Income-tax Officer, Ward - 5(1),, Pune Dilip Kumar Gupta,, Pune

Last updated: 14 May 2021

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This Income Tax Appellate Tribunal case saw the Revenue appeal dismissed because the tax effect was below the revised monetary limit. The Central Board of Direct Taxes (CBDT) had increased the threshold for filing appeals to Rs. 50 lakh in August 2019. As the tax effect in this particular appeal was less than this new limit, the Tribunal decided not to proceed with it.

Court :
ITAT Pune

Brief :
This appeal by the Revenue arises out of the order passed by the CIT(A)-4, Pune on 20-10-2017 in relation to the assessment year 2014-15.

Citation :
ITA No. 2990/PUN/2017

IN THE INCOME TAX APPELLATE TRIBUNAL
PUNE BENCH “A”, PUNE – VIRTUAL COURT

BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND
SHRI S.S. VISWANETHRA RAVI, JUDICIAL MEMBER

ITA No. 2990/PUN/2017
Assessment Year : 2014-15

ITO, Ward 5(1), Pune.
Appellant

Vs.

Shri Dilip Kumar Gupta
355, Krishi Utppana Bazar
Samiti, Gultekdi, Market
Yard, Pune - 411037
PAN : AOZPG6820K
Respondent

Assessee by None
Revenue by Shri Vitthal Bhosale

Date of hearing 26-04-2021
Date of pronouncement 26-04-2021

ORDER

PER S.S. VISWANETHRA RAVI, JM :

This appeal by the Revenue arises out of the order passed by the CIT(A)-4, Pune on 20-10-2017 in relation to the assessment year 2014-15.

2. There is no appearance from the side of the assessee despite notice. However, it has been fairly admitted by the ld. DR that the tax effect in this appeal is less than Rs.50.00 lakh.

3. The CBDT has issued circular No.17/2019 dated 08-08-2019 revising upward the monetary limits for filing of appeals by the Department in Income-tax Cases before various appellate forums. The earlier circular No.03/2018 dated 11-07-2018 fixed monetary limit for filing of appeals by the Revenue before the Tribunal at Rs.20.00 lakh. Such limit has now been enhanced in the recent Circular dated 08-08-2019 to Rs.50.00 lakh. Since tax effect in the instant appeal is less than the revised monetary limit of Rs.50.00 lakh, we are not inclined to entertain this appeal.

To know more in details find the attachment file