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The Tax Publishers2020 TaxPub(DT) 2139 (Chen-Trib) INCOME TAX ACT, 1961
Section 260A
Following principles laid down by Supreme Court in the case of CIT v. Keshav Power Ltd., all the four appeals filed by Revenue were found to be non-maintainable on account of lower tax effect.
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Appeal (High Court) - Maintainability - Lower tax effect -
Instant appeals were filed by Revenue against consolidated order of CIT(A). Tax effect involved in all these four appeals did not exceed Rs. 50,00,000. Held: Since the tax effect involved in the matter is less than threshold limit going by the latest circular issued by the CBDT, no reason to interfere in matter was there. Following principles laid down by Supreme Court in the case of CIT v. Keshav Power Ltd., all the four appeals filed by Revenue were found to be non-maintainable on account of lower tax effect.
Followed:Pr. CIT v. Keshav Power Ltd. [SLP No. 21497/2019, dated 16-8-2019] : 2019 TaxPub(DT) 6279 (SC)
REFERRED :
FAVOUR : In assessee's favour
A.Y. :
IN THE ITAT, CHENNAI BENCH
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