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2019 (2) TMI 636 - AT - Income TaxMaintainability of appeal - monetary limit - Addition u/s. 68 on account of share capital/premium received by the assessee - CIT-A deleted the addition admitting additional evidence - Held that:- The appeals of Revenue are not maintainable on account of low tax effect prescribed by CBDT Circular of 2018. Further, in the absence of any material placed on record by the Revenue to demonstrate that the issue in the present appeals are covered by exceptions provided in para 10 of the aforesaid CBDT Circular, we are of the view that the monetary limit prescribed by the instructions of the aforesaid CBDT Circular would be applicable to the present appeals of the Department. We accordingly dismiss all the appeals of Revenue without expressing any opinion on merits of the case. The grounds of the Revenue are dismissed.
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