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Income Tax Appellate Tribunal, [ DELHI BENCH: ‘F’ NEW DELHI ]
Before: SHRI SHAMIM YAHYA & SHRI YOGESH KUMAR U.S.
The present appeal and Cross Objection filed by the Revenue and the Assessee respectively against the order dated 14.02.2022 passed by Principal Commissioner of Income Tax, New Delhi, for assessment year 2014-15.
The Ld. AR submitted that, the tax effect involved in the present appeal is Rs. 48,92,824/- which is below the prescribed limit of Rs.50 lakhs as fixed by the CBDT Circular No. 17/2019. The Ld. AR submitted the calculation chart of the tax effect which reads as under:-
&C.O No. 44/Del/2022 DCIT VS. RUCHI GARG
The Ld. DR did not dispute the above calculation of the tax effect in the present Appeal. In view of the same, the Appeal filed by the Revenue in is dismissed. Further, since the assessee has withdrawn the C.O. No. 44/Del/2022, the C.O. filed by the Assessee is dismissed as withdrawn.
Order pronounced in the open court on : 23/06/2023.