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Order PER PARESH M. JOSHI, J.M. : This is an appeal filed by the Department against the order of the Ld. CIT(A)/NFAC, Delhi dt. 08/11/2023 pertaining to Assessment Year 2016-17.
It is noted that the tax effect involved in all the present appeals is less than Rs.60 lacs. Accordingly, in terms of the CBDT Circular No.09/2024 dated 17.09.2024, wherein the Department has specified the monetary limit for an appeal to be filed by the Revenue before the ITAT as Rs. 60 lacs, the appeal filed by the Revenue is not maintainable.
In view of the above facts and circumstances, the present appeals filed by the Department is dismissed due to low tax effect with a liberty to seek recall in case the matter falls under any of the exceptions so carved out in the aforesaid circular.
It is, however, clarified that the dismissal of the above appeals shall not be taken to be affirmation of the order of the CIT(A) on merits. The legal issue raised by the Revenue is being left open to be adjudicated in an appropriate case.