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2019 (9) TMI 303 - AT - Income TaxMonetary limit - low tax effect - retrospective effect of CBDT circular - HELD THAT:- We hold that the revised / enhanced minimum threshold limit of tax effect of ₹ 50, 00, 000/- vide aforesaid recent CBDT Circular No. 17/2019 dated 08.08.2019 is applicable not only for appeals to be filed by Revenue in future; but also for appeals already filed by Revenue in ITAT. Accordingly, in view of the aforesaid recent CBDT Circular No. 17/2019 dated 08/08/2019; the direction in aforesaid earlier Circular dated 11.07.2018 to withdraw /not press Revenue’s appeal with tax effect below ₹ 20, 00, 000/-; is now to be read as direction to withdraw / not press Revenue’s appeal with tax effect below revised / enhanced limit of ₹ 50, 00, 000/-. By necessary implication, therefore, all existing appeals in ITAT, having tax effect below the revised / enhanced limit of ₹ 50, 00, 000/-, are to be treated as withdrawn / not pressed; and are, not maintainable.
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