|
The Tax Publishers2019 TaxPub(DT) 7725 (Mum-Trib) INCOME TAX ACT, 1961
Section 251
The tax effect in this appeal was less than Rs. 50 lakhs and therefore, appeal of the revenue was not maintainable on account of low tax effect in view of the CBDT Circular No. 17/2019, dt. 8-8-2019.
|
Appeal [Tribunal] - Maintainability - Low tax effect -
Assessee submitted that tax effect on the issues in the present appeal of the revenue was Rs. 12,02,990 which was below Rs. 50 lacs and in view of the CBDT Circular No. 17/2019, dt. 8-8-2019 in F.No.279/Misc.142/2007-ITJ (Pt), the appeal of the revenue was therefore, not maintainable. DR agreed with the above submission of the assessee. Held: The tax effect in this appeal was less than Rs. 50 lakhs and therefore, the appeal of the revenue was not maintainable on account of low tax effect in view of the CBDT Circular No. 17/2019, dt. 8-8-2019. Hence revenue's appeal was dismissed.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2014-15
INCOME TAX ACT, 1961
Section 36(1)(iii)
SUBSCRIBE FOR FULL CONTENT |