The Tribunal held that since the present case was falling within the exceptions carved out in the Circular no. 21/2015 dt.10/12/2015, appeals have to be contested where the addition related to undisclosed foreign assets/bank accounts. Assessee is having foreign bank account and information thereof has been received by Indian authorities inasmuch as the assessee has used Indian address. Hence, the appeal by the Revenue having been filed in accordance with the CBDT Circular in this regard is duly maintainable. (ITA No. 5889/Mum/2016 dt.01.06.2018 (AY. 2003-04),
DCIT v. Rahul Rajnikant Parikh & Ors (Mum.) (Trib.), www.itatonline.org
S.253: Appellate Tribunal – Tax Effect – Below 10 lakhs – Where the addition relates to undisclosed foreign assets/ bank accounts – Exception to circular – Appeal by revenue is maintainable