ACIT, Central Circle-19, New Delhi v. Impress Estates Pvt. Ltd
[Citation -2019-LL-0828-133]
Citation | 2019-LL-0828-133 |
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Appellant Name | ACIT, Central Circle-19, New Delhi |
Respondent Name | Impress Estates Pvt. Ltd. |
Court | ITAT-Delhi |
Relevant Act | Income-tax |
Date of Order | 28/08/2019 |
Assessment Year | 2012-13 |
Judgment | View Judgment |
Keyword Tags | monetary limit • tax effect |
Bot Summary: | Since the tax effect involved in the grounds raised by the Revenue is below Rs.50 lakhs this appeal was taken for hearing. A perusal of the record shows that tax effect involved in the grounds raised by the Revenue is below Rs.50 lakhs. The CBDT, vide Circular No.17/2019 dated 8th August, 2019 has raised the monetary limit for filing of appeal by the Revenue before the Tribunal to Rs.50 lakhs. Vide Notification dated 20th August, 2019 it has been clarified that the revised monetary limit so mentioned in the Circular No.17/2019 is applicable even to pending appeals. Since, in the instant case, admittedly, the tax effect involved in the grounds raised ITA No.2045/Del/2019 by the Revenue is below Rs.50 lakhs in view of the CBDT Circular No.17/2019 dated 8th August, 2019 and the subsequent clarification by the CBDT on 20th August, 2019 to the effect that the said Circular is applicable even to pending appeals, the appeal filed by the Revenue is not maintainable. In the result, the appeal filed by the Revenue is dismissed. The decision was pronounced in the open court on 28.08.2019. |