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2019 (12) TMI 348 - AT - Income TaxMaintainability of appeal - monetary amount involved in filing of the appeal - CBDT circular No.17/2019 in F.No.279/Misc.142/2007ITJ(Pt) dated 8th August, 2019 - HELD THAT:- The circular dated 8th August 2019 is not a standalone circular. It is to be read in conjunction with the CBDT circular No. 3/2018 (and subsequent amendment thereto), and all it does is to replace paragraph nos. 3 and 5 of the said circular. The Hon’ble Supreme Court in the case of THE PR. COMMISSIONER OF INCOME TAX-5, NEW DELHI VERSUS KESHAV POWER LTD. [2019 (8) TMI 811 - SC ORDER] has also applied the Circular No.17/2019 dated 08.08.2019 has dismissed the appeal holding Since the tax effect involved in the matter is less than ₹ 2/- crores, going by the latest circular issued by the CBDT, we see no reason to interfere in this matter. The appeal filed by the Revenue is found to be non-maintainable - the appeal of Revenue stands dismissed as withdrawn.
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