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2021 (2) TMI 1279 - SCH - Income TaxValidity of assessment u/s 153A/153C - Maintainability of appeal on low tax effect - HELD THAT:- On perusing the record, it appears that the tax effect in these cases is less than the monetary limit of ₹ 2,00,00,000/- (Rupees two crores only) and thus covered by the Central Board of Direct Taxes (CBDT) Circular No.17 of 2019 dated 08.08.2019. In that case, these appeals/petitions need not proceed in view of the aforesaid circular issued by the CBDT. Appellant(s)/petitioner(s) prays for time to take instructions. We see no reason to keep these case(s) pending as the tax effect is less than the amount specified in the stated circular. Accordingly, we dispose of these case(s), leaving all questions of law open. At the same time, we grant liberty to the appellant(s)/petitioner(s) to revive these appeal(s)/petition(s) in the event the factual position noted above is incorrect.
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