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2018 (2) TMI 1648 - HC - Income TaxMaintainability of appeal - monetary limit - Held that:- We do not think the result of this adjudication is going in favour of revenue. As such though this matter has been listed under the heading “To Be Mentioned”, we have heard it. Question no.2 in the reference is :- Whether, on the facts and in the circumstances of the case, the Hon’ble I.T.A.T. was justified in law in holding that no adjustment can be made under section 143(1)(a)in case of loss? However, in view of the aforesaid circumstances, as tax effect is below threshold, the application is rejected and Rule discharged.
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