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2016 (11) TMI 1573 - AT - Income TaxMonetary limit - maintainability of appeal - tax effect - Held that:- Considering the main objective of such instructions that to reduce the pending litigation, where the tax effect is considerable low or small, the appeal is not maintainable. The recent instruction revising the monetary limit to ₹ 10 lakhs for filing appeal before ITAT on income tax matters, as issued vide the above Circular will apply to pending appeals also for the reason that the same is exactly identical to earlier instructions. In view of the above discussion and the latest Circular issued by the CBDT, as reproduced above, since the tax effect involved in the present appeal is below the monetary limit, therefore, we dismiss this departmental appeal in limine being not maintainable.
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