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Facts
The Revenue preferred an appeal and the assessee filed a cross-objection against an order of the CIT(A)/NFAC, which arose from an order passed by the Assessing Officer under Section 147 r.w.s. 144B of the Income Tax Act for Assessment Year 2015-16.
Held
The Tribunal held that the Revenue's appeal was not maintainable as the tax effect involved was less than Rs. 60 lakhs, which is the limit prescribed by the CBDT Circular No. 09 of 2024. Consequently, the assessee's cross-objection was also dismissed as infructuous.
Key Issues
Whether the Revenue's appeal is maintainable before the Tribunal given the tax effect and the prevailing CBDT Circular limits for departmental appeals.
Sections Cited
147, 144B
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Income Tax Appellate Tribunal, DELHI BENCH “B”: NEW DELHI
Before: Ms. MADHUMITA ROY & SHRI NAVEEN CHANDRA&
O R D E R
PER Ms. MADHUMITA ROY, JM:
The instant appeal preferred by the Revenue, and cross objection CO No. 87/Del/2025, preferred by the assessee, are directed against the order dated 27.11.2024 [DIN & ORDER No. ITBA/NFAC/S/250/2024- 25/1070688034(1) passed by the CIT(A)/NFAC, Delhi, arising out of the order dated 30.05.2023 passed by the Assessing Officer under Section 147 r.w.s. 144B of the Income Tax Act, 1961 (hereinafter referred to as “the Act”) for the Assessment Year 2015- 16.