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2019 (3) TMI 172 - AT - Wealth-taxMaintainability of wealth tax appeal - monetary limit - HELD THAT:- The CBDT vide earlier Circular No.3/2018, dated 11.07.2018 had prescribed the monetary limits for filing of appeals by the Department before the Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court. As per para 11 of said circular, it was specified that monetary limit in para 3 shall not apply to writ matters and direct matters other than income tax and filing of appeals in such cases shall continue to be governed by relevant provisions of Statute and rules. However, vide circular No.5/2019, dated 05.02.2019, the CBDT has recognized vide para 2 that there is no charge under Wealth Tax Act, 1957 w.e.f. 01.04.2016 and hence as a step towards litigation management, the Board has decided that monetary limits for filing of appeals in income tax cases as prescribed in para 3 of the circular shall also apply to wealth tax appeals. In view of extension of circular to wealth tax appeals coming into effect, which is applicable to pending appeals, then the present appeals filed by the Revenue before the Tribunal because of low tax effect, merits to be dismissed in toto.
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