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2020 (7) TMI 209 - AT - Income TaxMaintainability of appeal - low tax effect - Tax effect of Revenue’s appeal not exceeding the monetary limit - reference to monetary limits prescribed by CBDT Circular No. 03 of 2018 dated 20-03-2018 - Unexplained cash credit u/s 68 - Finding of the A.O. is based on the information received from the Investigation Wing of the Department - treating the profit from commodity transactions as unexplained cash credit as well as the addition on account of commission paid for availing such accommodation entries from the brokers - HELD THAT:- As relying on M/S. A.P. GEMS [2020 (3) TMI 1241 - ITAT JAIPUR] Information received from Investigation Wing of the Department does not fall in the category of the information received from external source being law enforcement agencies such as CBI/ED/DRI/SFIO/DGGI etc. as provided in the exception clause (e) of para 10 of the Circular No. 3/2018. Accordingly, the appeal of the revenue is not maintainable being the monetary limit is not exceeding as prescribed in the Circular No. 3/2018. - Decided against revenue.
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