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2019 (10) TMI 1504 - AT - Income TaxMaintainability of appeal - low tax effect - HELD THAT:- Appeal filed by the Revenue is hit by recently issued CBDT Circular No. 17 of 2019 dated 08/08/2019 revising the previous thresholds pertaining to tax effects. As per aforesaid Circular, all pending appeals filed by Revenue are liable to be dismissed as a measure for reducing litigation where the tax effect does not exceed the prescribed monetary limit which is now revised at ₹ 50 Lakhs. In the instant case, the tax effect on the disputed issues raised by the Revenue is stated to be not exceeding ₹ 50 lakhs and therefore appeal of the Revenue is required to be dismissed in limine. Revenue fairly admitted the applicability of the CBDT Circular No. 17 of 2019. Accordingly, appeal of the Revenue is dismissed as not maintainable.
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