2016 (3) TMI 1428 - AT - Income Tax

Maintainability of appeal - low tax effect - HELD THAT - This is an appeal filed by the Revenue. Admittedly the tax effect in this appeal by the Revenue is less than 10 lakhs. In terms of CBDT Circular No.21/2015 dated 10th December, 2015 F.No. 279/Misc./142/2007-ITJ(Pt.) read with S.268 A of the Income Tax Act 1961 this appeal by the Revenue should have been withdrawn or should not be pressed by the Revenue. In view of the above this appeal by the Revenue is dismissed in limini.

Summary

The appellate tribunal ITAT Delhi dismissed the Revenue's appeal as the tax effect was less than Rs. 10 lakhs, following CBDT Circular No.21/2015. The appeal was dismissed in limini.