THE ACIT, THRISSUR vs. M/S.T.N.AUTO & GENERAL ENGINEERING CO. P.LTD, WADAKKANCHERRY

आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. The sole grievance of the revenue in the captioned appeal is deletion of addition of Rs.119.12 Lacs as made by Ld. AO on account of suppression of profits. 2. The Ld. AR, at the outset, submitted that the appeal is not maintainable on account of low tax effect in terms of CBDT Circular No. 17/2019 dated 08/08/2019 [F.No.279/Misc.142/2007-TTJ(Pt.). For the

2 - same, our attention has been drawn to Form No.36 and grounds of appeal raised by the revenue. The same could not be controverted by the revenue.

2. Upon perusal, it could be gathered that tax effect of quantum additions under dispute by revenue is below threshold limit of Rs.50 Lacs and therefore, the revenue’s appeal is not maintainable in terms of the stated circular.

3. In view of the foregoing, the appeal stand dismissed. However, a liberty is given to revenue to seek recall of the appeal, if at a later stage, it is found that the matter is covered by any exceptions provided in any of the circular or in case the tax effect in the appeal exceeds the prescribed monetary limit.

4. The appeal stands dismissed. Order pronounced on 30th November, 2022.