Assistant Commissioner of Income-tax, Bharuch Circle, Bharuch v. M/s. JP Industries
[Citation -2016-LL-1019-164]
| Citation | 2016-LL-1019-164 |
|---|---|
| Appellant Name | Assistant Commissioner of Income-tax, Bharuch Circle, Bharuch |
| Respondent Name | M/s. JP Industries |
| Court | ITAT-Ahmedabad |
| Relevant Act | Income-tax |
| Date of Order | 19/10/2016 |
| Assessment Year | 2008-09 |
| Judgment | View Judgment |
| Keyword Tags | monetary limit • tax effect |
| Bot Summary: | This appeal by the Revenue is preferred against the order of Ld. CIT(A)-VI, Baroda dated 13.08.2013 pertaining to A.Y. 2008-09. The revenue is aggrieved by the deletion of the penalty of Rs. 6,27,440/- out of the total penalty levied by the A.O. at Rs. 15,73,400/-. At the very outset, the appeal of the Revenue has to be decided in the light of the Circular of CBDT No. 21 of 2015 dated 10.12.2015 by which the CBDT has fixed the monetary limit for filing the appeal before the Appellate Tribunal at Rs. 10 lacs and above. In the light of the CBDT Circular, this appeal by the Revenue is dismissed. |