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TMI Blog2019 (11) TMI 1662X X X X Extracts X X X X X X X X Extracts X X X X ..... . 1. Aforesaid appeal by revenue for Assessment Year [in short referred to as 'AY'] 2010-11 contest the order of Ld. Commissioner of IncomeTax (Appeals)-24, Mumbai, [CIT(A)] Appeal No. CIT(A)-24/ITO15(2)(2)/IT-41/2016-17 dated 14/06/2017 qua deletion of addition of Rs. 100 Lacs u/s 68 as made by Ld. AO on account of unexplained share application money. 2. The Ld. Authorized Representative for As ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... facie, it appears that the tax effect being contested by the revenue is less than prescribed limit of Rs. 50 Lacs and the same is covered by recently issued low tax effect Circular No.17/2019 dated 08/08/2019 issued by Central Board of Direct Taxes [CBDT]. This recent circular further enhances the monetary limit fixed in earlier Circular No.3 of 2018 dated 11/07/2018 issued by CBDT as amended on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ls before various appellate authorities have been fixed as under: - S. No. Appeals/ SLPs in Income-tax matters Monetary Limit (Rs.) 1 Before Appellate Tribunal 50.00,000 2 Before High Court 1,00.00,000 3 Before Supreme Court 2,00.00,000 The aforesaid limits, as per para 13 of the Circular no. 3 of 2018 dated 11/07/2018, applies to pending appeals also. In view of the admitted position ..... X X X X Extracts X X X X X X X X Extracts X X X X
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