ITAT dismisses appeal as Low tax effect circular applies to pending appeals also

ITO Vs Emdet Neff Perkings Rubber Pvt. Ltd. (ITAT Delhi) FULL TEXT OF THE ORDER OF ITAT DELHI This appeal is preferred by the Revenue against order dated 29.03.2019 passed by the Learned Commissioner of Income Tax (Appeals)-34, New Delhi {CIT(A)} for Assessment Year 2013-14. 2.0 None was present for the assessee when the appeal was called out for hearing. However, Ld. Departmental Representative (DR) pointed out that the present appeal is to be withdrawn as the tax effect involved in the case is below Rs.50 Lacs. 3.0 The CBDT vide Circular No.17/2019 dated 08.08.2019 has revised the monetary ...