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2021 (1) TMI 1282 - CALCUTTA HIGH COURTNotional loss of Foreign Exchange derivative - HELD THAT:- Question Nos. 1 and 2 were decided against the Revenue by the Income Tax Appellate Tribunal passed [2018 (2) TMI 1806 - ITAT KOLKATA] for the Assessment Year 2010-11. Monetary limit for filing appeals before the High Court - HELD THAT:- In view of the circular No.17/2019 F.No.279/Misc.142/2007-ITJ(Pt.) dated August 8, 2019 issued by Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes Judicial Section, whereby the monetary limit for filing appeals before the High Court has been increased to ₹1 crore and the tax effect in the present being less than that, he may be permitted to withdraw the present appeal. Revenue is allowed.
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