DCIT, Central Circle –1, Nashik v. Sunil Manakchand Kotecha
[Citation -2019-LL-0826-19]
| Citation | 2019-LL-0826-19 |
|---|---|
| Appellant Name | DCIT, Central Circle –1, Nashik |
| Respondent Name | Sunil Manakchand Kotecha |
| Court | ITAT-Pune |
| Relevant Act | Income-tax |
| Date of Order | 26/08/2019 |
| Assessment Year | 2012-13 |
| Judgment | View Judgment |
| Keyword Tags | low tax effect • monetary limit |
| Bot Summary: | PAN ABBPK2141Q Respondent Revenue by Ms. Shabana Parveen Assessee by Shri Hari Krishan Date of Hearing 26.08.2019 Date of Pronouncement 26.08.2019 ORDER PER D. KARUNAKARA RAO, AM This appeal is filed by the Revenue against the order of the CIT(A)-12, Pune dated 02.09.2016 for the assessment year 2012-13. Counsel for the assessee submitted that the appeal of the Revenue is liable to be dismissed on account of low tax effect in terms of latest CBDT Circular No.17/2019 F.No. Counsel for the assessee submitted that the Revenue in appeal raised grounds assailing the findings of CIT(A) in deleting the additions. DR for the Revenue fairly admitted that in the present appeal by the Revenue the tax effect is less than Rs.50 lakhs. The Revenue is in appeal against the order of CIT(A) in deleting the additions. 142/2007-ITJ dated 08th August, 2019 read with Circular No.3 of 2018 dated 11.07.2018 for filing of appeals before the Tribunal by the Department. The CBDT vide circular dated 08-08-2019 has amended Para 3 of Circular No.3 of 2018 dated 11-07-2018 thereby enhancing monetary limit of tax effect from Rs.20 Lakhs to Rs.50 Lakhs for filing of appeals by the Department before the Tribunal. |