Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (8) TMI 384 - ITAT MUMBAITax effect below prescribed limit - monetary limit for filing an appeal - Held that:-As per CBDT Instruction no.3 of 2011, dated 9th February 2011, the appeal before the Tribunal can be filed by the Revenue, when the tax effect exceeds the monitory limit of ₹ 3,00,000. - The appeal has been filed after 9th February 2011 - in the latest instruction, the CBDT has raised the limit of tax effect for filing of appeal before the Tribunal at ₹ 4 lakhs – following the decision in CIT v/s Madhukar K. Inamdar (HUF) [2009 (7) TMI 145 - BOMBAY HIGH COURT] - circulars are applicable on pending appeals also – thus, the tax effect is less than ₹ 3 lakhs, therefore, the appeal of the revenue is dismissed as non–maintainable – Decided against Revenue.
|