DCIT (International Taxation), Circle-3(1)(1), New Delhi v. Russel Reynolds Associates Inc
[Citation -2019-LL-0829-11]
| Citation | 2019-LL-0829-11 |
|---|---|
| Appellant Name | DCIT (International Taxation), Circle-3(1)(1), New Delhi |
| Respondent Name | Russel Reynolds Associates Inc. |
| Court | ITAT-Delhi |
| Relevant Act | Income-tax |
| Date of Order | 29/08/2019 |
| Assessment Year | 2010-11 |
| Judgment | View Judgment |
| Keyword Tags | low tax effect • monetary limit |
| Bot Summary: | All the three appeals relating to the same assessee were heard together and are being disposed off by this consolidated order for the sake of convenience. Ld. DR for the Revenue pointed out that the present appeals are to be withdrawn as the tax effect involved in the case is below Rs.50 Lacs. The CBDT vide Circular No.17/2019 dated 08.08.2019 has revised the monetary limit for filing the appeals before the Tribunal to Rs.50 Lacs. Further, CBDT vide letter dated 20.08.2019 has also clarified that Circular No.17/2019 would be applicable to all pending appeals. The present appeals filed by the Revenue in case of low tax effect are not maintainable. We clarify here that the Revenue shall be at liberty to approach the Tribunal for re-institution of appeals, if the requisite material is brought to show that the appeals are protected by the exceptions prescribed in para 10 of the Circular dated 11.07.2018. In the result, the appeals of Revenue are dismissed. |