The DCIT, Central Circle-1, Chandigarh v. M/s Creative Capital Services Pvt. Ltd
[Citation -2016-LL-0916-145]
Citation | 2016-LL-0916-145 |
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Appellant Name | The DCIT, Central Circle-1, Chandigarh |
Respondent Name | M/s Creative Capital Services Pvt. Ltd. |
Court | ITAT-Chandigarh |
Relevant Act | Income-tax |
Date of Order | 16/09/2016 |
Assessment Year | 2009-10 |
Judgment | View Judgment |
Keyword Tags | monetary limit • tax effect |
Bot Summary: | It is observed that in this case the tax effect does not exceed the Monetary Limit of Rs. 10 lakhs. Thus, in view of Circular No. 21/2015 dated 10.12.2015, F.No. Of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, the instant appeal deserves to be treated as withdrawn / not pressed. Vide para 10 of the above instructions, the CBDT has clarified that this instruction will appl y 2 retrospectivel y to pending appeals and appeals to be filed henceforth in ITAT. The CBDT has further clarified that the pending appeals before the Tribunal below the specified tax limits i.e. Rs. 10 lakhs may be withdrawn / not pressed by the Revenue. It is also observed that the issue involved in this appeal is not covered by Para 8 of the above instructions. Accordingl y, the appeal filed by the Revenue is treated as withdrawn / not pressed. In the result, the appeal of the Revenue is dismissed. |