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TMI Blog2023 (7) TMI 1428X X X X Extracts X X X X X X X X Extracts X X X X ..... ided in CBDT Circular no.3/2018 dated 8th August 2019 - validity of acceptance of the audit objection and remedial action propose u/s 147 - HELD THAT:- We find that the departmental appeal was arising from reassessment order passed u/s 147 of the Act in pursuant to the audit objection which was duly accepted by the department as per letter dated 13.01.2015 and hence this case falls in the exceptio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ling of the order dated 21.08.2019 whereby the appeal of the revenue along with other appeals were dismissed by the Tribunal due to low tax effect as provided in CBDT Circular no.3/2018 dated 8th August 2019. 2. Ld. AR of the assessee has submitted that the present case in ITANo.172/2019 falls in the exception provided in the CBDT Circular 03/2018 in para 10(c) as there was audit objection in this ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... partmental appeal in ITANo.172/Ind/2019 was arising from reassessment order passed u/s 147 of the Act in pursuant to the audit objection which was duly accepted by the department as per letter dated 13.01.2015 and hence this case falls in the exceptions provided in CBDT Circular no.3/2018. Accordingly the impugned order of the Tribunal dated 21.08.2019 in respect of ITANo.172/Ind/2019 is recalled ..... X X X X Extracts X X X X X X X X Extracts X X X X
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