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2019 (7) TMI 230 - HC - Income TaxLow tax effect - Revision u/s 263 - undisclosed investment in shops - undisclosed income by way of receipt of cash donations - earlier also this appeal was dismissed on the ground of low tax effect and restored pursuant to MA filed by revenue - HELD THAT:- Mr. Bhatt, the learned senior standing counsel appearing for the revenue clarifies that Circular No.21/2015 dated 10th December, 2015, at the relevant point of time, was applicable only to the fresh appeals. In such circumstances, the revenue had to prefer a miscellaneous civil application for restoring this appeal to its original file. Mr. Bhatt further clarifies that later, the revenue issued a fresh circular No. 3/2018 dated 11.07.20148 clarifying that it would apply even to the pending appeals. This appeal would be covered by the above referred circular. In such circumstances, Mr. Bhatt, the learned senior counsel prays that the revenue would not be pressing this appeal. The appeal stands disposed of accordingly.
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