Tax effect in the appeal is less than the statutory limit of Rs.50,00,000/-


Quick Summary
The Income Tax Appellate Tribunal in Hyderabad has dismissed an appeal filed by the Revenue. This decision was made because the tax effect involved in the appeal was found to be less than the statutory limit of Rs. 50,00,000/-, as per CBDT Circular No. 17/2019. The Tribunal dismissed the appeal on these grounds, while allowing the Revenue to seek a recall if specific exceptions apply.

Court :
ITAT Hyderabad

Brief :
This is Revenue’s appeal for the A.Y. 2013-14 against the order of Ld.CIT(A), Hyderabad dated 25.04.2019.

Citation :
ITA No. 1119/Hyd./2019

 IN THE INCOME TAX APPELLATE TRIBUNAL
 HYDERABAD ‘A’ BENCH : Hyderabad

(Through Video Conferencing)

Before Smt. P. Madhavi Devi, Judicial Member
And
Shri A. Mohan Alankamony, Accountant Member

ITA No. 1119/Hyd./2019
A.Y. 2013-14

Dy.CIT, Circle 5(1)
Hyderabad 
(Appellant) 

vs.

Sh. Praveen Kumar Agarwal
Hyderabad
PAN: AEOPKK0691R
(Respondent)
 
For Revenue: Sh. Sunil Kumar Pandey, D.R.
For Assessee: None

Date of Hearing : 07/01/2021
Date of Pronouncement : 08/01/2021-

O R D E R

Per Smt. P. Madhavi Devi, J.M.

This is Revenue’s appeal for the A.Y. 2013-14 against the order of Ld.CIT(A), Hyderabad dated 25.04.2019.

The appeal of the Revenue was taken up for hearing through videoconferencing on 07.01.2021. None appeared on behalf of assessee. Heard Shri Sunil Kumar Pandey, the Ld.DR on behalf of Revenue.

2. At the outset, ld.DR accepted that the tax effect in this appeal is lessthan the statutory limit of Rs.50,00,000/- as per the CBDT Circular No.17/2019 dated 08.08.2019.

3. Therefore, the appeal of the Revenue is dismissed for low tax effect in accordance with the CBDT Circular No.17/2019 dated 08.08.2019 with liberty to seek recall of this Order if this case falls within any of the exceptions to the CBDT Circular. Thus, Revenue’s appeal is dismissed.

4. In the result, revenue’s appeal stands dismissed.

Order pronounced on 08th January, 2021.


Sd/-                                                                 Sd/-

(A.MOHAN ALANKAMONY)                         (P. MADHAVI DEVI)
ACCOUNTANT MEMBER                             JUDICIAL MEMBER

Dated: 08th January, 2021.

*gmv

Copy forwarded to:
1. Praveen Kumar Agarwal, H.No. 4-1-968/1, Abids road, Hyderabad.
2. Dy.CIT, Circle 5(1), Hyderabad .
3. CIT(A)-4, Hyderabad.
4. Pr.CIT-4, Hyderabad
4. DR, ITAT, Hyderabad.
5. Guard File.
 
 

FAQ :

The Revenue's appeal was dismissed because the tax effect in the case was less than the statutory limit of Rs. 50,00,000/-, as per CBDT Circular No. 17/2019.

The statutory limit for the tax effect, according to the CBDT Circular No. 17/2019, is Rs. 50,00,000/-.

The Income Tax Appellate Tribunal, Hyderabad 'A' Bench heard this case.

Yes, the Revenue has the liberty to seek a recall of this order if the case falls within any of the exceptions to the CBDT Circular.

 

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