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2018 (8) TMI 753 - AT - Income TaxMonetary limit for filing of appeal by the revenue before the tribunal - recent instruction No.3/2018 dated 11/07/2018 revising the monetary threshold fixing the tax effect limit of ₹ 20 lacs for the revenue to file appeal before the ITAT - The CBDT also clarifies that this instruction will apply retrospectively to pending appeals and appeals to be filed henceforth in High Courts/Tribunal. The Income Tax Act was amended and Section 268A has been introduced on the Statute book with retrospective effect. Held that:- Considering the above CBDT circular, we found that this appeal of the revenue is not maintainable as the tax effect in this appeal is below ₹ 20 Lakhs. Accordingly, appeal of the revenue is dismissed. - Decided against the revenue.
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