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2018 (7) TMI 1987 - AT - Income TaxMonetary limit - low tax effect - maintainability of appeal - HELD THAT:- Undisputedly, the tax effect involved in appeal is less than the monetary limit prescribed by recent CBDT Circular for filing of appeals before the Tribunal by the Department. The CBDT vide Circular No. 3/2018, dated 11-07-2018 has raised the monetary limit of tax effect for filing of appeals by the Department before the Tribunal to ₹ 20 lakhs. The circular applies to the appeals to be filed by the Department in future, as well as the appeals pending before the Tribunal. Thus, in view of the above CBDT Circular, the present appeal of the Revenue is liable to be dismissed on account of low tax effect.
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