. There is no dispute that the net tax effect in the instant appeal is less than Rs.10 lacs. We find that the Central Board of Direct Taxes; hereafter the ‘Board’ has issued the circular no. 21/2015 dated 10.12.2015 clearly envisaging therein that department’s pending
ITA No. 2430/Ahd/14 (ACIT vs. Shree Co-operative Bank Ltd.) A.Y. 2008-09 - 2 -
appeals before the tribunal/high courts are to be withdrawn/not pressed as per the above stated circular. The same has been declared to be having retrospective effect in other words. We take into consideration the above stated Board’s circular and dismiss the instant appeal accordingly.
This Revenue’s appeal is dismissed as having low tax effect.
[Pronounced in the open Court on this the 27th day of September, 2017.]
Sd/- Sd/- (AMARJIT SINGH) (S. S. GODARA) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad: Dated 27/09/2017 True Copy S.K.SINHA आदेश क� ��त�ल�प अ�े�षत / Copy of Order Forwarded to:- 1. राज�व / Revenue 2. आवेदक / Assessee 3. संबं�धत आयकर आयु�त / Concerned CIT 4. आयकर आयु�त- अपील / CIT (A) 5. �वभागीय ��त�न�ध, आयकर अपील�य अ�धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड� फाइल / Guard file. By order/आदेश से,
उप/सहायक पंजीकार आयकर अपील�य अ�धकरण, अहमदाबाद ।