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2015 (10) TMI 1440 - AT - Income TaxMaintainability of appeal - treatment to Rental income received - Commissioner of Income-Tax (Appeals)-XII treated as its business income as against income from house property as treated by the AO - Held that:- In the present case, the tax effect involved in each of the four appeals filed by the Revenue in the month of February, 2014 is less than the monetary limit of ₹ 3 lakhs prescribed by the CBDT vide Instruction dated 09.02.2011 (supra) and the same being in contravention of the said instruction issued by the CBDT which have attained a statutory status as a consequence of the insertion of the section 268A in the Income-Tax Act, 1961 as held by the Hon’ble Punjab & Haryana High Court in the case of Oskar Laboratories Pvt. Ltd.[2009 (2) TMI 28 - PUNJAB AND HARYANA HIGH COURT ] hold that the same are not maintainable. All these four appeals filed by the Revenue are accordingly dismissed. - Decided against revenue.
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