TMI Blog2019 (8) TMI 1445X X X X Extracts X X X X X X X X Extracts X X X X ..... ve tax case appeal is dismissed on account of the low tax effect. The substantial questions of law framed are left open. In the event the tax effect is above the threshold limit fixed in the said circular, liberty is granted to the Revenue to make a mention to this Court to restore the appeal to be heard and decided on merits. - Tax Case Appeal No.343 of 2012 - - - Dated:- 22-8-2019 - Mr. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ellate Tribunal was right in holding that the order of the Commissioner of Income Tax under Section 263 is in error, in which the Commissioner has set aside the order of the assessing officer and directed the assessing officer to compute capital gains, arising out of the lease agreement dated 01.06.2005 executed by the assessee, in accordance with law? (ii) Whether under facts and circum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a); A.R.Krishnamurthy vs. CIT 176 ITR 417 (SC); CIT vs. C F Thomas 284 ITR 557 (Ker); and CIT vs. Sujatha Jeweller 290 ITR 631 (Mad) relied on by the Revenue are distinguishable on facts? 3.Heard Mr.M.Swaminathan, learned Senior Standing Counsel assisted by Ms.V.Pushpa, learned Junior Standing Counsel for the appellant and Ms.Sree Lakshmi Valli, learned counsel for Mr.G.Baskar, learned ..... X X X X Extracts X X X X X X X X Extracts X X X X
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