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2014 (1) TMI 1546 - AT - Income TaxAddition made u/s 68 of the Act – Bogus transactions - Held that:- The Board's instruction No. 5/2008 dated 15-5-2008 is referred wherein monetary limits and other conditions for filing departmental appeals (In Income- tax matters) before Appellate Tribunal, High Courts and Supreme Court were specified - an appeal should not be filed merely because the tax effect in a case exceeds the monetary limits prescribed above - Filing of appeal in such cases is to be decided on merits of the case - The instruction will apply to appeals filed on or after 9th February 2011 - The present appeal has been filed by department on 21.10.2011 and the tax effect in this appeal is Rs.2,89,860/-, and the instructions of CBDT are applicable and the appeal filed by department is liable to be dismissed as the tax effect in this appeal is below Rs.3 lakhs – Decided against Revenue.
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