2020 (2) TMI 1509 - AT - Income Tax

Maintainability of appeal on low tax effect - Revenue has submitted that the appeal of the Revenue is covered by exception specified in clause (e) of Para 3 of amended CBDT Circular dated 20.08.2018 - HELD THAT - We find merit in the stand of Revenue that the case in hand is covered by the exception specified in clause (e) of Para 3 of amended CBDT Circular dated 20.08.2018. Therefore we deem it fit and proper to recall our order. The Registry is directed to post the appeal of the Revenue in the regular course. Miscellaneous applications of the Revenue is allowed.

Summary

The Appellate Tribunal ITAT Mumbai allowed the Miscellaneous Application by the Revenue to recall an order dated 21.08.2018 due to the tax effect being below the monetary limit specified in a CBDT Circular. The appeal of the Revenue was found to be covered by an exception in the amended CBDT Circular, and the Tribunal directed the appeal to be posted in the regular course.