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| The Tax Publishers2020 TaxPub(DT) 3227 (Ctk-Trib) INCOME TAX ACT, 1961
Section 254
Where tax effect involved in appeal filed before Tribunal was below Rs. 50 lakhs, going by the latest circular issued by the CBDT, the same would not be maintainable on account of low tax effect.
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Appeal (Tribunal) - Maintainability - Low tax effect -
Revenue filed an appeal before Tribunal. Assessee submitted that the tax effect in the said appeal was below Rs. 50 lakhs and, therefore, in view of CBDT Circular No.17/2019 dt. 8th August, 2019, the same was not maintainable. Held: Since tax effect involved in appeal filed before Tribunal was below Rs. 50 lakhs, going by the latest circular issued by the CBDT, the same would not be maintainable on account of low tax effect.
Followed:Pr. CIT v. Keshav Power Ltd. [SLP No. 21497/2019 dt. 16-8-2019] : 2019 TaxPub(DT) 6279 (SC).
REFERRED :
FAVOUR : In assessee's favour
A.Y. : 2014-15
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