ACIT, CHENNAI vs. KRISHNAMURTHY MAHESH, CHENNAI

आदेश / O R D E R PER G. PAVAN KUMAR, JUDICIAL MEMBER:

The appeal filed by the Revenue and Cross Objection by the assessee are directed against order of Commissioner of Income- tax (Appeals)-2, Chennai in ITA Tr. No.255/13-14/AI (New No.ITA NO.71/CIT(A)-2/2013-14, Dated 27.03.2015 for the assessment year 2010-2011 passed u/s.143(3) and 250 of the Income Tax Act, 1961. and :- 2 -: C.O.No.133/Mds/2015

At the time of hearing, both the parties fairly conceded that 2. tax effect in this appeal is �9,86,693/- which is less than monetary limit of � 10,00,000/- fixed by the CBDT to file an appeal by the Revenue before the Tribunal as per the CBDT Circular No.21/2015, Dated 10th December, 2015. Being so, the Revenue authorities are precluded from filing the appeal before the Tribunal, since the tax effect is less than �10,00,000/- in this appeal. Accordingly, Revenue appeal is dismissed as un-admitted. Since we have dismissed the appeal filed by the Revenue, the Cross objection filed by the assessee has become infructuous and accordingly dismissed.

In the result, the appeal of the Revenue and Cross 3. Objection by the assessee are dismissed. Order pronounced on Wednesday, the 6th day of January, 2016, at Chennai.