Court No. - 29
Case :- INCOME TAX APPEAL No. - 254 of 2016 Appellant :- The Principal Commissioner Of Income Tax,Allahabad & Anr.
Respondent :- Rajiv Maheshwari,2-Patrika Marg,Allahabad Counsel for Appellant :- Gaurav Mahajan Counsel for Respondent :- Harsh Vardhan Gupta
Hon'ble Pankaj Mithal,J. Hon'ble Ashok Kumar,J.
According to the instructions received by Sri Gaurav Mahajan, learned counsel for the Department, the tax effect involved in this appeal for the relevant year is less than the monetary limit of Rs. 50,00,000/- prescribed for filing appeal before the High Court by the Department as per the Circular dated 11th July, 2018 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes.
In view of the above, we are of the opinion that the Department is not entitle to prefer any appeal in the matter and the same is, accordingly, dismissed.
Sri Harsh Vardhan Gupta, learned counsel is present for the assessee.
Order Date :- 30.10.2018 Nirmal