ACIT, Circle-28, Kolkata v. Suchismita Majumder
[Citation -2016-LL-0923-185]
| Citation | 2016-LL-0923-185 |
|---|---|
| Appellant Name | ACIT, Circle-28, Kolkata |
| Respondent Name | Suchismita Majumder |
| Court | ITAT-Kolkata |
| Relevant Act | Income-tax |
| Date of Order | 23/09/2016 |
| Assessment Year | 2006-07 |
| Judgment | View Judgment |
| Keyword Tags | recalling order • audit objection • monetary limit • tax effect |
| Bot Summary: | Application is that the Tribunal erred in dismissing the appeal by observing that the tax effect in this appeal of Revenue is below the prescribed monetary limit as required in instruction No. 5/2014 issued by CBDT on 10.07.2014. The instant case falls under the exception of audit objection in terms of clause of the Circular issued by the CBDT. In support of its claim, ld. From the above, we find that the instant case falls under the exception as provided in clause of the CBDT Circular. The monetary limit as specified for filing the appeal by the Revenue in present case does not apply. Hence we recall the impugned order passed by this Tribunal dated 03- 08-2015 and fix the date of hearing on 14.12.2016. It is also pertinent to mentioned that no separate notice to either party shall be issued. Application of the Revenue allowed in terms of above. |