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2020 (2) TMI 1435 - AT - Income TaxMaintainability of appeal on low tax effect - according to the Tribunal, the tax effect on relief granted by the CIT(A) was less than the monetary limit provided by the Circular, hence appeal was dismissed as not maintainable - assessees have claimed bogus LTCG/STCG through penny stock - HELD THAT:- During the course of hearing, assessee sought an adjournment on the ground that he would like to submit the details that no bogus Long Term Capital Gain was claimed by the assessee and the hearing was adjourned to 17/04/2020. However, after sometime, before raising the Court, he submitted that assessee would like to take benefit of new Kar Vivad Samadhan Scheme introduced two-three days back and therefore he has no objection if this miscellaneous application is allowed.
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