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2018 (8) TMI 1557 - HC - Income TaxMonetary limit for filling appeal - Held that:- By Circular No.3/2018, dated 11.07.2018, monetary limit has further been increased and appeals be maintainable before the High Courts. It has been increased to ₹ 50,00,000/-. Hence, viewed from any angle, this appeal could not have been filed. As pointed out by the learned counsel for the assessee that by way of giving effect to the order dated 05.11.2002, the Assessing Officer, viz., the Deputy Commissioner of Income Tax, Central Circle, Salem-7, has stated that the balance tax payable is ₹ 49,20,000/-. Thus, the said communication clearly shows that the tax effect is less than the limit prescribed in the Circular. Thus, by adopting the monetary limits in the Circular, the tax case appeal filed by the Revenue is dismissed
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