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2014 (8) TMI 962 - AT - Income TaxMaintainability of appeal - Tax effect below the prescribed effect - Held that:- The Central Board of Direct Taxes, vide instruction No. 3 of 2011 dated February 9, 2011 has clearly laid down that the Revenue should not prefer appeals against the assessee before the Income-tax Appellate Tribunal if the tax effect involved in the appeal, excluding the interest, is less than ₹ 3 lakhs. The tax payable in the present appeal being below ₹ 3 lakhs, the Revenue's appeal is not maintainable in view of the Central Board of Direct Taxes Instruction. - Since the Revenue's appeal is not maintainable, no useful purpose would be served by granting adjournment to the Revenue. Accordingly, the Revenue's request for adjournment is refused and the Revenue's appeal is dismissed being not maintainable - Decided against Revenue.
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