C.O. cannot be dismissed for dismissal of Revenue’s appeal on account of low effect

Narendra Kumar Khandelwal Vs ITO (ITAT Jaipur) We have considered the rival contentions and carefully perused the material available on record as well as order passed by the Tribunal in the main appeal. From the record, we found that the Tribunal vide consolidated order dated 18/12/2015 had dismissed the appeals of the Revenue as well as cross objection of the assessee by holding that since the revenue’s appeals were dismissed and the C.O. is having no separate existence, therefore, C.O. of the assessee was also dismissed. However, after going through the provisions of Section 253(4) of ...