Income-tax Officer, Ward-5(2), Ahmedabad v. Pankaj Extrustion Ltd
[Citation -2016-LL-1005-72]
| Citation | 2016-LL-1005-72 |
|---|---|
| Appellant Name | Income-tax Officer, Ward-5(2), Ahmedabad |
| Respondent Name | Pankaj Extrustion Ltd. |
| Court | ITAT-Ahmedabad |
| Relevant Act | Income-tax |
| Date of Order | 05/10/2016 |
| Assessment Year | 2008-09 |
| Judgment | View Judgment |
| Keyword Tags | monetary limit • tax effect |
| Bot Summary: | The substantive grievance of the Revenue reads as under:- 1. CIT(A) has erred in law and on facts in deleting the disallowance of Employees PF contribution Rs. 1,14,938/- made u/s. CIT(A) has erred in law and on facts in deleting the disallowance of Rs. 1,22,465/- made on account of income not recognized. CIT(A) has erred in law and on facts in deleting the disallowance of Rs. 12,18,843/- made on account of interest of u/s. A perusal of the aforementioned grounds clearly shows that the tax effect involved in the grievance of the assessee is less than Rs. 10 lacs. This appeal by the Revenue deserves to be dismissed in the light of the CBDT Circular No. 21 of 2015 dated 10.12.2015 by which the CBDT has prescribed the monetary limit to file the appeal before the Tribunal at Rs. 10 lacs and above. In the light of the aforementioned Circular of the CBDT, this appeal by the Revenue is dismissed. |