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2020 (6) TMI 509 - HC - Income TaxMaintainability of appeal - low tax effect - Revision u/s 263 - assessee, while inviting the attention of this Court to the proposal under Section 263 of the Income Tax Act, 1961, submitted that the tax impact is less than ₹ 1 Crore - HELD THAT:- As revenue submitted that the appeal may be disposed of with liberty to revive the same subject to the condition that if the tax effect is more than ₹ 1 Crore or exceptions as mentioned in the notification dated 08.08.2019 are attracted. In view of the aforesaid submission, the appeal is disposed of with liberty as prayed for by the revenue.
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