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2018 (11) TMI 1816 - AT - Income TaxMaintainability of appeal - low tax effect - HELD THAT:- Tax effect of the Revenue’s appeal is below ₹ 20 lacs, i.e., the threshold monetary limit applicable for the Revenue’s appeals before the Tribunal u/s. 268A as per the latest instruction, i.e., No. 3 dated 11.07.2018, by the CBDT. With reference to the grounds of appeal as well as the assessment order, it was confirmed by the Bench that the addition being agitated is for ₹ 34.22 lacs, entailing a tax effect at ₹ 11.05 lacs. As per Section 268A of the Act monetary limit fixed per the latest instruction for the appeals before the tribunal is ₹ 20 lacs. Therefore, the instant appeal, being covered by section 268A read with the applicable Instruction cited supra, which is to apply for pending appeals as well, is not maintainable. The Revenue’s appeal is accordingly dismissed in limine as not maintainable.
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