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2015 (10) TMI 1440 - ITAT KOLKATA

2015 (10) TMI 1440 - ITAT KOLKATA - TMI - Maintainability of appeal - treatment to Rental income received - Commissioner of Income-Tax (Appeals)-XII treated as its business income as against income from house property as treated by the AO - Held that:- In the present case, the tax effect involved in each of the four appeals filed by the Revenue in the month of February, 2014 is less than the monetary limit of ₹ 3 lakhs prescribed by the CBDT vide Instruction dated 09.02.2011 (supra) and th .....

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ol/2014 - Dated:- 15-9-2015 - Shri P. M. Jagtap, Accountant Member Appellant by : Shri Debasish Lahiri, JCIT, Sr.DR respondent by : Shri Anikesh Banerjee, Advocate ORDER These four appeals filed by the Revenue are directed against the four separate orders all dated 21.11.2013 passed by the ld. Commissioner of Income-Tax (Appeals)-XII, Kolkata dated 11.02.2013 for the assessment year 200607 to 2009-10, whereby he treated the rental income received by the assessee company as its business income as .....

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rking filed by the ld. Counsel for the assessee is not disputed even by the ld. DR. Under section 268A(1) inserted in the Statute by the Finance Act, 2008 with retrospective effect from 01.04.1999, the Central Board of Direct Taxes has been authorized to issue orders, instructions or directions to the income-tax authorities laying down the monetary limits for the purpose of filing appeals. As held by the Hon ble Punjab & Haryana High Court in the case of CITvs- Oskar Laboratories Pvt. Ltd. 3 .....

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