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2019 (4) TMI 390 - AT - Wealth-taxMonetary limits for filing of wealth tax appeals - low tax effect - HELD THAT:- In view of extension of circular to wealth tax appeals coming into effect, which is applicable to pending appeals, the present appeals filed by the Revenue before the Tribunal are liable to be dismissed on account of low tax effect. Therefore, without going into merits of the additions made in the hands of assessee, we dismiss the appeals filed by Revenue. The Cross Objections filed by assessee against appeals filed by the Revenue have thus become infructuous and are dismissed accordingly. Before parting, we clarify here that the Revenue shall be at liberty to approach the Tribunal for restoration of appeals with the requisite material to show that the appeals are protected by the exceptions prescribed in Para 10 of the Circular No. 3/2018 (supra) or for any other tenable reason. In the result, appeals by the Revenue and the Cross Objections by the assessee are dismissed.
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