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| The Tax Publishers2019 TaxPub(DT) 7774 (Pune-Trib) INCOME TAX ACT, 1961
Section 26
As tax effect was less than Rs. 50 lakhs in individual years then even if appeals had been decided by the consolidated order by CIT(A) monetary limit of Rs. 50 lakhs would apply to each of the year under appeal and appeals filed by revenue in this regard were not, therefore, maintainable in view of CBDT Circular No. 17/2019, dt. 8-8-2019.
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Appeal (Tribunal) - Low tax effect - CIT(A) passed cosolidated assessment order and composite tax effect being more than Rs. 50 lakhs -
Revenue by way of wealth tax appeal filed before Tribunal challenged consolidated order passed by CIT(A) for assessment year 2008-09 to assessment year 2011-12 however, tax effect was less than Rs. 50 lakhs in individual years assessment year 2008-09 to assessment year 2011-12, however, tax effect was less than Rs. 50 lakhs in individual years.Held: As tax effect was less than Rs. 50 lakhs in individual years then even if appeals had been decided by the consolidated order by CIT(A) monetary limit of Rs. 50 lakhs would apply to each of the year under appeal and appeals field by revenue in this regard were not, therefore, maintainable in view of CBDT Circular No. 17/2019, dt. 8-8-2019.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2008-09 to 2014-15
INCOME TAX ACT, 1961
Section 2(ea)
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