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| The Tax Publishers2020 TaxPub(DT) 2881 (Kol-Trib) INCOME TAX ACT, 1961
Section 250
Where tax effect on disputed additions before Tribunal was less than Rs. 50 lacs in cases, i.e., less than prescribed revised threshold limit in CBDT's latest Circular No. 17/2019, dated 8-8-2019, thus, revenue's appeal was dismissed for involving lower than the prescribed minimum tax effect.
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Appeal (Tribunal) - Maintainability - Lower tax effect -
Revenue filed appeal against order of CIT(A), which involved issue as regards proceedings under section 201(1A).Held: It was found that tax effect on disputed additions before Tribunal was less than Rs. 50 lacs in cases, i.e., less than prescribed revised threshold limit in CBDT's latest Circular No. 17/2019, dated 8-8-2019. Thus, revenue's appeal was dismissed for involving lower than the prescribed minimum tax effect.
Followed:COC v. Indian Oil Corporation Ltd. (2004) 267 ITR 272 (SC) : 2004 TaxPub(DT) 1391 (SC).
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2003-04
IN THE ITAT, KOLKATA BENCH
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