INCOME TAX OFFICER, WARD-5, YAMUNA NAGAR vs. SURINDER KUMAR, YAMUNA NAGAR

The grounds of appeal taken by the Revenue are argumentative and descriptive in nature. The ld. Counsel for the Assessee at the very outset submitted that tax effect involved in the 521 -Chd-2024- Surinder Kumar, Yamunanagar 2 appeal by virtue of relief given by the CIT(A) is Rs. 59,66,702/- which is below the monetary limit provided in Circular No. 9/2024 issued by the CBDT.

The ld. DR, on the other hand, contended that in the absence of details he is unable to controvert the computation placed on record by the ld. Counsel for the Assessee.

We have duly considered the rival contentions and gone through the record carefully. Computation placed on record prima facie suggests that present appeal is not maintainable in view of the CBDT Circular No.9/2024, therefore, it is dismissed. However, it is observed that ld. DR was unable to controvert this calculation for want of details, if on cross verification, the ld. Assessing Officer found that tax effect is more or issue falls within the exception, as provided in the Circular, then Revenue will be at liberty to apply for recall of this order. Such application should be filed within time limit u/s 254 (2) of the Act.

In the result, appeal is dismissed.