DCIT Circle, Surendranagar v. Deepak Kumar Ramnik
[Citation -2016-LL-1017-101]
| Citation | 2016-LL-1017-101 |
|---|---|
| Appellant Name | DCIT Circle, Surendranagar |
| Respondent Name | Deepak Kumar Ramnik |
| Court | ITAT-Rajkot |
| Relevant Act | Income-tax |
| Date of Order | 17/10/2016 |
| Assessment Year | 2007-08 |
| Judgment | View Judgment |
| Keyword Tags | tax effect • retrospective applicability |
| Bot Summary: | The Revenue s sole substantive ground challenges the lower appellate order deleting the addition made by the Assessing Officer of Rs. 2,86,555/- ; made in assessment order dated 20-03-2013. There is no dispute that the net tax effect in the instant appeal is less than Rs. 10 lacs. We find that the Central Board of Direct Taxes; hereafter the Board has issued the circular no. 21/2015 dated 10-12- 2015 clearly envisaging therein that department s pending appeals before the tribunal/high courts are to be withdrawn/not pressed as per the above stated circular. The same has been declared to be having retrospective effect in other words. We take into consideration the above stated Board s circular and dismiss the instant appeal accordingly. This Revenue s appeal is dismissed as having low tax effect. |