TMI Blog2019 (9) TMI 194X X X X Extracts X X X X X X X X Extracts X X X X ..... the monetary limit for filing or pursuing an appeal before the High Court has been increased to ₹ 1 Crore. It is further submitted that the tax effect in this case is less than the threshold limit, as it is ₹ 81.46 lakhs. The above tax case appeal is dismissed on account of the low tax effect. The substantial questions of law raised are left open. In the event the tax effect is a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r dated 27.7.2017 made in ITA.No. 1148/Mds/2015 on the file of the Income Tax Appellate Tribunal, Madras 'A' Bench for the assessment year 2008-09. 3. The Revenue has filed this appeal by raising the following substantial questions of law : i. Whether the Tribunal is correct in law in holding that invocation of the provisions of Section 153C of the Incom ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessment order under Section 143(3) read with Section 153A on 31.12.2013 by invoking the provisions of Section 153C is only a review of earlier assessment passed under Section 143(3) on 13.12.2010 and is impermissible under the scheme of the Act by ignoring the fact that the Assessing Officer has mandate of the provisions of Section 153A to assess/re-assess total income wherever the provisions o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ms of Circular No.17/2019 dated 08.8.2019 issued by the Central Board of Direct Taxes. By the said Circular, the monetary limit for filing or pursuing an appeal before the High Court has been increased to ₹ 1 Crore. It is further submitted that the tax effect in this case is less than the threshold limit, as it is ₹ 81.46 lakhs. 5. In the light of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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