Appeal filed in the violation of the instruction issued by the IT is liable to be dismissed

Last updated: 04 January 2012

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
This appeal filed on 12.5.2011 by the Revenue against an order dated 27.1.2011 of the ld. CIT (Appeals)-I, New Delhi, raises grounds relating to addition of i)` 4,66,935/- on account of unexplained bank credit.;ii) ` 4,55,000/- on account of unexplained investment in KVP and iii) `22,000/- on account of undisclosed interest on aforesaid KVP . At the outset , the ld. AR on behalf of the assessee pointed out that the tax effect in this appeal f iled by the Revenue is about Rs. 2.89 lacs i.e below the limit of Rs.3 lakhs st ipulated by the CBDT in their instruct ion no.3/2011 dated 9th February, 2011. The ld. DR appearing before us could not point out that the case fal ls within any of the following except ions in the aforesaid CBDT instruct ion

Citation :
DCIT,Cent ral Circle-20,Room no. 333,E-2,ARA Centre, Jhandewalan extension,New Delhi(Appel lant) V/s. Shri Deepak Mittal A-204, Mayfair Apartments, 96,IP Extension,Patpar Ganj,Delhi-110092(Respondent )