Income-tax Officer, Ward-2(1), Jamshedpur v. M/s Prem Food India Pvt. Ltd
[Citation -2016-LL-0914-68]
| Citation | 2016-LL-0914-68 |
|---|---|
| Appellant Name | Income-tax Officer, Ward-2(1), Jamshedpur |
| Respondent Name | M/s Prem Food India Pvt. Ltd. |
| Court | ITAT-Ranchi |
| Relevant Act | Income-tax |
| Date of Order | 14/09/2016 |
| Assessment Year | 2008-09 |
| Judgment | View Judgment |
| Keyword Tags | monetary limit • tax effect |
| Bot Summary: | At the outset, we find that the tax effect involved in this appeal of the Revenue is less than the revised monetary limit recently fixed by the CBDT vide Circular No. 21/2015 dated 10 t h December, 2015 at Rs.10,00,000/- for filing the appeal by the Revenue before the Tribunal and this position clearly evident from the grounds raised by the Revenue in this appeal is not disp uted even by the ld. D.R. In Circular No. 21/2015 recently issued by the CBDT, the 2 ITA No.08/Ran/2016 AY:2008-09 monetary limit for filing the appeals by the Revenue before the Trib unal has been increased to Rs.10,00,000/- and as clarified in the said Circular, the said monetary limit is applicable retrospectively even to the appeals pending before the Tribunal. The CBDT has also instructed that such pending appeals below this specified tax limit of Rs.10,00,000/- may be withdrawn/not pressed. Keeping in v iew the instruction given by the CBDT vide Circular No. 21/2015 dated 10.12.2015, which is squarely applicab le in the present case, the appeal filed by the Revenue in this case is treated as withdrawn/ not pressed and dismissed accordingly. In the result, appeal filed by the Revenue is dismissed. Order pronounced in the open court on 14/09/2016 Sd/- JUDICIAL MEMBER Ranchi, Dated 14/09/2016 Dkp,PS Copy of the Order forwarded to : 1. |