Court No. - 3
Case :- INCOME TAX APPEAL No. - 41 of 2016 Appellant :- Principal Commissioner Of Incomet Tax Respondent :- Kulbhsuhan Gupta Counsel for Appellant :- Piyush Agrawal,Gaurav Mahajan Counsel for Respondent :- Ashish Bansal,Rama Goel Bansal
Hon'ble Naheed Ara Moonis,J. Hon'ble Saumitra Dayal Singh,J.
1. Heard Sri Gaurav Mahajan, learned counsel for the revenue and Sri Ashish Bansal, learned counsel for the assessee.
2. Pursuant to the last order, Sri Gaurav Mahajan, learned counsel for the revenue states at present it appears that the appeal is below the monetary limit.
3. Present appeal has been filed by the revenue under Section 260-A of the Income Tax Act, 1961 arising from the order of the Income Tax Appellate Tribunal, Delhi Bench "D", New Delhi dated 28.09.2015 passed in Income Tax Appeal No.2269/Del./2010 for A.Y. 2005-06.
4. At the outset, it has been stated at the Bar that the monetary limit of Rs.1 crore has been set by the CBDT Circular No.17 of 2019 (F.No.279/Misc.142/2007-ITJ(Pt)) dated 08.08.2019.
5. The present appeal is dismissed for reason of the disputed tax being below threshold limit.
6. However in case of contrary written instructions being received by learned counsel for the revenue - that the matter is above the monetary limit, he will be at liberty to file a recall application.
Order Date :- 6.10.2021 S.Chaurasia