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2022 (6) TMI 1446 - AT - Income TaxMaintainability of appeal by the Revenue before the tribunal - Monetary limit - rejection on low tax effect - HELD THAT:- As we find from the records that the tax effect in the instant appeal is Rs. 44,50,978/- only as per the relevant column in Form 36 herein. We thus quote the CBDT’s circular No. 17/2019 dated 08-08-2019 revising upward the monetary limits for filing of appeals by the department in Income-tax cases before various appellate forums. The earlier circular No. 03/2018 dated 11-07-2018 had fixed monetary limit for filing of appeals by the Revenue before the tribunal at Rs. 20.00 lakhs which stands enhanced in the Circular dated 08-08-2019 to Rs.50.00 lakhs qua all pending appeals as well. All these facts have gone unrebutted from the Revenue side. We accordingly reject it’s instant appeal. Revenue’s appeal is dismissed for involving lower than the prescribed tax effect in above terms.
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