Iapl/41/2016 Of Principal Commissioner Of Incomet Tax v. Kulbhsuhan Gupta

Case :- INCOME TAX APPEAL No. - 41 of 2016 Appellant :- Principal Commissioner Of Incomet TaxRespondent :- Kulbhsuhan GuptaCounsel for Appellant :- Piyush Agrawal,Gaurav MahajanCounsel for Respondent :- Ashish Bansal,Rama Goel Bansal Hon'ble Naheed Ara Moonis,J.Hon'ble Saumitra Dayal Singh,J. 1. Heard Sri Gaurav Mahajan, learned counsel for therevenue and Sri Ashish Bansal, learned counsel for theassessee. 2. Pursuant to the last order, Sri Gaurav Mahajan, learnedcounsel for the revenue states at present it appears thatthe appeal is below the monetary limit. 3. Present appeal has been filed by the revenue underSection 260-A of the Income Tax Act, 1961 arising fromthe order of the Income Tax Appellate Tribunal, DelhiBench "D", New Delhi dated 28.09.2015 passed inIncome Tax Appeal No.2269/Del./2010 for A.Y. 2005-06. 4. At the outset, it has been stated at the Bar that themonetary limit of Rs.1 crore has been set by the CBDTCircular No.17 of 2019 (F.No.279/Misc.142/2007-ITJ(Pt))dated 08.08.2019. 5. The present appeal is dismissed for reason of thedisputed tax being below threshold limit. 6. However in case of contrary written instructions beingreceived by learned counsel for the revenue - that thematter is above the monetary limit, he will be at liberty tofile a recall application. Order Date :- 6.10.2021S.Chaurasia