2018 (9) TMI 2073

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....oy, Judicial Member For the Revenue : Shri Surendra Kumar, CIT (D.R.) & Shri Mudit Nagpal, Sr. D.R. For the Assessee : Shri S.N. Soparkar, A.R & Shri Anil R Shah, A.R. ORDER PER MADHUMITA ROY, JUDICIAL MEMBER: Appeal filed by the Revenue and Cross Objection filed by the assessee are directed against the order dated 5th January, 2015 passed by the learned CIT(A)-8, Ahmedabad for the ....

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....ficer be restored." 3. At the outset, learned counsel for the assessee submitted that the present appeal of the Revenue needs to be dismissed on account of low tax effect in view of the recent CBDT Circular No.3 of 2018 dated 11.07.2018. The learned Departmental Representative fairly admitted that the tax effect involved in this appeal is less than the limit prescribed by the aforesaid CBDT Cir....

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....gal or where Revenue Audit objection in the case has been accepted by the Department or where the addition relates to undisclosed foreign assets/bank accounts etc. We find that the present case does not fall within the exemption clause and the tax effect is less than Rs. 20 Lacs. Therefore, the present appeal is not maintainable and hence dismissed. 5. In the result, appeal filed by the Revenue....