Assistant Commissioner OF Income Tax Central Circle1-(2), Hyderabad V. Sunil Narang , Hyderabad

ITA 57/Hyd/2021

• Counselvise Citation: [2022] 104 COUNSELVISE.COM (IT) 0294 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 9 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-10-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: DB-B
• Next Hearing Date: 18-10-2022
• Assessment Year: 2017-2018
• Appeal Filed On: 14-01-2021
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Tax effect

Judgement Text

ITA No.57 of 2021 Sunil Narang Hyderabad Page 1 of 2 आयकर अपीलȣय अͬधकरण, हैदराबाद पीठ IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ B ‘ Bench, Hyderabad Before Shri R.K. Panda, Accountant Member AND Shri Laliet Kumar, Judicial Member ITA No.57/Hyd/2021 Assessment Year: 2017-18 A.C.I.T Central Circle 1(2) Hyderabad Vs. Shri Sunil Narang Hyderabad PAN:ABFPN3762L (Appellant) (Respondent) Revenue by : Shri K. Madhusudan, CIT(DR) Assessee by: Shri P. Murali Mohan Rao, CA Date of hearing: 19/10/2022 Date of pronouncement: 19/10/2022 ORDER Per R.K. Panda, A.M This appeal filed by the Revenue is directed against the order dated 11.9.2020 of the learned CIT (A)-11, Hyderabad relating to A.Y.2017-18. 2. At the time of hearing, it has been brought to our notice that as per the CBDT Circulars No.03/2018 dated 11.7.2018 and Circular No.17 of 2019, dated 9 th August, 2019, the tax limit for filing of appeal by the Revenue before the Tribunal has been fixed at Rs.50.00 lakhs. Since the tax effect in this appeal is less than Rs.50.00 lakhs, we are dismissing the same on account of low tax effect with the liberty to the Revenue ITA No.57 of 2021 Sunil Narang Hyderabad Page 2 of 2 to seek recall of the order, if the appeal falls within the exceptions mentioned in the circulars cited above. 3. In the result, appeal filed by the Revenue is dismissed as withdrawn. Order pronounced in the Open Court itself i.e. 19 th October, 2022. Sd/- Sd/- (LALIET KUMAR) JUDICIAL MEMBER (R.K. PANDA) ACCOUNTANT MEMBER Hyderabad, dated 19 th October, 2022. Vinodan/sps Copy to: S.No Addresses 1 ACIT Central Circle 2(3) Hyderabad 2 Sri Sunil Narang, Door No.1-7-396/397, Jain Estate, Park Lane, Secunderabad 500003 3 CIT (A)-11,Hyderabad 4 Pr. CIT-Central, Hyderabad 5 DR, ITAT Hyderabad Benches 6 Guard File By Order